Mini Diamonds (India) MD, chairman, board of directors and AGM
BSE: 523373Consumer DurablesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹4.03.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹96 Cr2,347th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 3 Aug 2026
- 49.1
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹0.44 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 40.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 1.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 3 Aug 2026
- 3.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹0.44 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 3.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 3 Aug 2026
- 3.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.04
- Volume, BSEVolume. Shares traded on the last trading day.
- 2,78,658
Mini Diamonds (India) board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorUPENDRA NAROTTAMDAS SHAHRelated to the promoter
- Company Secretary and Compliance OfficerArchana Rajesh Agarwal
6 directors3 independent2 executive1 non-executive
- UPENDRA NAROTTAMDAS SHAH · Chairperson and managing directorExecutive · joined May 1987 · reappointed Sep 2022 · 1 listed board · 2 committee seats
- RONISH U SHAHExecutive · joined Mar 2019 · reappointed Sep 2025 · 1 listed board
- NARAYANBHAI PRAGJIBHAI KEVADIANon-executive · joined Mar 2022 · reappointed Sep 2025 · 1 listed board
- CHINTAN MAHESH SHAHIndependent · joined Jan 2019 · reappointed Jan 2024 · 89 months as independent · 1 listed board · 1 as independent
- NIHARIKA ROONGTAIndependent · joined Sep 2020 · reappointed Sep 2025 · 69 months as independent · 2 listed boards · 2 as independent · 4 committee seats
- ASHUTOSH CHANDRAPRAKASH TIWARIIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- DILIP JASWANT SHAH, left 27 Dec 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 May 20266 of 6 present3 independent · 35 days in between
- 23 Apr 20266 of 6 present3 independent · 68 days in between
- 13 Feb 20266 of 6 present3 independent
Audit Committee
Chair ASHUTOSH CHANDRAPRAKASH TIWARI
NIHARIKA ROONGTA, UPENDRA NAROTTAMDAS SHAH
- 29 May 20263 of 3 present2 independent · 104 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair ASHUTOSH CHANDRAPRAKASH TIWARI
NIHARIKA ROONGTA, NARAYANBHAI PRAGJIBHAI KEVADIA
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair ASHUTOSH CHANDRAPRAKASH TIWARI
NIHARIKA ROONGTA, UPENDRA NAROTTAMDAS SHAH
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s Mittal & AssociatesPeer-review certificate valid to May 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Mini Diamonds (India) AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Mini Diamonds (India) share news and announcements
Annual general meeting, 30 Sep 2026
14,408 shareholders on the register on 23 Sep 2026; present: 2 promoters and 45 others; votes counted by Sandhya R Malhotra / M/s Manish Ghia & Associates.The company's voting result (opens in a new tab)
1 To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2026, including the Audited Balance Sheet as on that date, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 18.34% · promoters 10.68% · institutions 0.00% · other public 18.72%
2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on March 31, 2026, including the Audited Balance Sheet as on that date, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 18.34% · promoters 10.68% · institutions 0.00% · other public 18.72%
- 3. To re-appoint Mr. Upendra Narottamdas Shah (DIN: 00748451), as a director liable to retire by rotation and, being eligible, offers himself for re-appointmentOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 18.34% · promoters 10.68% · institutions 0.00% · other public 18.72%
- 4. To authorize the company to take charge for service of documents to members under Section 20 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 18.34% · promoters 10.68% · institutions 0.00% · other public 18.72%
5. To re-appoint Mr. Upendra Narottamdas Shah (DIN: 00748451), designated as Chairman & Managing Director and approval for continuation of directorship upon completion of tenure and payment of remunerationMoreLess
SpecialPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 18.34% · promoters 10.68% · institutions 0.00% · other public 18.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 7 Aug 2026, 1 resolution
13,358 shareholders on the register on 31 Jul 2026; present: 1 promoter and 86 others; votes counted by CS Sandhya Malhotra / Manish Ghia & Associates, Company Secretaries.The company's voting result (opens in a new tab)
- To approve the issuance of convertible warrants on preferential basis to the persons belonging to Promoter and Promoter Group of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 18.35% · promoters 10.77% · institutions 0.00% · other public 18.72%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.