Outcome of Board Meeting

DIAMOND POWER INFRASTRUCTURE LIMITED June 18, 2026 Corporate Relations Department Listing Department BSE Limited National Stock Exchange of India Limited 2nd Floor, P.J. Towers Exchange Plaza, Plot No. C/1, G- Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 522163 Scrip Symbol: DIACABS Sub.: Outcome of Board Meeting held on June 18, 2026 Re: ISIN-INE989C01038 Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”) and with reference to our prior intimated vide letter dated June 12, 2026, we wish to inform that the Board of Directors of the Company at its meeting held today i.e. June 18, 2026, has inter alia: 1) Approved raising of funds by the Company by way of issuance of equity shares through Qualified Institutions Placement (“QIP”) to Qualified Institutional Buyers (“QIBs”), in one or more tranches, through such permissible modes and on such terms and conditions as may be determined in accordance with the applicable provisions of the Companies Act, 2013, the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws and regulations, and ancillary actions in connection with the proposed fund raising, subject to the approval of the shareholders of the Company and receipt of such regulatory, statutory and other approvals as may be required, for an aggregate amount not exceeding Rs. 2,000 Crores (Rupees Two Thousand Crore), representing an enhancement of the earlier approved limit from ₹1,000 Crores to ₹2,000 Crores. The Board of Directors took note that the Company is currently non-compliant with the Minimum Public Shareholding (“MPS”) requirements mandated under Rule 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957 (“SCRR”) read with regulation 38 of the Listing Regulations. In accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023, QIP is one of the permissible methods for achieving compliance with the MPS norms. The Company intends to achieve full compliance with the MPS requirements at the earliest. Further the details as required under Regulation 30 of Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure A. 2) Constituted Corporate Social Responsibility committee to comply with requirements under the Companies Act, 2013 with the following members a) Mr. Rakesh Shah – Chairperson (Non-Executive Non-Independent Director) b) Mr. Himanshu Shah – Member (Non-Executive Non-Independent Director) c) Mr. Maheswar Sahu -Member (Independent Director) Regd. Office & Factory: Vadadala, Phase – II Savli, Vadodara, Gujarat, India-391520 CIN: L31300GJ1992PLC018198 Email: cs@dicabs.com, Website: www.dicabs.com Tel No.- 02667-251354/251516 Fax No.-02267-251202 DIAMOND POWER INFRASTRUCTURE LIMITED 3) Reconstituted Risk management committee and the following is the constitution after reconstitution a) Mr. Rabindra Nath Nayak – Chairperson (Independent Director) b) Dr. Varsha Adhikari – Member (Independent Director) c) Mr. Umesh Chhaya, - Member (Senior Managerial Personnel) 4) Reconstituted management committee of Directors with the following members and delegated necessary powers in connection with the proposed issuance of Eligible Securities through Qualified Institutions Placement (“QIPs”) a) Mr. Rakesh Shah - Chairperson (Non-Executive & Non-Independent Director) b) Mr. Himanshu Shah – Member (Non-Executive & Non-Independent Director) c) Dr. Varsha Adhikari - Member (Independent Director) 5) Approved the notice of Postal Ballot to seek approval of the shareholders for the aforesaid issuance of the equity shares and ancillary actions, pursuant to Section 110 and other applicable provisions of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014. The Meeting of the Board of Directors of the Company commenced at 04:10 P.M. (IST) and concluded at 4:25 P.M. (IST). We request you to kindly take the above information on record. The above information will be available on the website of the company i.e., www.dicabs.com. Thanking you, Yours sincerely, For, Diamond Power Infrastructure Limited Jayesh Patel Company Secretary Encl: As above Regd. Office & Factory: Vadadala, Phase – II Savli, Vadodara, Gujarat, India-391520 CIN: L31300GJ1992PLC018198 Email: cs@dicabs.com, Website: www.dicabs.com Tel No.- 02667-251354/251516 Fax No.-02267-251202 DIAMOND POWER INFRASTRUCTURE LIMITED Annexure-A Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended SI. Particulars Details 1. Type of securities proposed to be issued (viz. equity shares, Equity Shares convertibles, etc.) 2. Type of issuance (further public offering, rights issue, Qualified Institutions Placement depository receipts (ADR/GDR), qualified institutions subject to approval of shareholders of placement, preferential allotment etc.) the Company as per Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. 3. Total number of securities proposed to be issued or the total Raising further capital for an amount for which the securities will be issued aggregate amount not exceeding (approximately) Rs. 2,000 Crore (Rupees Two Thousand Crore), or an equivalent amount thereof (inclusive of such premium as may be fixed (if any)) at such price or prices as may be permissible under applicable law, in accordance with the SEBI ICDR Regulations and all other applicable laws, as may be considered appropriate. 4. In case of preferential issue the listed entity shall disclose Not Applicable the additional details to the stock exchange(s) 45. In case of bonus issue the listed entity shall disclose the Not Applicable additional details to the stock exchange(s) 6. In case of issuance of depository receipts (ADR/GDR) or Not Applicable FCCB the listed entity shall disclose additional details to the stock exchange(s) 7. In case of issuance of debt securities or other non- Not Applicable convertible securities the listed entity shall disclose additional details to the stock exchange(s) 8. Any cancellation or termination of proposal for issuance of Not Applicable securities including reasons thereof Regd. Office & Factory: Vadadala, Phase – II Savli, Vadodara, Gujarat, India-391520 CIN: L31300GJ1992PLC018198 Email: cs@dicabs.com, Website: www.dicabs.com Tel No.- 02667-251354/251516 Fax No.-02267-251202