Mini Diamonds (India) Limited Board Approves 100% Bonus Issue in 1:1 Ratio
Mini Diamonds (India) Limited announced a 100% bonus issue in 1:1 ratio, distributing 117845580 equity shares worth INR 23,56,91,160/- to existing shareholders. The board also approved increasing authorized capital from INR 30 crores to INR 50 crores, with implementation expected by June 21, 2026, subject to member approval through postal ballot.
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Mini Diamonds (India) Limited has announced a major corporate restructuring with its board of directors approving a 100% bonus issue and authorized capital increase during a meeting held on April 23, 2026. The decisions represent significant value enhancement initiatives for existing shareholders and were communicated to BSE Limited under Regulation 30 of SEBI Listing Regulations.
Board Resolutions and Regulatory Compliance
The board meeting, which commenced at 10:30 a.m. (IST) and concluded at 11:25 a.m. (IST), approved two major resolutions subject to member approval through postal ballot. The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
| Resolution: | Details |
|---|---|
| Bonus Issue Ratio: | 1:1 (100% bonus) |
| Authorized Capital Increase: | From INR 30 crores to INR 50 crores |
| Share Face Value: | INR 2/- per equity share |
| Member Approval Method: | Postal Ballot |
| BSE Scrip Code: | 523373 |
Bonus Issue Structure and Financial Impact
The bonus issue will distribute 117845580 equity shares of INR 2/- each, representing a total value of INR 23,56,91,160/-. The company will utilize its free reserves for this capitalization, with substantial reserves available to support the initiative. Every existing shareholder will receive one bonus share for every share held.
Share Capital Transformation
Pre-Bonus Issue Capital Structure:
- Authorized Capital: INR 30,00,00,000/- divided into 150000000 equity shares of INR 2/- each
- Issued, Subscribed and Paid-up Capital: INR 23,56,91,160/- divided into 117845580 equity shares of INR 2/- each
Post-Bonus Issue Capital Structure:
- Authorized Capital: INR 50,00,00,000/- divided into 250000000 equity shares of INR 2/- each
- Issued, Subscribed and Paid-up Capital: INR 47,13,82,320/- divided into 235691160 equity shares of INR 2/- each
Financial Reserves and Implementation Timeline
The company maintains robust financial reserves to support the bonus issue implementation, with figures based on audited standalone financial statements for the financial year ended March 31, 2025.
| Financial Parameter: | Amount |
|---|---|
| Required Reserves for Bonus: | INR 23,56,91,160/- |
| Available Free Reserves: | INR 39,19,65,640/- (as at March 31, 2025) |
| Implementation Timeline: | Within 2 months of board approval |
| Expected Credit Date: | On or before June 21, 2026 |
Memorandum Amendment and Next Steps
The authorized capital increase requires amendment to Capital Clause (Clause 5) of the Memorandum of Association. The revised clause will read: "The Share Capital of the Company is INR 50,00,00,000/- (Indian Rupees Fifty Crores only), divided into 250000000 (Twenty Five Crores) equity shares of INR 2/- (Indian Rupees Two only) each."
The company will proceed with postal ballot procedures to obtain member approval for both the bonus issue and authorized capital increase. The record date for the bonus issue will be determined following member approval. The bonus shares will be issued from reserves and surplus available as at March 31, 2025, ensuring regulatory compliance and maintaining sufficient financial cushion beyond the required amount.
Historical Stock Returns for Mini Diamonds
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | +0.20% | -16.27% | -46.22% | -59.19% | +1,025.37% |
How might the 100% bonus issue impact Mini Diamonds' stock liquidity and trading volumes in the coming quarters?
What strategic initiatives or expansion plans could Mini Diamonds be preparing for with the increased authorized capital from INR 30 crores to INR 50 crores?
Will this corporate restructuring trigger any changes in Mini Diamonds' dividend policy or earnings per share guidance for FY2027?
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