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Deep Diamond India informs about outcome of board meeting

16 Apr 2025 Evaluate
Deep Diamond India has informed that pursuant to Regulation 30 of the Listing Regulations, the Board at its meeting held today, Wednesday, April 16, 2025, through video Conferencing, considered and approved the following: Amended the Issue Size for an amount not exceeding Rs. 40.00 Crores for Raising Funds by Issuing Rights Equity Shares: The Board of Directors at their meeting held on August 14, 2024, authorized the issuance of Rights Equity shares for an amount not exceeding Rs. 45.00 crores, and approved and considered the issuance of fully paid-up Equity shares, respectively. The Board of Directors considered amendment in terms of issue size at its meeting held on April 16, 2025, to consider an issue size for an amount not exceeding Rs. 40.00 Crores (Rupees Forty Crores) instead of Rs. 45.00 Crores (Rupees Forty-Five Crores) by way of a rights issue to the existing shareholders of the Company in accordance with the provisions of Companies Act, 2013 and 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; Further, the Board has constituted a Rights Issue Committee and authorized its members to decide on the terms and conditions of the Issue, including but not limited to, the ?inal Issue size/amount, rights entitlement ratio, the issue price, record date, timing of the Rights Issue, approval of draft letter of offer; appointment of intermediaries, if required; allotment of shares and other related matters; Considered and approved the appointment of Mrs. Laveena Pokharna as Chief Financial Of?icer of the Company.

The above information is a part of company’s filings submitted to BSE.

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