Disclosure under Regulation 30 (LODR) for Allotment of Equity Shares and Convertible Share Warrants on Preferential Basis.
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Koura Fine Diamond Jewelry's board approved on August 22, 2025 the allotment of 6,50,000 equity shares at Rs. 31.30 each (face value Rs. 10) to promoter Jeetkumar Nileshkumar Makadia, bringing in Rs. 2.03 crore in full subscription. Separately, the board allotted 25,00,000 convertible warrants at the same price of Rs. 31.30 to 31 allottees, including 3 promoter group members (Lodhiya family) and 28 non-promoter individuals/associates, with Rs. 1.96 crore received as minimum upfront consideration. Each warrant converts 1:1 into an equity share within 18 months. Post full conversion of warrants, the Lodhiya promoter family would hold over 22% of the expanded capital, while the single equity allottee Makadia would hold about 9.7%.
This is a promoter-led capital infusion through preferential equity and warrants, which will dilute existing shareholders but strengthen the company's capital base. Shareholders should watch for further dilution when warrants are converted and monitor what the company deploys this capital toward.