Mini Diamonds (India) Ltd has informed BSE Limited about an upcoming board meeting scheduled for April 23, 2026, where directors will consider and approve the issuance of bonus shares to shareholders.

Board Meeting Details

The company filed its intimation on April 15, 2026, in accordance with Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonus share proposal will be subject to approval from company members and any other required regulatory or statutory approvals.

Trading Window Restrictions

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for Prevention of Insider Trading, Mini Diamonds has implemented trading restrictions for designated persons and their immediate relatives. The trading window closure began on April 01, 2026, continuing from a previous intimation dated March 24, 2026.

The trading restrictions will remain in effect until 48 hours after the company declares its audited financial results for the quarter and financial year ended March 31, 2026. The company has indicated that the specific date for the board meeting to consider these financial results will be communicated separately.

Corporate Information

Mini Diamonds (India) Ltd operates from its registered office at DW-9020 Bharat Diamond Bourse, Bandra Kurla Complex, Bandra-East, Mumbai. The company is incorporated under CIN: L36912MH1987PLC042515, with Managing Director Upendra Narottamdas Shah (DIN: 00748451) signing the regulatory filing.

The bonus issue proposal represents a significant corporate action that could benefit existing shareholders by increasing their shareholding without additional investment, pending the necessary approvals from the board, shareholders, and regulatory authorities.

Mini diamonds (India) Limited has secured a substantial domestic order worth ₹14.00 crores for fancy coloured lab grown polished diamonds, marking a significant business development as the company enters the new financial year. The order was received on April 09, 2026, from Mumbai-based existing client Aura Diamond, representing an expansion into a new product category for the repeat customer.

Order Details and Terms

The comprehensive order encompasses the supply of fancy coloured cut and polished lab grown diamonds, with specific execution and payment terms outlined in the regulatory disclosure.

Strategic Significance

The order holds particular importance as it represents the client's expansion beyond their earlier product segment, moving into fancy coloured lab grown diamonds. This development signals growing market acceptance of Mini Diamonds' lab-grown diamond offerings, supported by consistent quality assurance, transparent specifications and competitive pricing. The transaction deepens the company's engagement with an existing client, demonstrating commercial confidence and the ability to build larger and more diverse business relationships.

Management Commentary

Chairman and Managing Director Upendra Shah emphasized the order's significance as an important start to the new financial year. He highlighted that the order reflects confidence built through consistent quality, competitive pricing and the company's ability to service specialized requirements. Shah noted that strengthening the domestic business remains a key priority in the present global environment, with such orders expected to continue supporting the company's growth and market position in India.

Company Background

Mini Diamonds (India) Limited operates as a BSE-listed public company established in 1987, specializing in diamond import, export, and manufacturing operations. The company maintains a sophisticated manufacturing facility in Mumbai equipped with cutting-edge technology including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines. The facility serves both diamond processing and jewellery manufacturing operations, catering to Indian and international markets through B2B and B2C channels with a focus on high-quality, cost-effective lab-grown diamonds.