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:

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.

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.