Decision and Details
Board of DirectorsSubscription for the share capital increase by Diamet Sintered Metal India Pvt. Ltd. through an allotment to its shareholders
The plant is currently under construction, and mass production is scheduled to begin in October 2026. The investment is being made to secure the working capital required for this. All proceeds from the capital increase will be used as working capital.
The impact of this capital increase on results for the current fiscal year is expected to be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Subscription for the share capital increase by Diamet Sintered Metal India Pvt. Ltd. through an allotment to its shareholders |
| Decision-Making Body | Board of Directors |
| Decision Date | 14 May 2026 |
| Implementation Date | 19 May 2026 (scheduled effective date) |
| Amount | Investment amount: INR 200 million; stated capital of the subsidiary receiving the investment before the investment: INR 117 million; reference exchange rate: INR 1 = ¥1.81 |
| Quantity / scale | Ownership interest after the investment: 100% (held indirectly through DIAMET Corporation) |
| Impact on Business Performance | The impact of this capital increase on results for the current fiscal year is expected to be immaterial. |
| Reason | The plant is currently under construction, and mass production is scheduled to begin in October 2026. The investment is being made to secure the working capital required for this. All proceeds from the capital increase will be used as working capital. |
| Future plans | The capital increase is scheduled to take effect on 19 May 2026. Mass production is scheduled to begin in October 2026. If any matters requiring disclosure arise, they will be announced promptly. |
Items this document does not state (3)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To secure the working capital required for plant construction and the start of mass production. All proceeds from the capital increase will be used as working capital.