Mini Diamonds India Ltd Approves Issuance of Up To 1.11 Crore Warrants to Promoter Group
Mini Diamonds India Ltd has approved the issuance of up to 1,11,00,000 Convertible Warrants through a preferential allotment. The warrants are designated for cash consideration and will be allotted to individuals belonging to the Promoter(s)/Promoter Group.The proposed warrant issue aggregates up to INR 8,88,00,000/- (Indian Rupees Eight Crore and Eighty Eight Lakhs Only). Each warrant is set at an Issue Price of INR 8/-, which includes a premium of INR 6/. These warrants are convertible into one fully paid-up equity share, having a face value of INR 2/-. The tenure for the Warrants has been set for no more than 18 months from the date of allotment, during which warrant holders may exercise their conversion rights in tranches.
The preferential allotment process involves two investors who will receive the warrants. Details regarding the shareholding status of these investors are provided below:
| Investor Category | Pre-Preferential Issue Shareholding (No. of Shares / % of Holding) | Post-Preferential Issue Shareholding (No. of Shares / % of Holding) |
|---|---|---|
| Investor 1 | 10,000 shares / 0.00% | 55,60,000 shares / 2.25% |
| Investor 2 (Promoter Group) | - | 55,50,000 shares / 2.25% |
The issue price for the warrants remains fixed at INR 8/- per warrant, including a premium of INR 6/.
In addition to the warrant issuance, the company's Board of Directors also considered and approved the convening of an Extra-Ordinary General Meeting (EGM). This EGM is scheduled for Friday, August 07, 2026. The meeting aims to seek necessary approval from the members of the Company concerning the aforementioned matters.
Stock Price Movement
As of 11:18, shares of Mini Diamonds India Ltd. are ticking up at ₹6.14, reflecting a positive move of 1.66%. The stock has traded within an intraday range established between the low of ₹6.05 and the high of ₹6.44.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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