Newspaper Advertisement of Notice of Extra-Ordinary General Meeting of the company
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Mini Diamonds India Ltd has published a notice in newspapers about an Extra-Ordinary General Meeting (EGM) of its members. The notice appeared on April 23, 2025 in Nav Shakti (Marathi) and The Free Press Journal (English). The EGM is scheduled for Tuesday, May 13, 2025 at 11:00 AM and will be conducted through video conferencing / other audio-visual means, with NSDL providing remote e-voting facilities. The EGM will consider two key business items: (1) increasing the company's authorized share capital and amending the capital clause of the Memorandum of Association, and (2) issuing convertible equity warrants on a preferential basis to proposed allottees for cash consideration. Remote e-voting will be open from Saturday, May 10, 2025 at 9:00 AM to Monday, May 12, 2025 at 5:00 PM.
Shareholders should take note as the EGM agenda includes a preferential issue of convertible warrants, which may result in dilution of existing holdings. The proposed increase in authorized share capital signals the company is preparing to raise fresh capital.