Mini Diamonds (India) Ltd has approved the issuance of up to 1,11,00,000 warrants to its promoters on a preferential basis, a move that will raise ₹8.88 crore. The warrants are priced at ₹8 each, comprising a face value of ₹2 and a premium of ₹6, which is approximately 30% higher than the prevailing market price. This capital infusion is subject to shareholder approval and other regulatory consents.

The Board of Directors, in a meeting held on July 09, 2026, sanctioned the allotment to persons belonging to the Promoter and Promoter Group. The warrants are convertible into fully paid-up equity shares within 18 months from the date of allotment. If the warrant holders fail to exercise the conversion right within this tenure, the warrants will lapse and the amount paid will be forfeited.

The proposed allottees include Upendra Narottamdas Shah and Ronish U Shah, who are set to receive 55,50,000 warrants each. Upon full conversion, 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.

To facilitate this issuance, the company will convene an Extra-Ordinary General Meeting (EGM) on Friday, August 07, 2026. The meeting will be held at the company's registered office in Mumbai to seek the necessary approval from members.

The issuance is being 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.

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.