Mini Diamonds (India) Limited has fixed Tuesday, June 16, 2026, as the record date for the issuance of bonus equity shares in the ratio of 1:1. The allotment of these shares is deemed to occur on Wednesday, June 17, 2026, pursuant to a SEBI circular dated September 16, 2024. Shareholders approved the issuance of one fully paid-up bonus equity share of ₹2 each for every one existing equity share of ₹2 each held, along with an increase in authorised share capital, through a postal ballot process that concluded on May 30, 2026.

The postal ballot, conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, received overwhelming approval. A total of 9,708 shareholders were eligible to vote as of the earlier record date of April 24, 2026. Both resolutions regarding the capital increase and bonus issuance were passed with over 99.99% of votes in favour.

Voting Results

The remote e-voting was scrutinized by CS Sandhya R. Malhotra of M/s. Manish Ghia & Associates. Public non-institutional shareholders accounted for the majority of votes polled.

Procedural Details

The company dispatched the postal ballot notice electronically on April 29, 2026. Advertisements were published in The Free Press Journal and Nav Shakti on April 30, 2026. The e-voting module was provided by National Securities Depository Limited (NSDL). The scrutinizer confirmed that the votes cast in favour exceeded those against for both resolutions.

Mini Diamonds (India) Limited has announced a franchise expansion plan for its wholly owned subsidiary, Namra Jewels Private Limited, under the Franchise Owned Franchise Operated (FOFO) model. This strategic move aims to strengthen the retail presence of Namra Jewels across key cities in India, capitalizing on the growing consumer interest in lab-grown diamond jewellery. The expansion is designed to build trust, visibility, and long-term brand value while creating a wider offline network for customers seeking modern and affordable jewellery.

Under the proposed model, Namra Jewels will offer franchise opportunities at a nominal fee of ₹5 lakhs. The estimated investment required is expected to remain under ₹2 crore for Tier 1 cities and below ₹1.5 crore for Tier 2 cities. These costs will vary depending on location, store size, interiors, inventory planning, and other commercial factors. The management stated that the FOFO model allows for asset-light expansion while providing business opportunities for partners in Tier 1 and Tier 2 cities.

The decision to roll out the franchise model follows a detailed evaluation of market trends, specifically the rising acceptance of affordable, design-led, and responsibly created diamond jewellery among new-age consumers. Through this initiative, Namra Jewels intends to support higher sales visibility, better brand recall, and improved market penetration for the company's jewellery business.

Mini Diamonds (India) Limited is a public limited company listed on BSE Limited, established in 1987. The company is internationally recognized for its cut and polished diamonds and jewellery manufacturing capabilities. It operates a sophisticated manufacturing facility in Mumbai, equipped with advanced technology such as Sarin Technology, Auto Bruiting Machines, and Semi-Automatic Polishing Mills to ensure precision and quality in diamond processing.