Mini Diamonds India Ltd Announces 1:1 Bonus Issue and Increase in Authorized Share Capital
Mini Diamonds India Ltd announced major corporate actions following its Board of Directors meeting held on April 23, 2026. The Board approved both an increase in the company’s authorized share capital and the issuance of a 1:1 bonus equity share to its members.During the board meeting, the company considered and approved two primary corporate actions. First, the company’s Authorized Share Capital is proposed to increase from INR 30 crores to INR 50 crores. This change necessitates an amendment to the Capital Clause (Clause 5) of the company's Memorandum of Association, subject to member approval through Postal Ballot.
The second action is the issuance of bonus equity shares. The bonus is declared in the ratio of 1:1, meaning every existing equity share will receive one bonus share. Each bonus share carries a face value of INR 2 (Rupees Two only) and is fully paid-up.
The records for the bonus share issuance, which are designed to be issued out of Reserves and Surplus available as of March 31, 2025, will be determined following the approval of the company's members.
Financial Structure Impact of Bonus Issue
The bonus issue significantly alters the company’s capital structure. The following table details the share capital before and after the proposed bonus issue, as well as the financial backing for the action:| Particulars | Pre-Bonus Issue Details | Post-Bonus Issue Details |
|---|---|---|
| Authorized Capital | INR 30,00,00,000/- (Divided into 150,000,000 equity shares of INR 2/- each) | INR 50,00,00,000/- (Divided into 250,000,000 equity shares of INR 2/- each) |
| Issued, Subscribed and Paid-up Capital | INR 23,56,91,160/- (Divided into 117,845,580 equity shares of INR 2/- each) | INR 47,13,82,320/- (Divided into 235,691,160 equity shares of INR 2/- each) |
| Bonus Shares Proposed | N/A | 117,845,580 equity shares of INR 2/- each, amounting to INR 23,56,91,160/- |
| Source of Funds | N/A | Issued out of Reserves and Surplus as at March 31, 2025 |
| Available Free Reserves | N/A | Free reserves of INR 39,19,65,640/- as at March 31, 2025 |
The board confirmed that the detailed figures used for this process are based on the Audited Standalone Financial Statements of the company for the financial year ended March 31, 2025. The estimated date for the bonus shares to be credited or dispatched is on or before June 21, 2026, subject to necessary approvals.
Stock Price Movement
As of 11:35, Mini Diamonds India Ltd shares are ticking up to ₹17.70, representing a gain of 0.97% today. The stock has seen active movement in its trading session, fluctuating throughout the day between a low of ₹17.25 and a high of ₹17.74.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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