Receipt of domestic order for lab grown polished diamonds amounting to INR 12 Crores
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Mini Diamonds India Ltd has received a domestic order worth INR 12 Crores from Mumbai-based Saharsh Exports for the supply of lab-grown polished diamonds. The order is to be executed within 4 months, with payment due within 150 days of order completion. The company states this supports scaling volumes across B2B and B2C channels in India and reinforces its presence in the growing lab-grown diamond segment. Management highlighted that the order validates the company's ability to deliver on quality, assortment, and timelines at scale. The order is not a related party transaction and the promoter group has no interest in the awarding entity.
Positive near-term signal — a INR 12 Crore domestic order provides visible revenue over the next 4 months and strengthens the company's position in the fast-growing lab-grown diamond segment. Shareholders may view this as a vote of confidence in demand, though execution and collection within the 150-day payment window remain key things to watch.