Synopsis: Jewellery Stock rose 2% after announcing the record date for its 1:1 bonus issue. Shareholders will receive one fully paid ₹2 equity share for every share held, at no cost, by capitalizing free reserves or retained earnings. The record date is June 16, 2026, and the deemed allotment date is June 17, 2026.
The shares of a Jewellery company, which specialises in the manufacturing, importing, exporting, and trading of both natural and lab-grown diamonds, as well as studded jewelry, are in focus following the announcement of record date for Bonus Issue.
With a market capitalization of Rs. 167.34 crores in the day’s trade, the shares of Mini Diamonds India Ltd rose upto 2.1 percent, making a high of Rs. 14.46 per share compared to its previous closing price of Rs. 14.15 per share.
What Happened
Mini Diamonds India Ltd, engaged in in the manufacturing, importing, exporting, and trading of both natural and lab-grown diamonds, is in focus following the announcement of record date for Bonus Issue.
The company has previously approved a bonus issue in the ratio of 1:1, which means shareholders will receive 1 additional fully paid equity share of ₹2 each for every 1 share they already hold as on the record date. These bonus shares will be issued at no additional cost to shareholders and will be created by capitalising the company’s free reserves or retained earnings.
The company has now fixed Tuesday, June 16, 2026 as the record date to determine eligible shareholders for this bonus issue. The deemed date of allotment of the bonus shares will be Wednesday, June 17, 2026. For example, if an investor holds 50 shares, they will receive 50 bonus shares, taking their total holding to 100 shares after the bonus issue.
Financials & Others
The company’s revenue rose by 55 percent from Rs. 96.83 crores in March 2025 to Rs. 149.98 crores in March 2026. Meanwhile, Net loss rose from Rs. 2.76 crores to a loss of Rs. 6.18 crores in the same period.
The company has weak profitability with ROCE at 2.62% and ROE at 2.20%, indicating poor returns on capital and equity. It carries very low leverage with a debt-to-equity ratio of 0.05. However, debtor days improved from 161 to 127, showing better collection efficiency and improved working capital management overall.
Mini Diamonds (India) Limited (“MDIL”) is a public limited company listed on BSE Limited, established in the year 1987 with a clear intention to cater to the diamond import and export business, with its clear track record. Today, Mini Diamonds is an internationally well-known company for its cut and polished diamonds and jewellery manufacturing.
MDIL has established a sophisticated manufacturing facility in Mumbai, strategically equipped with cutting-edge technology and state-of-the-art machinery tailored specifically for processing rough diamonds. Within this facility, every facet of the diamond cutting and polishing process is meticulously handled using modern equipment, including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines. among others.
Moreover, MDIL doesn’t limit its expertise solely to diamond processing. The Mumbai facility also serves as a hub for jewellery manufacturing, where professional artisans harness the cutting-edge machinery Available on-site. By integrating their expertise in diamond processing with jewellery manufacturing, MDIL creates a seamless synergy, resulting in exquisite, meticulously crafted pieces that embody both luxury and elegance.
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