Mini Diamonds India Ltd — Board Meeting, 15-04-2025: Board Meeting

Mini Diamonds (India) Limited's Board has approved a plan to increase its authorized share capital from ₹24 crore to ₹30 crore and to issue up to 60 lakh convertible equity warrants on a preferential basis. The warrants will be priced at ₹153 each, targeting a total raise of up to ₹91.8 crore. An Extra-Ordinary General Meeting (EGM) is set for May 13, 2025, to obtain shareholder approval for these measures. This move is viewed positively, as it could enhance capital for growth, although it introduces potential dilution of existing shares.