Koura Fine Diamond Jewelry Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/06/2025 ,inter alia, to consider and approve Preferential Issue ....
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Koura Fine Diamond Jewelry Ltd has called a board meeting on 6th June 2025 to consider several key proposals. These include altering the company's Articles of Association and increasing the Authorised Share Capital. The board will also evaluate raising funds through a Preferential Issue of equity shares, convertible warrants, or other instruments. Shareholders' approval will be sought at a separate Extraordinary General Meeting for these proposals. The trading window for insiders has been closed until 48 hours after the board meeting concludes.
This signals potential equity dilution for existing shareholders as the company plans to issue new shares or warrants to selected investors. Shareholders should watch for pricing details and the identity of allottees once disclosed, as preferential issues can significantly affect share value.