Diamond Power Infrastructure Limited — M&A Activity 2022

Sep 2, 2022

DATE: 2nd September, 2022

TO, Gen. Manager (DCS) Bombay Stock Exchange Ltd. P J Towers, Dalal Street, Fort, Mumbai-400001 TO, The Manager National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (E) Mumbai-40051 Scrip Code: BSE: 522613, NSE: DIAPOWER

SUB: INTIMATION OF LETTER RECEIVED FROM RESOLUTION APPLICANT M/S GSEC LIMITED IN CONSORTIUM WITH MR. RAKESH SHAH

REF: COMPANY CODE BSE: 522613 (DIAMOND POWER INFRASTRUCTURE LIMITED)

Ref: NCLT Order IA No. 160 of 2022 in CP (IB) 137 of 2018 dated 20/06/2022

Dear Sir,

In reference to the above captioned subject, kindly take note of the attached letter received from the Resolution Applicant M/s GSEC limited in consortium with Mr. Rakesh Shah for your information and record.

Thanking you, Yours faithfully,

FOR, DIAMOND POWER INFRASTRUCTURE LIMITED

Prashant

Jain

Digitally signed by Prashant Jain

_______________________________ MR. PRASHANT JAIN Chairmen of Monitoring Committee

(Enclosed the letter received from Resolution Applicant M/s GSEC Limited in Consortium with Mr. Rakesh Shah)

To. Mr. Prashant Jain Chairman of Monitoring Committee of Diamond Power Infrastructure Limited Ahmedabad

SUB: INTIMATION OF TRIGGER DATE

REF: COMPANY CODE BSE: 522613 (DIAMOND POWER INFRASTRUCTURE LIMITED)

Ref: NCLT Order IA No. 160 of 2022 in CP (IB) 137 of 2018 dated 20/06/2022

Dear Sir,

We would like to inform that with reference to the subject matter and in terms of the approved resolution plan, the Management of the GSEC Limited, Successful Resolution Applicant, would like to fix and finalize the Trigger Date as 15^th September, 2022, Thursday. As per approved Plan, on Trigger Date, GSEC Limited would be taking necessary actions for implementation of plan which include payment of Upfront Cash consideration in favour of various stakeholders, take effective control and possession of the Corporate Debtor, induct new Board of Directors, extinguish share capital of existing share capital as per Plan, issue fresh Equity Shares, convene a Board meeting of the Company to carry out necessary transactions and any other items / agenda as may be considered necessary for the said purpose.

We hereby request you to kindly take the same on your record and intimate all concerned Stock Exchanges, as a Chairman of the Monitoring Committee.

Thanking you,

Yours faithfully,

For GSEC Limited

Dinesh Shah CFO

GSEC Limited

2nd Floor, Gujarat Chamber's Building, Ashram Road, Ahmedabad - 380009 Tel.-+91-79-2655 4100, Fax: +91-79-2658 4040, E-mail: info@gsecl.co.in, Visit us: www.gsecl.co.in CIN No. U52100GJ1965PLC001347