Key Event Details

The EGM is scheduled to be held on Friday, August 07, 2026 at 09:30 a.m. (IST) at the registered office of the Company situated at DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai-400051, Maharashtra, India.

The corrigendum specifically modifies Point No. 1(a) and the paragraph titled "Utilization of proceeds of the Preferential Issue" in the explanatory statement. The modification details the object and utilization of proceeds from a proposed preferential issue of convertible warrants to persons belonging to the Promoter and Promoter Group of the Company.

Financial Details and Utilization Plan

The Company intends to utilize the net proceeds from the preferential issue (after adjustment of related expenses), aggregating to at least INR 8,88,00,000/- (Indian Rupees Eight Crores and Eighty-Eight Lakhs Only), for procurement of lab-grown diamonds. The breakdown is as follows:

  • Procurement of lab-grown diamond roughs: INR 4,44,00,000 (50% of total)
  • Procurement of polished lab-grown diamonds: INR 4,44,00,000 (50% of total)

Timeline for Utilization

The company estimates that the entire proceeds received from the issue would be utilized for the stated objects within 3 months from the date of receipt of funds, subject to compliance with applicable laws. The issue proceeds shall be received by the Company within an 18-month period from the date of allotment of Warrants in terms of Chapter V of the SEBI ICDR Regulations.

Distribution and Availability

The corrigendum has been sent through electronic means to all members whose email addresses are registered with the Company/Depository Participant(s)/Registrar and Share Transfer Agent. It has also been hosted on the Company's website at https://www.minidiamonds.net/ and will be made available on BSE's website at www.bseindia.com.

Status of Original Notice

All other terms and contents of the EGM Notice, except as specifically modified by this corrigendum, remain unchanged. This corrigendum forms an integral part of the original EGM Notice.