Diamond Power Infrastructure Discharged in PMLA Case
Diamond Power Infrastructure Limited has been discharged in PMLA Case No. 2/2024 by the Hon’ble Court of the Principal District & Sessions Judge, Ahmedabad. The company was discharged on May 6, 2026. Previously, it was discharged in other PMLA and CBI cases. No proceedings are pending under PMLA.
The discharge from a PMLA case removes a significant legal overhang for the company, potentially improving its standing and reducing future legal costs. However, the impact is considered medium as it does not directly involve new business or financial results.
The company has been discharged from a PMLA case, which is a positive development as it resolves ongoing litigation.
Diamond Power Infrastructure Limited announced that it has received a final Judgment and Order from the Hon’ble Court of the Principal District & Sessions Judge, Ahmedabad, discharging the company in PMLA Case No. 2/2024. This order was pronounced on May 6, 2026, and received by the company on May 7, 2026.
The company also stated that it had previously been discharged by the Hon’ble High Court of Gujarat in PMLA Case nos. 5 of 2021 and 21 of 2018, as well as in CBI-ACB case No. 3/2020.
The PMLA case was initially filed by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002, following the registration of an FIR by the Central Bureau of Investigation on March 26, 2018. With this latest discharge, no proceedings are now pending against the company under the PMLA.
The details of the litigation and the discharge are in accordance with SEBI circular requirements.
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Diamond Power Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Diamond Power Infrastructure Limited. Read the original for the full detail.