Company Profile

Preferential Issue of shares Inter alia, has, considered and approved the following: - 1. Increase in Authorized Share Capital of the Company from Rs. 13,50,00,000/- (Rupees Thirteen Crore Fifty Lakh) consisting of 1,35,00,000/- (One Crore Thirty-Five Lakh) Equity Shares of Rs. 10/- (Rupee Ten) each to Rs. 24,00,00,000/-(Rupees Twenty-four Crore) consisting of 2,40,00,000 (Two Crore Forty Lakh) Equity Shares of Rs.10/- (Rupee Ten) each consequent amendment to clause V of the Memorandum of Association of the Company, subject to approval of the shareholders and such other applicable statutory and regulatory approvals. 2. Alteration of Article of Association by altering the clause 97 of the Articles of Association by inserting a word ?/convertible warrants? after the word ?equity shares?. 3. Issuance and allotment of upto 2,00,00,000 (Two Crore) Convertible Equity Warrants to Proposed allottees on preferential basis in terms of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the ?ICDR Regulations?) as amended, Companies Act, 2013 and other applicable laws, at price of Rs.25.33/- (TwentyFive rupees and Thirty Three Paisa) per warrant (being the price not less than the minimum price determined with reference to the Relevant Date i.e. February 28, 2024 in accordance with Regulation 165 of the ICDR Regulations) aggregating upto maximum amount of Rs. 50,66,00,000/- (Fifty Crore Sixty-Six Lakh). The above preferential issue is subject to the approval of shareholders of the Company through EGM and such regulatory/statutory authorities as may be applicable. 4. Convening of an Extra-Ordinary General Meeting (EGM) at the registered office of the company situated at DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 on Friday, March 29, 2024 to seek approval of the members of the Company for the aforesaid matters. The Board of Directors has approved the draft notice of the EGM and matters related thereto. The notice of the said EGM will be sent separately to the Stock Exchange and to the Members of the Company and will also be available on the Company?s website at www.minidiamonds.net as well as on the website of the stock exchange. 5. Appointment of Mrs. Rupal Patel, Practicing Company Secretary as Scrutinizer for conducting the e-voting and the voting process at the EGM in a fair and transparent manner.

Preferential Issue of shares Inter alia, has, considered and approved the following: - 1. Increase in Authorized Share Capital of the Company from Rs. 13,50,00,000/- (Rupees Thirteen Crore Fifty Lakh) consisting of 1,35,00,000/- (One Crore Thirty-Five Lakh) Equity Shares of Rs. 10/- (Rupee Ten) each to Rs. 24,00,00,000/-(Rupees Twenty-four Crore) consisting of 2,40,00,000 (Two Crore Forty Lakh) Equity Shares of Rs.10/- (Rupee Ten) each consequent amendment to clause V of the Memorandum of Association of the Company, subject to approval of the shareholders and such other applicable statutory and regulatory approvals. 2. Alteration of Article of Association by altering the clause 97 of the Articles of Association by inserting a word ?/convertible warrants? after the word ?equity shares?. 3. Issuance and allotment of upto 2,00,00,000 (Two Crore) Convertible Equity Warrants to Proposed allottees on preferential basis in terms of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the ?ICDR Regulations?) as amended, Companies Act, 2013 and other applicable laws, at price of Rs.25.33/- (TwentyFive rupees and Thirty Three Paisa) per warrant (being the price not less than the minimum price determined with reference to the Relevant Date i.e. February 28, 2024 in accordance with Regulation 165 of the ICDR Regulations) aggregating upto maximum amount of Rs. 50,66,00,000/- (Fifty Crore Sixty-Six Lakh). The above preferential issue is subject to the approval of shareholders of the Company through EGM and such regulatory/statutory authorities as may be applicable. 4. Convening of an Extra-Ordinary General Meeting (EGM) at the registered office of the company situated at DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 on Friday, March 29, 2024 to seek approval of the members of the Company for the aforesaid matters. The Board of Directors has approved the draft notice of the EGM and matters related thereto. The notice of the said EGM will be sent separately to the Stock Exchange and to the Members of the Company and will also be available on the Company?s website at www.minidiamonds.net as well as on the website of the stock exchange. 5. Appointment of Mrs. Rupal Patel, Practicing Company Secretary as Scrutinizer for conducting the e-voting and the voting process at the EGM in a fair and transparent manner.

Preferential Issue of shares & Inter alia, to consider the proposal of fund raising by way of issue of equity shares/ convertible warrants and/or any other instruments through preferential issue, subject to such statutory/regulatory/other approvals as may be required, including the approval of the members, to seek their consent for such fund raising and to approve ancillary actions for such fund raising. This is in partial modification to our letter dated February 20, 2024.