Outcome of Board Meeting held today i.e., Thursday, April 23, 2026 - Board has declared 100% bonus issue (1:1) i.e. every share held will receive 1 share of bonus.
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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 of Directors met on Thursday, April 23, 2026, and declared a 100% bonus issue in the ratio of 1:1. This means for every 1 equity share held by an investor, they will receive 1 additional bonus share, effectively doubling their holding at no extra cost. The bonus shares will likely be issued after the record date is fixed by the company. This is a capitalisation of reserves into equity shares, meaning no fresh capital is being raised.
For existing shareholders, the bonus issue increases their share count without any outflow, but the per-share value will likely dilute proportionally. It signals the company's confidence in its financial health and may provide short-term positive sentiment in the market.