Mini Diamonds (India) Ltd

Mini Diamonds (India) Ltd. is up 13.57% to Rs 4.77, extending recent gains and rising 12.77% over the last one week. Mini Diamonds (India) Limited announced it has secured a significant domestic order worth Rs 14.50 Crores from a Mumbai-based client for the supply of cut and polished natural diamonds, with fulfillment expected within 60-90 days and payment due within 150 days of completion. According to Chairman and Managing Director Shri Upendra Shah, the order strengthens the company's relationship with an existing client and reflects its commitment to quality and service, while Mini Diamonds continues to develop its core natural diamond operations alongside its lab-grown diamond and jewellery segments. Trading volume reached 4.16 lakh shares today, a surge of 192.07% compared to the average volume of the last one week. Mini Diamonds (India) Ltd tumbled by 70.43% year-over-year, underperforming the 8.17% loss recorded by the NIFTY50 index.

Mini Diamonds (India) Limited announced that its board of directors approved the re-appointment of Mr. Upendra Narottamdas Shah as Managing Director for a term of 3 years, effective March 1, 2027, to March 1, 2030, subject to shareholder approval at the company’s Annual General Meeting. Mr. Shah, who holds DIN: 00748451, is the father of Ronish U. Shah, an Executive Director of the company, and has over 50 years of experience in the gems and jewellery industry.

Mini Diamonds (India) Limited announced that its board of directors approved the re-appointment of Mr. Upendra Narottamdas Shah as Managing Director for a term of 3 years, effective March 1, 2027, to March 1, 2030, subject to shareholder approval at the company’s Annual General Meeting. Mr. Shah, who holds DIN: 00748451, is the father of Ronish U. Shah, an Executive Director of the company, and has over 50 years of experience in the gems and jewellery industry.

Mini Diamonds (India) Ltd. currently trades at Rs 5.13, after recent declines saw the stock slip 0.97% over the last week. Mini Diamonds (India) Limited announced it has received a significant domestic order worth Rs 14.25 Crores from a Mumbai-based client for the supply of cut and polished lab-grown diamonds, with completion expected within four months. The order, received on August 14, 2026, reflects continued demand for lab-grown diamonds and strengthens the company's relationship with existing customers, according to Chairman and Managing Director Upendra Narottamdas Shah, who noted the company’s focus on consistent quality and customer engagement to capitalize on the expanding market. Trading volume reached 1.24 lakh shares today, a decrease of 63.49% compared to the one-week average volume. Mini Diamonds (India) Ltd. experienced a sharp decline of 68.55% year-over-year, underperforming the 0.91% loss registered by the NIFTY50 index.

Mini Diamonds (India) Limited held an Extra-Ordinary General Meeting (EGM) on Friday, August 07, 2026, at its registered office in Mumbai, where a total of 87 members were present, meeting the requisite quorum, and a resolution was passed to approve the issuance of convertible warrants on a preferential basis to promoters and promoter group members. The company utilized a remote e-voting facility through Purva Sharegistry (India) Private Limited from August 04, 2026, to August 06, 2026, and appointed CS Sandhya Malhotra of M/s. Manish Ghia & Associates as the scrutinizer for the e-voting process and voting at the EGM, with consolidated results to be announced on the BSE Limited and the company's website, www.minidiamonds.net, within two working days.

Mini Diamonds (India) Limited (BSE: 523373) announced financial results for the quarter ended June 30, 2026, reporting revenue from operations increased to Rs 196.41 crore from Rs 151.30 crore in the previous quarter, a 29.71% increase, while profit after tax stood at Rs 2.74 crore compared to -Rs 5.15 crore in Q4 FY26, driven by improved operating performance and growing interest for lab-grown diamonds and geopolitical stability in the Middle East; the company has also proposed to raise up to Rs 8.88 crore through a preferential issue of 1.11 crore share warrants, convertible into one equity share at Rs 8 per warrant, subject to shareholder and regulatory approvals.

Mini Diamonds (India) Limited announced August 3, 2026, the appointment of Mrs. Ayushi Lunia as Company Secretary and Compliance Officer (Key Managerial Personnel), effective August 4, 2026.

Mini Diamonds (India) will hold a meeting of the Board of Directors of the Company on 3 August 2026.

The board of Mini Diamonds (India) at its meeting held on 09 July 2026 has approved the issuance of up to 1,11,00,000 warrants, each convertible into 1 (one) fully paid-up equity share of face value of Rs 2/- each, at a price of Rs 8 per warrant (including a premium of Re 6/- each) per warrant, aggregating up to Rs 8,88,00,000/-, on preferential basis, for cash consideration, to persons belonging to Promoter(s)/Promoter Group.

Mini Diamonds (India) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 7 August 2026.