Mini Diamonds (India) Limited (MDIL) disclosed receipt of a significant domestic order worth INR 14.25 Crores through a regulatory filing pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations.

The order was received on August 14, 2026 from Saharsh Exports, a Mumbai-based existing client of the company. The order is for supply of cut and polished lab grown diamonds.

Order Details from Annexure-A:

  • Client Entity: Saharsh Exports
  • Order Value: INR 14.25 Crore
  • Nature of Order: Supply of Cut and Polished Lab Grown Diamonds
  • Execution Timeline: Order to be completed within 4 months from date of order completion
  • Payment Terms: Payment to be made on or before 180 days from date of order completion
  • Geographic Scope: Domestic order (supplied locally)
  • Related Party Status: No promoter/promoter group/group companies have any interest in Saharsh Exports
  • Related Party Transaction: Does not fall within related party transactions

The company described this as a repeat order that reflects continued strengthening of relationships with domestic customers and sustained demand for lab-grown diamonds in the market. The disclosure highlights growing acceptance of lab-grown diamonds across the jewellery ecosystem supported by wider customer adoption.

Management Commentary:

Upendra Narottamdas Shah, Chairman and Managing Director, commented: "This repeat order is encouraging as it reflects both the strength of our existing customer relationships and the continued growth in acceptance of lab-grown diamonds within the domestic market. We are seeing a steady broadening of demand for the category, and our focus remains on converting this opportunity into sustainable business growth through consistent quality, dependable execution and closer engagement with our customers."

The company also provided background information about its operations, noting it was established in 1987 and has a sophisticated manufacturing facility in Mumbai equipped with cutting-edge technology including Sarin Technology, Auto Bruiting Machines, Semi-Automatic Polishing Mills, and Sawing Machines. The facility handles both diamond processing and jewellery manufacturing.