Mini Diamonds Secures $2 Million Export Order for Lab-Grown Diamonds from Singapore

Mini Diamonds (India) Limited , a publicly listed company on the BSE, has announced a significant development in its export business. The company has secured a $2 million export order for lab-grown cut and polished diamonds from Gogreen Diamonds Singapore PTE Ltd, a Singapore-based customer.

Key Details of the Export Order

Aspect	Details
Order Value	$2 million (Approx. INR 17.80 crore)
Customer	Gogreen Diamonds Singapore PTE Ltd
Product	Lab-grown cut and polished diamonds
Completion Time	Within 2 months from the date of order
Payment Terms	On or before 150 days from the date of order completion

Strategic Implications

This order marks a significant step for Mini Diamonds in its efforts to expand its international customer base beyond the United States. The company views this as a validation of its lab-grown diamond strategy and its ability to consistently serve international clients.

Management's Perspective

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

"We see this USD 2 million order from Singapore as a further validation of our lab-grown diamond strategy and our ability to serve international clients consistently. By focusing on quality, delivery reliability, and competitive pricing, we are gradually building a diversified export book across key markets."

Expected Impact

Revenue Contribution: The order is expected to contribute meaningfully to revenues from the lab-grown segment over the coming quarters.
Profitability Improvement: As volumes scale up, the company anticipates an improvement in overall profitability.
Capacity Utilization: Over time, such orders are expected to support healthier capacity utilization.
Product Mix: The company foresees a better product mix as a result of these international 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 has a sophisticated manufacturing facility in Mumbai, equipped with cutting-edge technology for processing rough diamonds and manufacturing jewelry.

This latest order aligns with the company's strategy of increasing its export mix and capitalizing on the growing global demand for lab-grown diamonds. By offering reliable quality and competitive pricing, Mini Diamonds aims to strengthen its position in the international market for lab-grown diamonds.

Investors and market watchers will likely keep a close eye on how this order and similar future deals impact the company's financial performance and market position in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.28%	+0.04%	-1.59%	-28.95%	-26.10%	+5,007.91%

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.