Submission of the 38th Annual Report pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Mini Diamonds (India) Limited has submitted its 38th Annual Report for the financial year ended March 31, 2025, to BSE as required under SEBI's listing rules. The 38th Annual General Meeting is scheduled for September 30, 2025, to be held via video conferencing. Key items on the AGM agenda include increasing the company's borrowing limit to ₹100 Crores, approving inter-corporate loans of ₹30 Crores to two companies where directors are interested (Pyramid Gold Assaying and Namra Jewels, ₹15 Crores each), re-appointing the Managing Director and Executive Director with remuneration up to ₹50 Lakhs per annum, and re-appointing an Independent Director for a second 5-year term. The company is also proposing to enhance its investment and lending limits under Section 186 from ₹75 Crores to ₹100 Crores.
The proposals suggest management is seeking greater financial flexibility, including higher borrowing power (₹100 Crores) and capacity to lend up to ₹30 Crores to related entities. Shareholders should review the financial performance details in the annual report before the AGM on September 30, 2025, particularly regarding the inter-corporate loans to director-interested companies.