Mini Diamonds (India) Limited has informed the Exchange regarding the amendment to Memorandum of Association of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.8 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mini Diamonds India Ltd's Board has approved a 100% bonus issue in a 1:1 ratio, meaning every shareholder will receive 1 bonus share for every share held. The company will issue approximately 11.78 crore bonus shares of Rs 2 each (worth Rs 23.57 crore) from free reserves of Rs 39.20 crore as of March 31, 2025. The authorised share capital will increase from Rs 30 crore to Rs 50 crore. Both proposals are subject to shareholder approval via Postal Ballot. The record date for determining eligible shareholders will be announced after shareholder approval, and bonus shares are expected to be dispatched by June 21, 2026.
This bonus issue doubles the number of shares outstanding while keeping the face value at Rs 2, effectively halving the cost per share for new investors. It rewards existing shareholders with additional equity at no cost, potentially improving liquidity but may create short-term price pressure due to increased supply.