Mini Diamonds (India) Limited has informed the Exchange that the Board of Directors at its meeting held today i.e., Thursday, April 23, 2026, have considered and approved Bonus Issue at ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mini Diamonds India Ltd's Board has approved a 100% bonus issue in the ratio of 1:1, meaning shareholders will receive 1 bonus share for every 1 share held. Approximately 11.78 crore new equity shares of INR 2 each will be issued, totaling about INR 23.57 crore in bonus capital. The company's paid-up capital will double from INR 23.57 crore to INR 47.14 crore after the issue. The bonus will be funded from free reserves of INR 39.20 crore available as of March 31, 2025. The record date for determining eligible shareholders will be announced after member approval via postal ballot, with shares expected to be credited by June 21, 2026.
Existing shareholders will see their shareholding double at no cost, which typically signals management confidence. The increased liquidity from more shares outstanding could attract more retail participation, though per-share metrics will halve.