Mini Diamonds (India) Limited , a prominent player in the diamond industry, has announced a proposal for a 1:5 stock split, subject to shareholder approval. The company's board of directors has initiated a postal ballot process to seek consent for this significant corporate action.

Stock Split Details

The proposed stock split would 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. This move is aimed at enhancing the liquidity of the company's shares and making them more accessible to a broader range of investors, particularly small investors.

Voting Process

Shareholders will have the opportunity to vote on this proposal through an e-voting process. The voting period is scheduled to run from October 4, 2025, to November 2, 2025. The cut-off date for determining voting eligibility has been set as September 26, 2025.

Key Resolutions

The postal ballot includes two primary resolutions:

1. Approval of the equity share subdivision
2. Consequential amendment to the company's Memorandum of Association capital clause

Impact on Share Capital

If approved, the stock split will not alter the company's total authorized capital of INR 30.00 crores. However, it will result in a change in the number of shares:

Management's Perspective

The Board of Directors believes that this stock split will enhance share liquidity and make the company's shares more affordable for small investors. This move is seen as a step towards broadening the company's investor base and potentially increasing market participation.

Scrutinizer Appointment

CS Sandhya R. Malhotra, Partner of M/s. Manish Ghia & Associates, Company Secretaries, has been appointed as the scrutinizer to oversee the e-voting process and ensure its fairness and transparency.

Next Steps

Shareholders are encouraged to participate in the e-voting process to voice their opinion on this significant corporate action. The results of the postal ballot will be announced within two working days from the conclusion of the e-voting period.

Mini Diamonds (India) Limited's proposed stock split reflects the company's focus on enhancing shareholder value and improving stock liquidity. This move could potentially position the company for increased market attention and investor participation.

Mini Diamonds (India) Limited (MDIL), a prominent player in the lab-grown diamond jewellery industry, has announced a significant milestone in its value-chain integration strategy. The company's in-house jewellery design portfolio has surpassed 5,000 exclusive designs, marking a substantial achievement in its journey towards full value-chain integration.

Diverse Design Portfolio

The extensive design library encompasses a wide range of jewellery pieces, including rings, earrings, pendants, bracelets, and bridal sets. These designs have been meticulously crafted by MDIL's team of skilled and experienced designers, who draw inspiration from current market trends, client feedback, and comprehensive market analytics for both domestic and international markets.

Enhanced Operational Efficiency

This expanded design repository brings several operational benefits to MDIL:

• Faster Sampling and Prototyping: The extensive library of ready-to-manufacture CAD/CAM assets allows for quicker sampling and prototyping cycles.
• Improved Production Handoffs: The standardized specifications facilitate smoother transitions from design to production.
• Precise Material Planning: Detailed design specifications enable more accurate material planning and inventory management.

Upcoming Exhibition

MDIL plans to showcase select creations from its expanded portfolio at an upscale exhibition in Ahmedabad on September 23-24, 2025. The exhibition will be conducted through its fully owned subsidiary, Namra Jewels Pvt Ltd, offering a glimpse into the company's design prowess and craftsmanship.

Management's Perspective

Upendra N. Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, commented on this achievement: "Crossing 5,000 in-house designs is a meaningful capability milestone for MDIL, enabling faster translation of market signals into commercially ready collections while maintaining quality and cost discipline. As we advance full value-chain integration from growing lab-grown rough to cutting & polishing and finished jewellery, we are better positioned to serve domestic and overseas demand with greater reliability."

Strategic Implications

This milestone is expected to strengthen MDIL's position in the lab-grown diamond jewellery market:

1. Market Responsiveness: The extensive design library allows MDIL to swiftly adapt to changing market preferences and regional tastes.
2. Quality Consistency: Standardized specifications across the design portfolio ensure consistent quality in production.
3. Customization Capabilities: The company can now offer faster turnaround times for customized designs, catering to specific client needs.
4. Seasonal Readiness: With a broader selection and pre-season order capabilities, MDIL is well-prepared to meet festive demand and optimize pricing strategies.

As Mini Diamonds (India) Limited continues to advance its full value-chain integration strategy, this design milestone positions the company to better serve both domestic and international markets with enhanced reliability and efficiency in the competitive lab-grown diamond jewellery sector.