Mini Diamonds (India) Ltd has scheduled an Extra-Ordinary General Meeting (EGM) on Friday, August 07, 2026, to seek shareholder approval for the issuance of 1,11,00,000 warrants to its promoters on a preferential basis. The warrants are priced at ₹8 each, comprising a face value of ₹2 and a premium of ₹6, aggregating to ₹8.88 crore. The company intends to utilize the net proceeds entirely for the expansion of its lab-grown diamond business, including manufacturing capabilities and working capital requirements.

The Board of Directors approved the proposal in a meeting held on July 09, 2026. The issuance is subject to regulatory consents and will be conducted in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. The relevant date for determining the floor price is Wednesday, July 08, 2026, which is 30 days prior to the EGM.

The proposed allottees include Upendra Narottamdas Shah and Ronish U Shah, who are set to receive 55,50,000 warrants each. Upon full conversion of the warrants into equity shares, the shareholding of Upendra Narottamdas Shah will increase to 2.25%, while Ronish U Shah will hold 2.25%. Currently, Upendra Narottamdas Shah holds 0.004243% of the company's equity shares.

The warrants are convertible into fully paid-up equity shares within 18 months from the date of allotment. The warrant holders must pay 25% of the consideration amount at the time of subscription, with the remaining 75% payable upon conversion. If the warrant holders fail to exercise the conversion right within the stipulated tenure, the warrants will lapse and the amount paid will be forfeited.

The EGM will be held at 09:30 a.m. (IST) at the company's registered office in Mumbai. Remote e-voting will commence on August 04, 2026, and conclude on August 06, 2026. The results of the voting will be declared within two working days from the conclusion of the meeting.

Mini Diamonds (India) Ltd has allotted 117,845,580 bonus equity shares in a 1:1 ratio, effectively doubling its paid-up equity share capital. The allotment was approved by the Board of Directors through a circulation resolution passed on Wednesday, June 17, 2026. This corporate action rewards shareholders by issuing one new fully paid-up bonus equity share for every existing share held, based on the record date of June 16, 2026.

The bonus shares carry a face value of INR 2 each and rank pari-passu in all respects with the existing equity shares of the company. The record date for determining eligibility was fixed as Tuesday, June 16, 2026, for members listed in the Register of Members or Register of Beneficial Owners.

Following the allotment, the company's paid-up equity share capital has increased significantly. The table below details the pre and post-allotment capital structure:

The disclosure was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Upendra Narottamdas Shah, Managing Director of Mini Diamonds (India) Limited.