Company Update

Deep Diamond India reported deviations in using its October 2025 Rights Issue funds totaling Rs 39.98 Cr for the quarter ended December 2025. Originally, Rs 30 Cr was for acquiring Oasis Ceramics, but Rs 22.50 Cr was instead deployed into equity share investments.

This change in fund objective was ratified by shareholders.

The company also overspent on issue expenses by Rs 0.14 Cr, utilizing Rs 0.49 Cr against an allocation of Rs 0.35 Cr.

These variations provide transparency for investors regarding capital allocation shifts.