Ashwani Saraf appointed Chief Operating Officer and SMP; Kalpesh Patel ceases as COO and SMP

Management change at Diamond Power Infrastructure Ltd: Mr. Ashwani Saraf appointed as Chief Operating Officer and Senior Management Personnel with effect from October 3, 2026.

Sat 3 Oct 2026

New COO / SMP Appointed

Mr. Ashwani Saraf as Chief Operating Officer and Senior Management Personnel, effective October 3, 2026

Outgoing COO / SMP Cessation

Mr. Kalpesh Patel ceased as COO and SMP from close of business hours on October 3, 2026

Board Approval Date

Board meeting held on October 3, 2026

Incoming COO Experience

over 30 years of experience in cables, automotive, power and telecom manufacturing

Reason for Cessation

inability to continue in his position on account of health reasons

Appointment of a new Chief Operating Officer

• The Board of Directors of the Company, at its meeting held on October 3, 2026, approved the appointment of Mr. Ashwani Saraf as Chief Operating Officer and designated him as Senior Management Personnel (SMP) of the Company, with effect from October 3, 2026.
• The term of appointment is stated as not applicable, since the SMP is appointed as a full-time employee of the Company.

Profile of the incoming COO

• Mr. Saraf is described as a manufacturing operations leader with over 30 years of experience in cables, automotive, power and telecom manufacturing, including multi-plant and multi-country operations with full P&L accountability.
• Most recently, as Director - Production & Technical at JJLAPP, Jakarta (a Jebsen & Jessen and LAPP Holding Asia joint venture), he led end-to-end cable manufacturing across ASEAN for a business of about S$250 million.
• Before that, as Vice President - Manufacturing at LAPP India, he owned plant operations for a business of about ₹ 1,000 crore.
• Earlier, he held senior operations roles at Cable Corporation of India (HT and EHV cables), RPG Cables (LT power and telecom cables) and UM Cables of the Usha Martin Group, where he was Unit Head.
• He began his career at Tata Motors, rising from Graduate Engineer Trainee to Senior Manager over 12 years across the Pune, Jamshedpur and Lucknow plants.
• He holds a B.E. in Mechanical Engineering from NIT Surathkal (1994) and is a Motorola University-certified Six Sigma Green Belt.

Cessation of the outgoing COO

• Mr. Kalpesh Patel, Chief Operating Officer and SMP of the Company, has ceased to be Chief Operating Officer and SMP with effect from the close of business hours on October 3, 2026.
• The stated reason is his inability to continue in his position on account of health reasons.

What investors may take from this

• The appointment and the cessation both take effect on October 3, 2026, with the outgoing COO's cessation taking effect from the close of business hours that day.
• The incoming COO's stated experience is in cable manufacturing operations across India and ASEAN, the segment in which the Company operates.
• The disclosure covers the appointment and the cessation of a Senior Management Personnel, which is a change at the senior management level rather than at the Board level.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.