Bonus23 Apr 2026, 11:43 am
Mini Diamonds: Bonus Issue 1:1, Share Capital Increase
AI Summary
Mini Diamonds (India) Limited announced an amendment to its Memorandum of Association, increasing the authorized share capital from ₹30 crores to ₹50 crores. The board approved the issuance of bonus equity shares in a 1:1 ratio, subject to member approval via postal ballot. The bonus shares will be issued from reserves and surplus as of March 31, 2025. The company plans to credit/dispatch bonus shares within two months of board approval, by June 21, 2026.
Key Highlights
- Mini Diamonds increases authorized share capital from ₹30 Cr to ₹50 Cr.
- Company announces 1:1 bonus issue, one bonus share for each existing share.
- Bonus issue totals 117,845,580 equity shares, amounting to ₹23,56,91,160.
- Record date for bonus issue to be decided post member approval.
- Bonus shares will be issued from reserves and surplus available as of March 31, 2025.