Mini Diamonds (India) Limited Shareholders Approve Share Split and MOA Amendment

Mini Diamonds (India) Limited , a prominent player in the diamond industry, has successfully concluded its postal ballot, revealing overwhelming shareholder support for two significant corporate actions. The voting, conducted through remote e-voting from October 4 to November 2, 2025, saw the approval of a share split and subsequent amendment to the company's Memorandum of Association (MOA).

Voting Results

The results of the postal ballot, as scrutinized by CS Sandhya R. Malhotra of M/s. Manish Ghia & Associates, show strong shareholder backing for both resolutions:

Resolution	Votes in Favor	Votes Against	% in Favor
Approval for sub-division/split of equity shares	289,823	120	99.96%
Approval for alteration of capital clause in MOA	289,823	120	99.96%

Voting Process and Participation

The e-voting was facilitated through the National Securities Depository Limited (NSDL) platform. Out of the company's 23,569,116 total shares:

289,943 votes were polled, representing about 1.23% of the total shares.
Promoter and Promoter Group participation was notable, with 269,816 votes cast out of their 1,153,260 shares (23.40% of their holding).
Public Non-Institutions cast 20,127 votes out of their 22,415,856 shares.

It's worth noting that 261,966 votes from the Promoter and Promoter Group category were declared invalid.

Implications of the Resolutions

The approval of these resolutions paves the way for Mini Diamonds (India) Limited to proceed with the share split, a move that typically aims to increase stock liquidity and make shares more accessible to a broader range of investors. The corresponding amendment to the MOA ensures that the company's foundational document reflects this change in its capital structure.

Company Background

Mini Diamonds (India) Limited, established in 1987 and listed on the BSE, has evolved into an internationally recognized entity in the cut and polished diamonds and jewelry manufacturing sectors. The company operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for diamond processing and jewelry production.

Recent Business Development

In a separate announcement, Mini Diamonds (India) Limited disclosed the receipt of an export order valued at USD 18,00,000 (approximately INR 16.02 crore) for lab-grown cut and polished diamonds from a Hong Kong-based client. This order underscores the company's growing presence in international markets, particularly in the expanding lab-grown diamond segment.

Upendra N. Shah, Chairman and Managing Director, commented on this development: "This order reflects confidence in our improving quality and on-time execution. Our overseas reach is expanding, especially in the Far East, and we will continue to scale capacity and broaden our customer base in line with demand."

As Mini Diamonds (India) Limited moves forward with its share split and capitalizes on growing international demand, particularly in lab-grown diamonds, investors and market watchers will be keen to observe how these strategic moves impact the company's market position and financial performance in the coming months.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.90%	+0.83%	+2.36%	-18.21%	-28.89%	+6,861.72%

Mini Diamonds (India) Limited , a prominent player in the diamond industry, has announced a significant milestone in its international expansion efforts. The company has secured an export order worth USD 18,00,000 (approximately INR 16.02 crore) for lab-grown cut and polished diamonds from a key client in Hong Kong.

Order Details

Aspect	Details
Order Value	USD 18,00,000 (~ INR 16.02 crore)
Client Location	Hong Kong
Delivery Timeline	Within 3 months
Payment Terms	Due within 150 days
Product	Lab-grown cut and polished diamonds

Strategic Implications

This order marks a significant step for Mini Diamonds in its pursuit of enhancing export revenues and strengthening its presence in international markets. The company's Chairman and Managing Director, Upendra N. Shah, highlighted that this development reflects the rising global demand for lab-grown diamonds and demonstrates confidence in the company's improving quality and execution capabilities.

Expanding Global Reach

Mini Diamonds has been actively expanding its overseas reach, with a particular focus on the Far East region. The company reports:

Stronger traction and repeat orders from the Far East
Dedicated sales coverage and regional partnerships
A deeper pipeline of potential orders

Company Background

Mini Diamonds (India) Limited, established in 1987, has evolved from a diamond import and export business to an internationally recognized company for cut and polished diamonds and jewelry manufacturing. The company operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for diamond processing and jewelry manufacturing.

Market Outlook

The receipt of this substantial order suggests a positive outlook for the lab-grown diamond market. As global demand continues to rise, companies like Mini Diamonds that focus on quality, timely execution, and international expansion are well-positioned to capitalize on these opportunities.

This development not only highlights Mini Diamonds' growing presence in the international market but also underscores the increasing acceptance and demand for lab-grown diamonds in the global jewelry industry.