Please find attached outcome of Board Meeting for allotment of Equity shares.
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The Board of Directors of Koura Fine Diamond Jewelry Ltd, at its meeting held on December 23, 2025, approved the allotment of 7,85,000 equity shares of Rs. 10 each at a price of Rs. 31.30 per share (including a premium of Rs. 21.30 per share). The allotment was made upon conversion of an equal number of warrants upon receipt of the balance 75% consideration. The shares were allotted to two individuals — Charmi Kamlesh Lodhiya (5,00,000 shares) and Soham Kamlesh Lodhiya (2,85,000 shares) — who appear to be from the promoter family, as Managing Director Kamlesh Keshavlal Lodhiya shares the same surname. Total consideration received is approximately Rs. 2.46 crore. The newly allotted shares will rank pari-passu with existing equity shares and will be listed on BSE.
This is a pre-scheduled warrant conversion resulting in equity dilution of 7,85,000 shares. Since the allottees appear to be related to the promoter family, this does not bring in new public investors but rather formalises the conversion of previously issued warrants, bringing in around Rs. 2.46 crore to the company.