Mini Diamonds (India) Limited has secured a significant domestic order worth ₹14 crore from Aura Diamond for the supply of cut and polished lab grown diamonds. The order, received on June 01, 2026, underscores the company's strategy to deepen its presence in the Indian market by focusing on consistent product quality and dependable execution. This development signals continued customer confidence in Mini Diamonds’ ability to meet market requirements for quality and timely supply.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the details of the order. The agreement stipulates that the fulfilment of the order must be completed within four months from the date of the order. Payment for the supply is scheduled to be made on or before 150 days from the date of order completion. The company confirmed that the order is from a domestic entity based in Mumbai and does not involve any interest from the promoter group or fall under related party transactions.

Shri Upendra Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, highlighted the significance of this repeat business. He stated that the order reflects the confidence placed in the company's quality standards, timely execution capabilities, and transparent trade practices. Shah emphasized that the domestic lab-grown diamond market continues to offer meaningful opportunities and that the company remains focused on building a stronger presence through reliable supply and sustained customer relationships.

The following table outlines the key details of the order:

Mini Diamonds (India) Limited, established in 1987, is a listed entity engaged in the manufacturing, marketing, and sales of cut and polished diamonds and jewellery. The company operates a sophisticated manufacturing facility in Mumbai equipped with modern technology for processing rough diamonds and jewellery manufacturing. This recent order aligns with its objective to expand its customer base and strengthen its domestic business operations.

Mini Diamonds (India) Limited reported a consolidated net profit of ₹106.38 lakh for the financial year ended March 31, 2026, while the standalone net profit stood at ₹160.46 lakh. For the quarter ended March 31, 2026, the company recorded a consolidated net loss of ₹617.74 lakh, compared to a net profit of ₹329.92 lakh in the same period last year. The Board of Directors approved the audited financial results for the standalone and consolidated entities for the quarter and financial year ended March 31, 2026, during a meeting held on May 29, 2026.

The company’s total consolidated income for FY26 rose to ₹56,772.13 lakh from ₹40,602.06 lakh in the previous year. For the quarter ended March 31, 2026, total income was ₹15,009.49 lakh. Total expenses for the financial year increased to ₹56,603.34 lakh. The statutory auditors, M/s. Mittal and Associates, issued an unmodified opinion on the financial results.

Financial Performance

The standalone financial results for FY26 showed a total income of ₹56,835.33 lakh and a net profit of ₹160.46 lakh. In the fourth quarter, the standalone net loss was ₹514.61 lakh. The company’s earnings per share (EPS) for the consolidated results for FY26 was ₹0.09, while for the quarter ended March 31, 2026, it was a negative ₹0.52.

Corporate Actions

The Board approved an increase in the authorised share capital from ₹30 crore to ₹50 crore. Additionally, the Board approved the issuance of bonus shares in a 1:1 ratio, subject to the approval of members through a postal ballot. The record date for the bonus issue will be announced later.

Auditor Observations

The Independent Auditor’s Report noted that the company is irregular in the payment of Direct Taxes and Tax Deducted at Source. Some foreign debtors are subject to realization and balance confirmation. The auditors also stated that the provisions of gratuity are not applicable as the number of employees is below the prescribed threshold limit.