Pursuant to Regulation 30 and other applicable provisions, if any, of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, ("SEBI ....
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Mini Diamonds (India) Limited has sent out a Postal Ballot notice to its members seeking approval via remote e-voting for two ordinary resolutions. The first resolution is to sub-divide (split) each equity share of face value ₹10 into 5 equity shares of face value ₹2 each. The second resolution is a consequential amendment to Clause 5 (Capital Clause) of the Memorandum of Association to reflect the new face value. Post-split, the authorized share capital will remain ₹30 crore but divided into 15,00,00,000 shares of ₹2 each, and the issued/subscribed paid-up capital of 2,35,69,116 shares will become 11,78,45,580 shares. E-voting runs from October 04, 2025 (9:00 a.m.) to November 02, 2025 (5:00 p.m.), with September 26, 2025 as the cut-off date. The Board stated the split is intended to enhance liquidity and make shares more affordable for small investors; total share capital value will not change.
If approved, each existing share of ₹10 will be replaced by 5 shares of ₹2, reducing the per-share price proportionally and potentially improving liquidity and retail participation. Shareholders do not need to take any action — for demat holdings, split shares will be credited automatically, while physical holders will have their old certificates deemed cancelled and new shares credited to a demat suspense account.