Mini Diamonds (India) Limited Board Approves 100% Bonus Issue in 1:1 Ratio
Mini Diamonds (India) Limited's board approved a 100% bonus issue (1:1 ratio) and authorized share capital increase from INR 30 crores to INR 50 crores on April 23, 2026. The bonus issue involves 117845580 equity shares worth INR 23,56,91,160/-, to be funded from free reserves of INR 39,19,65,640/- as at March 31, 2025. Both proposals require member approval through postal ballot, with bonus shares expected to be credited by June 21, 2026.
*this image is generated using AI for illustrative purposes only.
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.
Board Resolutions and Key Approvals
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:
| 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 |
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.
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:
| 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 |
The figures are based on audited standalone financial statements for the financial year ended March 31, 2025, ensuring transparency and regulatory compliance.
Regulatory Compliance and Next Steps
The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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, with the company maintaining sufficient financial cushion beyond the required amount for the proposed capitalization.
Historical Stock Returns for Mini Diamonds
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.38% | -14.82% | -3.44% | -39.64% | -44.91% | +1,200.00% |
How will the 100% bonus issue impact Mini Diamonds' stock liquidity and trading volumes in the coming quarters?
What strategic initiatives or expansion plans might Mini Diamonds pursue with the increased authorized capital of INR 50 crores?
Could this bonus issue signal preparation for a larger fundraising round or potential IPO in the near future?
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