Mini Diamonds India Ltd recommends 1:1 bonus issue

The Board of Directors of Mini Diamonds (India) Limited at their Meeting held on Thursday, April 23, 2026, has considered and approved the increase in Authorised Share Capital of the Company from INR 30 crores to INR 50 crores and corresponding amendment to Capital Clause (Clause 5) of the Memorandum of Association of the Company, subject to the approval of members of the Company through Postal Ballot.

The board approved issue of bonus equity shares in the ratio of 1:1 i.e., 1 (One) bonus equity share of INR 2/- (Rupees Two only) each for every 1 (One) equity share of INR 2/- (Rupees Two only) each fully paid-up, held by the members of the Company as on the record date, subject to the approval of members through Postal Ballot.

The Record Date for issue of bonus equity shares shall be decided post approval of the members of the Company.

Source : Equity Bulls

Keywords

MiniDiamondsIndia BonusIssue 1For1