Diamond Power Infra appoints Kundip Thakker as CFO

Diamond Power Infrastructure?s board has approved the appointment of Kundip S. Thakker as chief financial officer (CFO) and key managerial personnel of the company, effective 20 October 2026.

Following the appointment, Pawan Lohiya ceased to serve as CFO and key managerial personnel with effect from the close of business hours on 19 October 2026. He has been redesignated as deputy chief financial officer, effective 20 October 2026.

Thakker is a Cost and Management Accountant and holds an MBA in Finance from TIMS, Gujarat, and a Bachelor of Commerce degree from Gujarat University. He has also completed ICMAI?s Certificate Course in Treasury and International Banking and IIM Indore?s Emerging CFO Programme.

He is a finance professional with over 26 years of experience in financial management, strategic planning, corporate finance, treasury, fundraising, financial controls and business performance management across diverse industries.

Most recently, he was Chief Financial Officer of Stelmec, Mumbai, a medium-voltage switchgear and smart power solutions company. There he led financial strategy, controls, fundraising, investor relations and IPO preparedness, including a private equity raise of Rs 175 crore in 2024.

Diamond Power, marketed under the DICABS brand, manufactures low voltage (LV), medium voltage (MV), high voltage (HV) and extra high voltage (EHV) power cables, aerial bunched cables, control cables and overhead conductors. Its products cater to power utilities, transmission and distribution companies, renewable-energy developers, EPC contractors and industrial customers in India and export markets.

The company?s consolidated net profit soared 256.19% to Rs 58.45 crore in the quarter ended June 2026 from Rs 16.41 crore in the corresponding quarter of the previous year. Sales surged 128.57% to Rs 689.88 crore in Q1 FY27 from Rs 301.82 crore in Q1 FY26.

The counter declined 4.35% to settle at Rs 346.20 on the BSE.

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