Diamond Power Infrastructure Ashwani Saraf as Chief appointed
Diamond Power Infrastructure (DIACABS) said Ashwani Saraf as Chief has been appointed. The company is valued at about ₹20,633 crore.
What happened
Diamond Power Infrastructure (DIACABS) told the exchanges on 3 October 2026 at 09:22 PM that Ashwani Saraf as Chief has been appointed.
Company snapshot
Diamond Power Infrastructure is a small-cap company in the Capital Goods sector, with a market value of about ₹20,633 crore.
The stock last traded at ₹345, against a 52-week range of ₹115.6–₹404 (14.6% below the high).
Before this filing the shares had moved +4.3% over the month and +57.7% over three months. Average daily turnover over the last 20 sessions was about ₹29.87 crore.
Promoters held 74.03% at the end of Q2 FY27, down 9.99% points from the previous quarter. Foreign institutions owned 4.57% and domestic institutions 10.95%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 302 | 20.1 | 0.38 |
| Q2 FY26 | 438 | 27.7 | 0.53 |
| Q3 FY26 | 474 | 49.7 | 0.94 |
| Q4 FY26 | 696 | 60.6 | 1.15 |
| Q1 FY27 | 690 | 58.4 | 1.11 |
What history shows
BCEIE's records show 6 previous management change filings from the company since May 2026.
After those filings, the stock fell 0.5% on average the next trading day and was up 3.4% on average after five days (6 filings with price data).
Across 209 similar disclosures by other Capital Goods companies, shares moved +0.2% on average the next day and +0.5% over five days; 52% of them rose the next day.
Market-wide, 3,852 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 13 Jun 2026 | Resignation of Director/KMP/SMP | +2.3% | +2.8% |
| 10 Jun 2026 | 'Disclosure of Contact Details of Key Managerial Personnel under… | −4.3% | +1.0% |
| 6 Jun 2026 | Resignation of Director/KMP/SMP | −0.6% | +5.8% |
| 6 Jun 2026 | Resignation of Director/KMP/SMP | −0.6% | +5.8% |
| 6 Jun 2026 | Management change | −0.6% | +5.8% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Diamond Power Infrastructure bags ₹43.26 Cr cable supply order from Adani Power
- Diamond Power Infrastructure Share Price Rises 2.68% Today
- Diamond Power Bags ₹116.49 Crore Gujarat Cable Orders
- Diamond Power Infrastructure secures ₹116.49 crore cable order from Polite Powertech
- Diamond Power Infrastructure receives orders worth Rs 116.49 cr
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.