Mini Diamonds

Mini Diamonds (India) Limited has dispatched a postal ballot notice to shareholders seeking approval for a stock split proposal. The company proposes to subdivide each existing equity share with face value of INR 10 into 5 shares of INR 2 each. The e-voting period runs from October 4, 2025 to November 2, 2025, with September 26, 2025 as the cut-off date for voting eligibility. The postal ballot includes two resolutions: approval of the equity share subdivision and consequential amendment to the company's Memorandum of Association capital clause. After the split, the authorized capital will remain INR 30 crores but will be divided into 15 crore shares of INR 2 each instead of 3 crore shares of INR 10 each. The Board believes the split will enhance share liquidity and make shares more affordable for small investors. CS Sandhya R. Malhotra has been appointed as scrutinizer for the e-voting process.

Mini Diamonds (India) Limited announced its in-house jewellery design portfolio has surpassed 5,000 exclusive designs, marking progress in their value-chain integration strategy for lab-grown diamond jewellery. The designs span rings, earrings, pendants, bracelets, and bridal sets, developed by skilled designers based on trend research, client feedback, and market analytics for domestic and overseas markets. The expanded design library enables faster sampling and prototyping cycles, improved production handoffs, and precise material planning through standardized specifications. The company will showcase select creations at an exhibition in Ahmedabad on September 23-24, 2025, through its subsidiary Namra Jewels Pvt Ltd. Chairman and Managing Director Upendra N. Shah stated this milestone enables faster translation of market signals into commercially ready collections while maintaining quality and cost discipline as the company advances full value-chain integration from growing lab-grown rough diamonds to cutting, polishing and finished jewellery.

Mini Diamonds (India) Limited's Board of Directors approved a 1:5 stock split on September 8, 2025, subdividing each INR 10 equity share into five INR 2 shares, subject to shareholder approval via postal ballot. The company will also alter its Memorandum of Association to reflect this capital structure change. The corporate action is expected to complete within 3 months and aims to enhance liquidity and encourage small investor participation by making shares more affordable. Additionally, the company provided a business update for FY 2025-26, highlighting accelerated sales of lab-grown diamonds across B2B and retail channels. Key developments include the launch of e-commerce platform NamraJewels.com in August 2025, securing a USD 2.15 million export order from Hong Kong for lab-grown diamonds, and expanding their design portfolio by 3,750 new styles. The company reported strengthening presence in India, UAE, and Singapore markets, with an order for 1,000 pieces from AV Palace DMCC in Dubai. Mini Diamonds operates manufacturing facilities in Mumbai with cutting-edge technology for diamond processing and jewellery manufacturing.