Notice of Postal Ballot dated April 23, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mini Diamonds India Ltd is seeking shareholder approval via postal ballot for two resolutions. First, the company proposes to increase its Authorised Share Capital from INR 30 Crores to INR 50 Crores by creating 10 Crores additional equity shares of INR 2 each, requiring amendment to the Memorandum of Association. Second, the company proposes to issue bonus shares in a 1:1 ratio, meaning shareholders will receive 1 new equity share for every 1 share held, by capitalising up to INR 23.57 Crores from Reserves and Surplus. The bonus shares will be issued in dematerialised form only and must be implemented within 2 months of Board approval. Voting period runs from May 1, 2026 to May 30, 2026, with results announced by June 2, 2026.
Positive for shareholders: the 1:1 bonus issue effectively doubles the number of shares held by each investor at no cost, while the increased authorised capital provides flexibility for future capital raises. Existing shareholders should carefully review and participate in the e-voting process.