Diamond Power Infrastructure : Disclosure of other UPSI/material event
September 17, 2022 at 10:50 am EDT
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Date: 17th September, 2022
To,
To,
The Manager,
The Manager,
BSE Limited
National Stock Exchange of India Limited
Add: Phiroze Jeejeebhoy Towers,
Add: Exchange Plaza, C-1, Block G,
Dalal Street Mumbai- 400001
BandraKurla Complex, Bandra (E), Mumbai - 400051
Scrip Code: BSE 522163, NSE: DIAPOWER
Sub: COMPLIANCE OF REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS, 2015 FOR IMPLEMENTATION OF RESOLUTION PLAN- M/S. DIAMOND POWER INFRASTRUCTURE LIMITED (COMPANY CODE BSE: 522163)
Ref: NCLT Order IA No. 160 of 2022 in CP (IB) 137 of 2018 dated 20/06/2022
In terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), as on Trigger Date 17th September, 2022, as approved by Board, we do hereby implement the Resolution Plan:
Upfront Cash Payment is fully discharged.
Possession of the Corporate Debtor has been handed over to successful Resolution Applicant.
The Paid up equity share capital of Company will get reduced to the extent of 99% such that shareholders holding less than 100 shares will not get any shares and their shares will be extinguished in full.
Pursuant to provisions of section 62 and other applicable provisions of Companies Act, 2013 read with Companies (Share capital and Debentures) Rules as amended from time to time, 5,00,00,000(five crore) new equity shares of Rs 10/- (Rupees ten) each have been allotted.
Allotment of 18,99,27,477 (Eighteen crores ninety nine lakhs twenty seven thousand four hundred and seventy seven) unsecured redeemable bonds of Rs. 100/-each (Rupees Hundred), maturing at the end of 30 years carrying coupon rate of 0.001%, to secured financial creditors of the Company in conversion of their residual admitted claim into unsecured redeemable bonds.
Factory : Vadadala, Phase - II
Savli, Vadodara, Gujarat, India.
CIN : L31300GJ1992018198
Request you to kindly take note of the same on records and oblige.
Thanking you.
Yours sincerely,
For, DIAMOND POWER INFRASTRUCTURE LIMITED
Mr. Tushar Lakhmapurkar
Company Secretary & Compliance officer of the Company
Factory : Vadadala, Phase - II
Savli, Vadodara, Gujarat, India.
CIN : L31300GJ1992018198
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Diamond Power Infrastructure Ltd. published this content on 17 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2022 14:49:01 UTC.
Diamond Power Infrastructure Limited is an India-based manufacturer of power transmission equipment. The Company is engaged in the manufacturing and sale of conductors, cables, and transmission towers. The Company operates in the Transmission and Distribution of Power (T&D) related business segment. It designs and manufactures a range of power transmission equipment that includes conductors, power cables (HV, LV, and UHV), and transmission towers. The Companyâs product portfolio includes power and control cables, MV and EHV cables, conductors, and transmission towers. Its transmission and distribution conductor products include EC Grade Aluminum Wire Rods, Aluminum Alloy Wire Rods, All Aluminum Conductors (AAC), All Aluminum Alloy Conductors (AAAC), Aluminum Conductor Steel Reinforced (ACSR), Aluminum Alloy Conductor Steel Reinforced (AACSR), and Aluminum Conductor Alloy Reinforced (ACAR), among others. The Companyâs wholly owned subsidiary is Diamond Power Global Holdings Limited.
DIAMOND POWER INFRASTRUCTURE LIMITED 
