Mini Diamonds India Ltd — Updates, 16-04-2025: Company Update

Mini Diamonds (India) Limited's Board has announced a meeting outcome, approving an increase in authorized share capital from ₹24 Cr to ₹30 Cr. This requires shareholder approval. Additionally, the company plans to issue up to 60 Lakh convertible equity warrants at ₹153 each, potentially raising ₹91.8 Cr, also subject to shareholder and regulatory consent. An Extraordinary General Meeting (EGM) is set for May 13, 2025, to approve these matters. This strategy could enhance liquidity and support expansion efforts, potentially creating a positive outlook among investors, despite the associated dilution risks.