Announced Thu, 9 Jul · 11:13 IST
Board approves 1.11 crore warrants to promoters at 30% premium
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹6.10
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.0-1.1-1.6-1.6-1.8-10.5————
Up moveDown movePending
AI summary
Mini Diamonds India's board approved issuing up to 1.11 crore convertible warrants on a preferential basis to promoters Upendra Shah (MD) and Ronish Shah, at INR 8 per warrant (30% above market), aggregating INR 8.88 crore. Each warrant converts into one equity share of face value INR 2 within 18 months. An EGM is scheduled for August 07, 2026, for shareholder approval.
Likely market impact
Promoters reinforcing stake signals confidence, but conversion within 18 months may dilute existing shareholders by around 4.5%.