Companies are announcing corporate actions such as dividends and bonus issues alongside quarterly earnings to engage investors during the ongoing results season. In this context, Mini Diamonds India, a company engaged in the diamond business, has announced a bonus share issue for its shareholders.
The company has declared a 1:1 bonus issue, under which shareholders will receive one additional equity share for every existing share held. This implies that an investor holding one share will receive one additional share, effectively doubling the shareholding without any additional investment.
The decision was approved at a meeting of the Board of Directors held on April 23, 2026. Alongside the bonus issue, the company has also approved an increase in its authorized share capital. The authorized capital has been raised from ₹30 crore to ₹50 crore. Under the revised structure, the total authorized capital comprises 25 crore equity shares of ₹2 each. The company has amended the capital clause of its Memorandum of Association to reflect this change.
The record date for determining eligibility for the bonus shares has not yet been announced. The company stated that the record date will be declared following shareholder approval, and eligible investors will be determined based on that date.
Mini Diamonds India has delivered notable returns over recent years. The stock price was approximately ₹1.5 in 2021 and has increased to over ₹17 at present.
