The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Charmi Kamlesh Lodhiya & PACs
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.5 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Koura Fine Diamond Jewelry Ltd's promoter group, led by acquirer Charmi Kamlesh Lodhiya along with Persons Acting in Concert (PACs), acquired 7,85,000 equity shares (14.95% of pre-acquisition capital) through a preferential allotment of equity shares pursuant to convertible warrants on December 23, 2025. Charmi Kamlesh Lodhiya received 5,00,000 shares and Soham Kamlesh Lodhiya received 2,85,000 shares. As a result, the promoter group's total holding increased from 61.81% (32,45,725 shares) to 66.77% (40,30,725 shares) of the expanded equity capital. The total equity share capital of the company grew from 52,51,500 to 60,36,500 shares, with fully diluted capital rising to 67,51,500 shares.
This preferential allotment strengthens promoter control to nearly 67%, signaling confidence from the promoter group in the company's growth. However, existing minority shareholders face dilution of approximately 5% as new shares were issued to the promoter group at preferential terms, which could weigh on the stock in the short term despite the positive intent signal.