Announcement under Regulation 30 (LODR) - Pursuant to Allotment of Equity Shares by way of conversion of Warrants.
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Awaiting price reaction for this filing.
Koura Fine Diamond Jewelry Ltd has allotted 4,26,000 equity shares of Rs. 10 face value at Rs. 31.30 per share (including Rs. 21.30 premium) following the conversion of an equal number of warrants. The total consideration received is approximately Rs. 1.33 crore, representing the balance 75% payment on warrants previously issued by the company. The shares were allotted to 13 individuals, several of whom appear to be from related families (Ramaiya, Bharodiya, Viradiya, Patel groups). The newly issued shares will rank equally with existing equity shares and will be listed on BSE. The board meeting approving this allotment was held on 10th September 2025.
This is a small dilution event for existing shareholders as 4,26,000 new shares are added to the equity base. Since allottees appear to be promoter group individuals and associates, this largely formalises their commitment of additional capital into the company rather than bringing in new public investors.