Mini Diamonds (India) Limited (MDIL) has announced a special Mother's Day retail promotion through its wholly owned subsidiary, Namra Jewels Private Limited. The offer is available at Namra Jewels' flagship store located at Atria Mall, Worli, Mumbai, and is valid from May 5, 2026 to May 20, 2026. Customers visiting the store during this period will receive a flat 50% discount on labour and making charges on jewellery purchases.

Mother's Day Retail Promotion at Namra Jewels

The promotion has been designed to mark Mother's Day by encouraging customers to express love and appreciation through fine lab-grown diamond jewellery. The initiative combines occasion-led retail activation with accessible pricing on making charges, aiming to create a meaningful purchase opportunity for customers while enhancing footfalls and visibility at the flagship store.

Key details of the promotion are outlined below:

Management Commentary

Commenting on the announcement, the management of Mini Diamonds (India) Limited stated:

"Mother's Day is a special occasion to celebrate love and appreciation, and through Namra Jewels, we are pleased to offer customers a meaningful in-store benefit. This initiative supports our focus on stronger retail engagement, improved store visibility and deeper connect with the domestic jewellery consumer."

About Mini Diamonds (India) Limited

Mini Diamonds (India) Limited is a public limited company listed on BSE Limited, established in 1987, with a focus on diamond import and export business. The company is internationally recognised for its cut and polished diamonds and jewellery manufacturing. MDIL operates a manufacturing facility in Mumbai equipped with technology including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines.

The company's Mumbai facility also serves as a hub for jewellery manufacturing, integrating diamond processing expertise with professional artisanship. Mini Diamonds (India) Limited operates across both B2B and B2C channels, catering to Indian and international markets with a focus on lab-grown diamond jewellery.

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.

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.

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.