Mini Diamonds Secures ₹14 Crore Domestic Order for Lab-Grown Diamonds

Mini Diamonds (India) Ltd has secured a domestic order worth ₹14 crore for the supply of cut and polished lab-grown diamonds, reinforcing its strategy to expand its local market presence. The order was awarded by Kavish Jewels, a Mumbai-based client, on June 15, 2026. This transaction marks a step forward in the company's efforts to broaden its domestic customer network and build sustained business momentum within the Indian lab-grown diamond sector.

The order requires the supply of cut and polished lab-grown diamonds valued at ₹14 crore, with execution to be completed within four months from the date of the order. Payment terms are stipulated at 150 days from the date of completion. The company stated that this engagement reflects its focus on understanding client requirements and delivering quality goods with consistency to foster long-term relationships.

Order Details

The specifics of the transaction were disclosed in a filing submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order is from a domestic entity and that there are no interests held by the promoter group in the client entity. Furthermore, the transaction does not fall under related party transactions. Key details of the order are outlined below:

Parameter:	Details
Client Name:	Kavish Jewels
Order Value:	₹14.00 Crore
Nature of Order:	Supply of Cut and Polished Lab-Grown Diamonds
Execution Period:	Within 4 months from date of order
Payment Terms:	On or before 150 days from order completion
Entity Type:	Domestic

Management Commentary

Shri Upendra Narottamdas Shah, Chairman and Managing Director, highlighted the significance of this order for the company's growth trajectory. He stated that the receipt of the ₹14 crore order reflects the progress of Mini Diamonds (India) Ltd's focused efforts to strengthen its domestic business. Shah emphasized that the company's approach remains centered on delivering quality goods and building long-term relationships to support better sales visibility and sustainable topline growth.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+9.77%	+9.46%	+3.33%	-44.04%	-62.29%	+1,092.31%

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.

Resolution Description	Votes For	Votes Against	% For	% Against
Increase in Authorised Share Capital	44,754,779	25	99.9999	0.0001
Issue of Bonus Shares	44,754,837	17	100	0

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.