BSECompany Update6d ago · 14 Aug 2026, 08:59 am
Receipt of significant domestic order for cut and polished lab grown diamonds from Saharsh Exports amouting to 14.25 Crores
Mini Diamonds India Ltd · 523373
✦ AI Summary▲ PositiveOrder Win
Mini Diamonds India Ltd has received a significant domestic order worth INR 14.25 Crores from Saharsh Exports for cut and polished lab-grown diamonds, indicating sustained demand for the company's products and growing acceptance of the lab-grown diamond category in the market.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Mini Diamonds India Ltd - 523373 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
Attachments (1)
📄pdf
Download →
d9fa8854-aa92-4aed-b0e1-a29d94345014.pdf
View document text
August 14, 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: Receipt of Significant Domestic Order for Cut and
Polished Lab Grown Diamonds amounting to INR 14.25 Crores
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, Mini Diamonds (India) Limited (“MDIL”) is pleased to inform its
shareholders that the Company has received a significant domestic order of INR 14.25
Crores from a Mumbai based existing client on August 14, 2026 for supply of cut and
polished lab grown diamonds.
The repeat order reflects the continued strengthening of the Company’s relationship with
its domestic customers and sustained demand for lab-grown diamonds in the market. It
also underlines the growing acceptance of the category across the jewellery and diamond
ecosystem, supported by wider customer adoption and an expanding market for quality
lab-grown diamond products. MDIL’s ability to secure repeat business from existing
customers reflects its focus on consistent product quality, dependable execution and close
alignment with evolving client requirements.
The growing preference for lab-grown diamonds is also being supported by their
accessible price points, which allow jewellers and end-consumers greater flexibility to
explore larger stones, contemporary settings and a wider variety of designs. MDIL
believes this evolving consumption pattern can support a deeper and more diversified
market for lab-grown diamonds over time.
The additional disclosures as required SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is provided in Annexure-
This is for your information and record.
Website: www.minidiamonds.net
Management’s Comment:
Shri Upendra Narottamdas Shah, Chairman and Managing Director, Mini Diamonds
(India) Limited, had to say the following with regards to this business update:
“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. We
believe the expanding market for lab-grown diamonds, together with our growing
domestic presence, provides a strong platform for further scaling our business.”
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.
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
ANNEXURE- A
Additional Disclosures as required under SEBI Master Circular No. SEBI/HO/CFD-
PoD2/CIR/P/0155 dated November 11, 2024 are as follows:
Name of the entity awarding the Saharsh Exports
order(s)/contract(s)
Significant terms and conditions of The fulfilment of the order of diamonds shall be
order(s)/contract(s) awarded in brief completed within 4 months from the date of
order
Payment of the order shall be made on or before
180 days from the date of order completion
Whether order(s)/ contract(s) have been Domestic entity (Mumbai based)
awarded by domestic/ international entity
Nature of order(s) / contract(s) Mini Diamonds (India) Limited to supply Cut and
Polished Lab Grown Diamonds worth INR 14.25
Crores.
Whether domestic or international Domestic i.e. the Cut and Polished Lab Grown
Diamonds are to be supplied locally
Time period by which the The order shall be completed within 4 Months
order(s)/contract(s) is to be executed from the date of order completion
Broad consideration or size of the INR 14.25 Crore
order(s)/contract(s)
Whether the promoter/ promoter No
group/group companies have any interest
in the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof;
Whether the order(s)/contract(s) would fall No
within related party transactions? If yes,
whether the same is done at “arm’s length”
Thanking you.
Yours faithfully,
For Mini Diamonds (India) Limited
Upendra Narottamdas Shah
Managing Director
DIN: 00748451
Website: www.minidiamonds.net