Description

Mini Diamonds India Ltd announces sub-division of equity shares from Rs.10/- each to Rs.2/- each in a 1:5 ratio, effective December 2, 2025.

Summary

Mini Diamonds India Ltd (Scrip Code: 523373) has announced a sub-division of its equity shares. Each existing equity share with a face value of Rs.10/- will be split into five equity shares with a face value of Rs.2/- each. The record date for this corporate action is December 2, 2025, and the new paid-up value will be effective from the same date.

Key Points

  • Company: Mini Diamonds India Ltd (Scrip Code: 523373)
  • Corporate Action: Sub-division of equity shares
  • Sub-division Ratio: 1:5 (One share of Rs.10/- into Five shares of Rs.2/-)
  • Record Date: December 2, 2025
  • Effective Date for New Paid-up Value: December 2, 2025
  • Current ISIN: INE281E01010 (Rs.10/- paid up) - will become invalid from December 2, 2025
  • New ISIN: To be communicated via separate notice
  • Segment: Equity - Dematerialised Securities (Rolling Settlement)
  • Notice Number: DR-768/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action under existing BSE regulations for stock sub-division.

Compliance Requirements

  • Trading members must note that the existing ISIN INE281E01010 (Rs.10/- face value) will not be valid for transactions on or after December 2, 2025
  • Members must await separate notice for the new ISIN number for Rs.2/- paid-up shares
  • All trading systems and records must be updated to reflect the new share structure post the effective date
  • Shareholders do not need to take any action as the sub-division will be processed automatically in demat accounts

Important Dates

  • November 18, 2025: Notice issued by BSE
  • December 2, 2025: Record date for sub-division
  • December 2, 2025: Effective date for new Rs.2/- paid-up value
  • December 2, 2025: Old ISIN INE281E01010 becomes invalid for exchange transactions

Impact Assessment

Shareholder Impact: Existing shareholders will receive five shares for every one share held as of the record date. The total value of holdings remains unchanged, but the number of shares increases proportionately.

Trading Impact: The stock price will adjust proportionately to reflect the 1:5 split. A stock trading at Rs.50 would theoretically trade at Rs.10 post-split, making shares more affordable and potentially improving liquidity.

Market Impact: Stock sub-divisions typically aim to improve liquidity by making shares more affordable to retail investors. The action may attract increased trading interest due to lower absolute share prices.

Operational Impact: Trading members must ensure their systems are updated with the new ISIN and face value. The transition date of December 2, 2025 is critical for system updates.

Impact Justification

Stock sub-division affects existing shareholders and trading parameters but is a routine corporate action with moderate market impact