Outcome of Board Meeting

DIAMOND POWER INFRASTRUCTURE LIMITED August 13, 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 August 13, 2026, in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Re: ISIN-INE989C01038 Dear Sir/Madam, We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e., August 13, 2026, has inter alia: 1. Approval of Unaudited Financial Results: Considered and Approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Reports issued by M/s. Naresh & Co., Chartered Accountants, Vadodara (FRN: 106928W), as reviewed and recommended by the Audit Committee. The said financial results along with the Limited Review Reports are enclosed herewith as Annexure-A. The said auditors have issued unmodified opinion for the aforesaid financial results of the Company. QR Code, along with the web-link to the aforesaid Unaudited Financial Results, shall also be published in the newspapers pursuant to the provisions of the SEBI Listing Regulations. 2. Appointment of Additional & Whole-time Director: Approved the appointment of Mr. Umeshkumar Chhaya (DIN: 11881011) as an Additional Director and Whole-time Director of the Company with effect from August 13, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting. Further, the details required under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circulars on disclosure requirements are enclosed herewith as Annexure-B. 3. Shifting of Registered Office: Approved the proposal to shift the Registered Office of the Company from its existing location at Vadadala, Phase-II, Savli, Vadodara, Gujarat, India - 391520 to Westgate (True Value), Block D, 17th Floor, Office No. 1703 to 1707, Nr. YMCA Club, S.G. Highway, Makarba, Ahmedabad – 380051, Gujarat, India, for administrative and operational convenience, subject to the approval of shareholders at the ensuing Annual General Meeting. 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 We request you to kindly take the above information on record for dissemination to the shareholders of the Company. The same will also be made available on the website of the Company at www.dicabs.com. The meeting of the Board of Directors of the Company commenced at 01:30 P.M. (IST) and concluded at 03:35 P.M. (IST). Thanking you, Yours sincerely, For, Diamond Power Infrastructure Limited Jayesh Patel Company Secretary ICSI M. No.: A14898 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 naresh & co. CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR’S LIMITED REVIEW REPORT ON CONSOLIDATED FINANCIAL RESULTS The Board of Directors, Diamond Power Infrastructure Limited, We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Diamond Power Infrastructure Limited (‘The Holding Company”) and its Subsidiary DICABS Nextgen Special Alloys Private Limited (“The Subsidiary) (the Holding Company and its Subsidiary together referred as “the Group”) for the quarter ended 30" June 2026, read together with the Notes thereon (‘the Statement’), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This Statement which is the responsibility of the Company’s Management and has been approved by the Board of Directors has been prepared in accordance with recognition and measurement principles laid down in IND AS 34 “Interim Financial Reporting” as prescribed u/s. 133 of the Companies Act, 2013 (the “Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a Conclusion on this Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly we do not express an audit opinion. Our responsibility is only to express a Conclusion as described above. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable Indian Accounting Standards (Ind AS) specified under section 133 of the Companies Act, 2013, together with the Notes thereon and read with relevant rules and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. City Enclave, Near Baroda High Schoel, Opp. Polo ground, Vadodara - 390 001 Ph. : +91 265 2423386 / +91 7874423386 E-mail : consult@nareshandco.com Website : hitp:/fwww.nareshandeo.com naresh & co. CHARTERED ACCOUNTANTS Emphasis of Matter Attention is Invitéd to Note 4 (b) of the Notes to the Consolidated Financial Results which describes the comprehensive exercise undertaken by the Holding Company for physical verification and reconciliation of its Property, Plant and Equipment (‘PPE") pertaining to the period prior to the takeover by the new management. This included reconstruction and updation of the PPE Register relating to those PPE, reconciliation with the books of account, determination of cost allocation and accumulated depreciation, reassessment of the remaining useful lives of the said PPE. As explained in the said note, the Independent Agency has carried out a value allocation of costs and accumulated depreciation on and from baseline date 01.04.2018 and has recalculated depreciation for the period prior to implementation plan based on old useful lives i.e. from FY 2018-19 to FY 2021-22. Thereafter, based on their evaluation, the useful lives of the Plant & Machinery and Electrical Installations Blocks have been determined at 15 years and 10 years respectively from the year of implementation of the Resolution Plan while those relating to all other Blocks have been continued as prescribed under the Companies Act, 2013 from their original acquisition dates. Based on the same, the Depreciation for the period post implementation of the Resolution Plan has also been recalculated. Further, as explained in the aforesaid Note, consequent to completion of the exercise as aforesaid, the Company has regularised the depreciation shortfall arising from depreciation having been provided at a flat rate of 20% during the resolution, transition and post-takeover periods To regularise the shortfall, the Holding Company has applied retrospective adjustments under Ind AS 8 (Accounting Policies, Changes in Accounting Estimates a [Showing first 8,000 characters — download PDF for full document]