Diffusion Engineers | Business Upturn

Diffusion Engineers faces ₹72 lakh GST demand over alleged excess ITC

Arunika Jain — Thu, 26 Mar 2026 11:34:25 +0000

Diffusion Engineers has been issued a tax demand of ₹72,13,794 by the Assistant Commissioner of Central GST and Central Excise, Division–Hingna, Nagpur-I. The demand, dated March 24, 2026, was received by the company on March 25, 2026, and relates to the alleged excess availment of Input Tax Credit (ITC) for the financial year 2019–2020.

The order, passed under Section 74 of the Central Goods and Services Tax Act, 2017, not only demands recovery of the aforementioned tax amount but also imposes a penalty of ₹72,13,794, equivalent to the tax demand. Additionally, interest under Section 50 of the CGST Act is applicable on the tax demand.

Diffusion Engineers is currently assessing the order and plans to contest the demand and penalty before the appropriate authority. The company has expressed its belief that the demand is not sustainable and anticipates that it will not materially impact its financial position, operations, or other activities.

The details of the order have been enclosed as Annexure A in the filing, complying with the requirements under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Diffusion Engineers organises investor meet and plant visit with Nirbhay Investment Opportunities Fund

Yash Agarwal — Tue, 24 Mar 2026 12:51:44 +0000

Diffusion Engineers Limited held a meeting and plant visit with Nirbhay Investment Opportunities Fund on 24 March 2026, the company disclosed in a regulatory filing with the National Stock Exchange of India (NSE).

The event was organised by officials of the company and included a tour of the organisation’s manufacturing facilities. The disclosure was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In compliance with regulatory requirements, the company confirmed that no unpublished price-sensitive information (UPSI) was shared during the plant visit. This disclosure was made to ensure transparency and adherence to the listing standards set by India’s stock exchange regulator.

Chanchal Rajesh Jaiswal, Company Secretary and Compliance Officer at Diffusion Engineers Limited, submitted the intimation to both the NSE and the Bombay Stock Exchange (BSE). The company maintains its commitment to regulatory compliance and transparent communication with investors and stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Diffusion Engineers to hold investor meet and plant visit on March 24

Yash Agarwal — Thu, 19 Mar 2026 11:31:05 +0000

Diffusion Engineers Limited has announced that its management will conduct a meeting and plant visit with Nirbhay Investment Opportunities Fund on Tuesday, 24th March, 2026, according to a regulatory filing with the National Stock Exchange of India.

The company made the pre-intimation disclosure in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Schedule III Part A thereof.

Diffusion Engineers clarified that no unpublished price-sensitive information (UPSI) will be shared during the visit. The discussion with the investor will be based on generally available information and is not related to any UPSI, in accordance with the company’s Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information.

The company also noted that any unforeseen exigency on the part of either the company, investors, or analysts may lead to a change in the date or time of the scheduled meet and plant visit.

Chanchal Rajesh Jaiswal, Company Secretary and Compliance Officer at Diffusion Engineers, signed the regulatory disclosure on 19th March, 2026.

Diffusion Engineers hosts investor and analyst meet in Nagpur

Business Desk — Thu, 12 Mar 2026 11:49:23 +0000

Diffusion Engineers organised an investor and analyst meet at their Nagpur facility on 12th March 2026. The event included a plant visit and was attended by various participants.

The meeting, held at 10:00 AM, was conducted under the regulatory framework of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that no unpublished price-sensitive information (UPSI) was shared during the visit.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Diffusion Engineers bags order worth Rs 22.86 crores for power sector supplies

Aman Shukla — Wed, 01 Oct 2025 11:06:24 +0000

Diffusion Engineers Limited has announced that it has received a significant domestic order worth approximately ₹22.86 crores for the supply of critical equipment to the power industry. The order includes ID, PA, and FD Fan statics, Rotary Air Preheater statics, and rotors, reflecting the company’s expertise in delivering high-precision industrial components.

The contract, awarded by a domestic client, is scheduled to be completed by May 31, 2027. The company has clarified that neither its promoters nor promoter group have any interest in the client entity, and the transaction does not constitute a related-party deal.

This order marks a notable milestone for Diffusion Engineers, reinforcing its position in the power sector and showcasing its capability to handle large-scale industrial orders. The company’s focus on quality, timely delivery, and technical excellence continues to strengthen its reputation among domestic clients.

With this new order, Diffusion Engineers is set to further expand its footprint in India’s power industry, contributing to the sector’s growth while delivering reliable and efficient solutions.

Diffusion Engineers lists at 15% premium at Rs 193.50 on NSE

Aditya Bhagchandani — Fri, 04 Oct 2024 04:32:19 +0000

Diffusion Engineers Limited has made its market debut today, October 4, 2024, with its IPO shares listing at a premium over the issue price. The IPO, which opened for subscription from September 26 to September 30, was offered at an issue price of ₹168 per share. The shares were listed on both the NSE and BSE, opening at a significant premium, much to the delight of investors.

Key Listing Details:

NSE Listing Price: ₹193.50, marking a 15.1% increase over the issue price.
BSE Listing Price: ₹188, an 11.9% rise over the issue price.

This positive listing contrasts with the previous track record of the Lead Manager (LM), which has often seen listings below half of the premium. The shares were estimated to list at around ₹226 per share based on the Grey Market Premium (GMP), suggesting a 34.52% premium to the issue price. However, they opened slightly lower than this expected price, listing at a premium of around 25%.

Financial Performance & Demand

The Diffusion Engineers IPO received robust demand, with the subscription rate exceeding 114 times, indicating strong investor interest. The company’s strong financials have been a key driver for this demand:

The company has experienced a compound annual growth rate (CAGR) of 16.6% in operating income between FY22 and FY24.
Profit after tax (PAT) increased significantly, from ₹170.5 million in FY22 to ₹308.0 million in FY24.

Industry Ranking

Diffusion Engineers stands among the top three industry players in terms of CAGR for operating income, profitability, and EBITDA between FY21 and FY24. The company’s financial performance and growth prospects have been pivotal in driving investor sentiment, leading to the strong listing today.

Diffusion Engineers IPO Last Day: Should you apply? Check GMP, IPO allotment status, listing date, and more

Aditya Bhagchandani — Mon, 30 Sep 2024 03:22:55 +0000

Diffusion Engineers Limited’s IPO is closing today, September 30, 2024, after opening for subscription on September 26. The book-built issue aims to raise ₹158 crores, with 0.94 crore fresh shares being offered. The price band has been set between ₹159 to ₹168 per share, with a minimum lot size of 88 shares. Retail investors would need to invest at least ₹14,784 to apply for the IPO, while Qualified Institutional Buyers (QIBs) are allotted 18,71,000 shares (19.89%), and Non-Institutional Investors (NIIs) can apply for 14,03,250 shares (14.92%). Additionally, 50,000 shares are reserved for employees at a discount of ₹8 per share.

Company Overview
Founded in 1982, Diffusion Engineers Limited is a company specializing in the manufacturing of welding consumables and heavy machinery for core industries. With four manufacturing units in Nagpur, it produces a variety of products, including welding electrodes and wear plates. The company reported a 10% increase in revenue and a significant 39% rise in profit after tax for the fiscal year ending March 31, 2024.

IPO Details and GMP Outlook
The latest Grey Market Premium (GMP) for the IPO is ₹64, suggesting an estimated listing price of ₹232 per share, potentially providing a gain of around 38.10%. Allotment results for the IPO will be finalized on October 1, and the listing is expected to take place on October 4 on both the BSE and NSE.

Investors interested in checking their allotment status can do so from October 1 onwards. They will need to enter their PAN number, application number, or DP Client ID on the designated platform. Shares will be credited to the Demat accounts of successful applicants upon allotment.

Use of Funds
The funds raised from this IPO will be used for multiple purposes:

Expansion of the existing manufacturing facility in Khasra, Maharashtra.
Setting up a new manufacturing facility at MIDC, Hingna, Sonegaon district, Maharashtra.
Working capital requirements.
General corporate purposes.

Should You Apply?
The GMP reflects positive investor sentiment, indicating a potential gain at listing. The company’s strong financials, with increased revenue and profit margins, also suggest stability and growth potential. However, like any IPO, investment decisions should consider market conditions, individual risk appetite, and long-term goals.

Before making your final decision, it’s also helpful to compare Diffusion Engineers with other current IPOs, such as KRN Heat Exchanger, to gauge which investment aligns better with your strategy.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.