Mini Diamonds (India) Limited , a prominent player in the lab-grown diamond industry, has announced a series of significant developments that underscore its growth trajectory and strategic initiatives.

Stock Split to Enhance Liquidity

The Board of Directors of Mini Diamonds has approved a 1:5 stock split, subject to shareholder approval via postal ballot. This move will subdivide each existing equity share with a face value of INR 10.00 into five shares with a face value of INR 2.00 each. The company aims to complete this corporate action within three months, pending necessary approvals.

The rationale behind this decision is to enhance the liquidity of the company's shares and encourage greater participation from small investors by making the stock more affordable. Post-split, the company's authorized share capital will remain unchanged at INR 30.00 crore, but will be divided into 15 crore shares of INR 2.00 each, up from the current 3 crore shares of INR 10.00 each.

Business Update: Accelerating Growth in Lab-Grown Diamonds

Mini Diamonds has reported significant progress in its lab-grown diamond business. The company has been focusing on accelerating sales across both B2B and retail channels, integrating offline stores with a strong online presence.

Key highlights of the business update include:

1. E-commerce Launch: The company launched NamraJewels.com, an e-commerce platform offering BIS hallmarked 14KT and IGI certified lab-grown diamond jewelry.

2. Major Export Order: Secured a USD 2.15 million (approximately INR 18.30 crore) export order for lab-grown cut and polished diamonds from a Hong Kong client, to be executed within three months.

3. Middle East Expansion: Received an order for 1,000 pieces of sterling silver lab-grown diamond jewelry from AV Palace DMCC in Dubai, strengthening its presence in the UAE market.

4. Design Portfolio Expansion: Added 3,750 new styles across gold and sterling silver lab-grown diamond jewelry, broadening its product range.

5. Market Diversification: Reported growing demand in India, UAE, Singapore, and the Far East, supported by strategic partnerships and market-specific initiatives.

Strategic Focus and Outlook

Mini Diamonds is leveraging its vertically integrated model, from rough diamond processing to retail, to maintain control over quality and timelines. The company's strategy focuses on:

• Expanding its design catalogue to address a wider range of aesthetics and price points
• Strengthening B2B partnerships while growing its direct-to-consumer reach
• Utilizing cutting-edge technology in its Mumbai manufacturing facility for diamond processing and jewelry manufacturing

Upendra N. Shah, Chairman and Managing Director of Mini Diamonds, commented on the business update, stating, "Focused execution is converting plans into outcomes. Assured rough supply, a stronger cutting and polishing base, and a deeper design pipeline are improving predictability, quality and speed."

As Mini Diamonds enters the second half of the fiscal year, it remains focused on executing current export commitments, scaling throughput under its supply program, and leveraging the festive season to widen its market reach. The company's multi-pronged approach, combining technological innovation, market expansion, and strategic corporate actions, positions it for continued growth in the evolving lab-grown diamond industry.

Mini Diamonds (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 523373), has announced a significant development that could potentially impact its shareholding structure. The company's Board of Directors is set to convene on September 8, 2025, to deliberate on a proposal for sub-division or split of its existing equity shares.

Key Points of the Announcement

Details of the Proposal

The board meeting will consider changing the face value of the company's equity shares, which currently stands at Rs. 10.00 each. If approved, this move could potentially increase the number of outstanding shares while reducing their individual face value.

Upendra Shah, the Managing Director of Mini Diamonds (India) Limited, stated in the company's filing, "The Board of Directors will consider the proposal of sub-division/ split of existing equity shares of the Company having face value of Rs. 10/- each, fully paid up in such manner, as may be determined by the Board of Directors."

Approval Process

It's important to note that any decision made during this board meeting regarding the share split will be subject to:

1. Approval from the company's members
2. Any necessary regulatory or statutory approvals

Trading Window Closure

In compliance with the Securities and Exchange Board of India (SEBI) regulations and the company's Code of Conduct for Prevention of Insider Trading, Mini Diamonds has announced a closure of the trading window for company securities. This closure affects all designated persons and their immediate relatives as defined under the company's insider trading prevention code.

• Closure Period: From August 19, 2025, until 48 hours after the board meeting concludes on September 8, 2025

Potential Implications

While the specifics of the proposed share split are yet to be determined, such corporate actions are often undertaken to increase the liquidity of a company's shares in the stock market. By reducing the face value and increasing the number of outstanding shares, the stock may become more accessible to a broader range of investors.

Investors and market watchers will be keenly awaiting the outcome of this board meeting, as it could have significant implications for the company's stock price and trading volumes. The company has assured that the results of the board meeting will be promptly communicated to the stock exchange.

Shareholders and potential investors are advised to keep a close eye on official announcements from the company and regulatory bodies for any updates regarding this proposed share split.