Mini Diamonds (India) Limited has informed the Exchange that the Board of Directors at its meeting held on September 08, 2025, has considered and approved sub-division/split of equity shares ....
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The Board of Directors of Mini Diamonds (India) Limited, at its meeting on September 08, 2025, approved a sub-division (stock split) of equity shares in the ratio of 1:5. Each existing equity share with a face value of INR 10 will be split into 5 equity shares with a face value of INR 2 each. Paid-up share count will rise from about 2.36 crore shares to roughly 11.78 crore shares, while total share capital stays at about INR 23.57 crore. The change in the Capital Clause of the Memorandum of Association was also approved. The split is subject to shareholder approval via Postal Ballot, and the record date will be announced later. The company expects to complete the corporate action within 3 months. Stated rationale is to improve liquidity and make shares more affordable for small investors.
Stock splits generally boost retail participation and trading liquidity, but do not change the underlying value of the company. Shareholders will automatically hold 5 times more shares at one-fifth the price, with no change in total investment value.