Legal Update

Diamond Power Infrastructure Discharged in PMLA Case

NSE

diacabs

BSE

522163

Diamond Power Infrastructure informed exchanges that it has been discharged in a PMLA case by the Special Court in Ahmedabad, with no proceedings now pending against the company under PMLA.

PRICE-SENSITIVE TRIGGER

Event: Discharge in PMLA Matter

Type: Legal Update

Impact: Positive

Immediate Effect: The court order removes pending PMLA proceedings against the company, improving legal clarity

What Happened ?

Diamond Power Infrastructure received a final judgment and order from the Special Court under the Prevention of Money Laundering Act (PMLA), Ahmedabad.

The court allowed the company’s discharge application in the PMLA case.

The company stated:

No proceedings are now pending against it under PMLA
Earlier, Gujarat High Court had also discharged the company in related matters

key highlights

Legal Update:

The PMLA case originated from a CBI FIR dated March 26, 2018.
The present PMLA case was filed in 2024.
The Special Court discharged the company under Sections 3 and 4 of PMLA.
No settlement or penalty details were applicable.
The company received the order on May 7, 2026.

Note:

The development removes a major legal overhang related to PMLA proceedings.

Risk Analysis

Key Risks

Regulatory monitoring risk
Reputation-related concerns
Historical litigation overhang

Worst Case Scenario

Any fresh legal or regulatory proceedings could again impact investor sentiment.

Risk Level: Low

Company Commentary

The company confirmed discharge from the PMLA case.
Management stated that no proceedings are pending under PMLA against the company.
The update was shared for public dissemination and shareholder information.

Official Exchange Filing: Diamond Power Infrastructure Limited