Bonus23 Apr 2026, 11:40 am
Mini Diamonds Approves 1:1 Bonus Issue, Cap Hike to ₹50 Cr
AI Summary
Mini Diamonds (India) Limited's board approved a bonus issue of 1 equity share for every 1 held, subject to shareholder approval via postal ballot. The company will increase its authorized share capital from ₹30 crores to ₹50 crores, amending its Memorandum of Association. The bonus issue will be from reserves as of March 31, 2025, with approximately 117,845,580 new equity shares to be issued, totaling ₹23,56,91,160. The record date will be decided after shareholder approval, and bonus shares are expected to be credited by June 21, 2026.
Key Highlights
- Mini Diamonds approves bonus issue of 1:1, pending shareholder approval.
- Authorized share capital to increase from ₹30 Cr to ₹50 Cr.
- Bonus issue totals approximately 117,845,580 equity shares.
- Bonus shares to be issued from reserves as of March 31, 2025.
- Expected bonus share credit by June 21, 2026, subject to approvals.