The Board at its meeting held today i.e, September 08, 2025 approved the amendment to Memorandum of Association of the Company.
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On September 8, 2025, the Board of Directors of Mini Diamonds India Ltd approved a sub-division/split of equity shares in the ratio of 1:5. Each equity share of face value ₹10 will be split into 5 equity shares of face value ₹2 each. The company said the rationale is to enhance liquidity and make shares more affordable for small investors. Post-split, authorised share capital will be 15,00,00,000 shares of ₹2 each, and paid-up capital will rise to 11,78,45,580 shares of ₹2 each from the current 2,35,69,116 shares of ₹10 each. The Board also approved amending the Capital Clause (Clause 5) of the MOA to reflect the new face value. The stock split and MOA amendment are subject to shareholder approval via Postal Ballot, and the record date will be decided after that. The entire corporate action is expected to be completed within 3 months.
The split reduces the price per share roughly to one-fifth, which should improve liquidity and attract more retail participation. The total value of each shareholder's holding remains unchanged, and the move is typically viewed as a positive, confidence-building signal by the market.