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.

Mini Diamonds (India) Limited (MDIL), a BSE-listed company specializing in lab-grown diamonds, has announced a significant milestone in its international expansion efforts. The company has secured an export order worth USD 2.15 million (approximately INR 18.30 crore) from Jewellery Trendz Limited, a Hong Kong-based client, marking its entry into the Hong Kong market and strengthening its presence in Far East countries.

Order Details

The export order, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, involves supplying lab-grown cut and polished diamonds. Key terms of the order include:

• Delivery completion within 3 months from the order date
• Payment due within 150 days from the order date

Strategic Importance

This development aligns with Mini Diamonds' ongoing efforts to enhance its export revenues and strengthen its presence in international markets. The order not only marks the company's entry into Hong Kong but also opens up opportunities in the wider Far East region, known for its vibrant diamond trade and discerning clientele.

Management's Perspective

Upendra N. Shah, Chairman and Managing Director of Mini Diamonds (India) Limited, commented on the order:

"We are encouraged by the sustained traction and growing acceptance of lab-grown diamonds in global markets. This order from Hong Kong is a positive reflection of the trust our international clients place in the quality and reliability of our products. It aligns with our broader objective of scaling up our exports while systematically diversifying our customer base across geographies."

Shah further emphasized the company's commitment to enhancing production capabilities, adhering to global certification standards, and building long-term relationships with key partners globally.

Company Background

Established in 1987, Mini Diamonds (India) Limited operates a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for diamond processing and jewellery manufacturing. The company serves both Indian and international markets through B2B and B2C channels, focusing on high-quality, cost-effective lab-grown diamonds.

Market Implications

This order reflects the growing global acceptance of lab-grown diamonds and positions Mini Diamonds to capture a larger share of the evolving jewellery landscape in the Far East. As the company continues to expand its international footprint, it aims to set new standards in the lab-grown diamond industry, providing value and beauty to customers globally.

The successful execution of this order could potentially lead to further opportunities in the Hong Kong market and other Far East countries, contributing to Mini Diamonds' export growth and solidifying its presence in premium international markets.