BSECompany Update3 Aug 2026 · 3 Aug 2026, 02:02 pm
Press Release for quarter ended June 30, 2026.
Mini Diamonds India Ltd · 523373
✦ AI Summary▲ PositiveResults
Mini Diamonds India Ltd announced its financial results for the quarter ended June 30, 2026, reporting a strong sequential improvement in operating performance with Revenue from Operations increasing by 29.71% Quarter-On-Quarter Basis. The company's Profit Before Tax improved to ₹3.66 Crore from ₹-7.52 Crore in Q4 FY26, and Profit After Tax stood at ₹2.74 Crore compared to ₹-5.15 Crore in Q4 FY26. The company has proposed to raise up to INR ₹8.88 CRORES through a preferential issue of warrants to members of the Promoter Group.
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Governance Concern2/10
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Mini Diamonds India Ltd - 523373 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 03, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400001
Company Code: 523373
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015: Press Release – Financial Results for the Quarter Ended
June 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and in terms of the captioned
subject, please find enclosed a copy of the press release titled "Mini Diamonds (India) Limited
Announces Results for the Quarter Ended June 30, 2026."
The aforesaid press release is also being made available on the Company's website at
www.minidiamonds.net/investors-types/general-notices-communications .
This is for your information and record.
Thanking you.
Yours faithfully,
For Mini Diamonds (India) Limited
Upendra Narottamdas Shah
Managing Director
DIN: 00748451
Encl: As above
Website: www.minidiamonds.net
FOR IMMEDIATE RELEASE
Mini Diamonds (India) Limited Announces Results for the
Quarter Ended June 30, 2026
Mini Diamonds (India) Limited (BSE: 523373) today announced its financial results for the
quarter ended June 30, 2026, reporting a strong sequential improvement in operating
performance with Revenue from Operations Increasing By 29.71% Quarter-On-Quarter Basis.
Highlights of the Results:
1. Revenue from Operations increased to ₹196.41 Crore from ₹151.30 Crore in Q4 FY26.
2. Profit Before Tax improved to ₹3.66 Crore from -₹7.52 Crore in Q4 FY26.
3. Profit After Tax stood at ₹2.74 Crore compared to -₹5.15 Crore in Q4 FY26.
4. The quarter reflects improved operating performance and disciplined execution across
the Company's business segments
5. Positive Improvement aided by growing interest for lab grown diamonds and return of
global and geo political stability in Middle East.
Note:
The Company has proposed to raise up to INR ₹8.88 CRORES (1.11 Crore Share Warrants,
each convertible into 1 equity share, at a price of INR 8/- per share warrant) through a
preferential issue of warrants to members of the Promoter Group, subject to the approval of
shareholders and other regulatory approvals. The proposed fund raise reflects the promoters'
continued commitment to supporting the Company's long-term growth.
Website: www.minidiamonds.net
Chairman’s Note:
Shri Upendra Narottamdas Shah, Chairman and Managing Director, Mini Diamonds (India)
Limited, had to say the following with regards to the results:
“The first quarter of FY27 marks a positive start to the financial year, with a meaningful
improvement in both revenue and profitability over the immediately preceding quarter. The
previous quarter was impacted by geopolitical developments in the Middle East and the
resulting uncertainty across global markets, which affected business sentiment and trade flows.
With improving stability and the industry's ability to adapt to evolving market conditions, we
have witnessed a healthy recovery in the current quarter. The return to profitability reflects
disciplined execution, stronger operating performance and the resilience of our business model.
At the same time, the growing acceptance of lab-grown diamonds across domestic and
international markets continues to create significant opportunities for the industry. As
consumer preferences increasingly shift towards sustainable and value-driven alternatives, we
are well positioned to leverage this structural trend through our integrated manufacturing and
jewellery capabilities. We remain focused on strengthening customer relationships, expanding
our product portfolio and enhancing operational efficiencies to drive sustainable revenue
growth and long-term profitability for all stakeholders."
Thanking you.
Yours faithfully,
For Mini Diamonds (India) Limited
Upendra Narottamdas Shah
Managing Director
DIN: 00748451
Website: www.minidiamonds.net
About Us:
Mini Diamonds (India) Limited (“MDIL”) is a public limited company listed on BSE Limited,
was established in the year 1987 with a clear intention to cater diamond import and export
business, with its clear track records. Today Mini Diamonds is an internationally well-known
company for its cut and polished diamonds and jewellery manufacturing.
MDIL has established a sophisticated manufacturing facility in Mumbai, strategically equipped
with cutting-edge technology and state-of the-art machinery tailored specifically for processing
rough diamonds. Within this facility, every facet of the diamond cutting and polishing process
is meticulously handled using modern equipment, including Sarin Technology, Auto Bruiting
Machines, Semi-Automatic Polishing Mills, and Sawing Machines, among others.
Under the meticulous supervision of MDIL’s seasoned experts and their own dedicated staff,
the factory ensures the highest standards of precision and quality at every stage of production.
This commitment to excellence extends beyond mere technology; it encompasses the fusion of
craftsmanship and innovation to elevate the diamond processing industry to new heights.
Moreover, MDIL doesn't limit its expertise solely to diamond processing. The Mumbai facility
also serves as a hub for jewellery manufacturing, where professional artisans harness the
cutting-edge machinery Available on-site. By integrating their expertise in diamond processing
with jewellery manufacturing, MDIL creates a seamless synergy, resulting in exquisite,
meticulously crafted pieces that embody both luxury and elegance.
Our company excels in the manufacturing, marketing, and sales of exquisite lab-grown
diamond jewellery. We cater to both the Indian and international markets, offering our products
through B2B and B2C channels. With a focus on cutting-edge production technology, we strive
to deliver high-quality, cost effective lab-grown diamonds that appeal to a wide range of
customers.
Website: www.minidiamonds.net
By combining innovative technology, meticulous craftsmanship, and strategic marketing, we
aim to set new standards in the lab-grown diamond industry, providing unparalleled value and
beauty to our customers globally.
Thanking you.
Yours faithfully,
For Mini Diamonds (India) Limited
Upendra Narottamdas Shah
Managing Director
DIN: 00748451
Website: www.minidiamonds.net