Mini Diamonds India Ltd — Updates, 12-05-2025: Company Update

Mini Diamonds (India) Limited has published a corrigendum updating the total allotment amounts in one resolution of its Extra-Ordinary General Meeting notice from Rs. 25.33 lakh to Rs. 76.50 lakh for certain allottees. It also added average price details for share valuation (90-day VWAP Rs. 143.34 and 10-day VWAP Rs. 152.70) and provided links to valuation reports and PCS certificates. The corrigendum removes the paragraph on interim use of issue proceeds, and clarifies that post-allotment the new allottees will fall under the non-promoter category in the shareholding pattern. This may affect shareholder composition and capital raising clarity.

Separately, several immovable properties mortgaged to Punjab National Bank and Union Bank of India will be auctioned on May 30, 2025, for recovery of dues. These include residential and commercial flats, factory land and buildings in Maharashtra, collectively valued in crores. The properties will be sold on an "as is where is" basis through online e-auctions. This indicates ongoing recovery actions relating to secured loans, potentially impacting the companies or individuals involved.