The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Soham Kamlesh Lodhiya & Others
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By the next day the stock moved 2.9 pts more than Nifty Microcap 250 and 4.4 pts more 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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The promoter and promoter group of Koura Fine Diamond Jewelry Ltd acquired shares and convertible warrants through a preferential issue allotted on 22 August 2025. A total of 21,50,000 units (50.57% of pre-issue share capital and 31.84% of diluted capital) were allotted — acquirer Jeetkumar Nileshkumar Makadia received 6,50,000 equity shares, while three persons acting in concert (Mirali, Charmi, and Soham Lodhiya) each received 5,00,000 convertible warrants. After this allotment, the promoter group's aggregate holding rose to 47,51,225 units, equal to 111.75% of the expanded voting share capital (because warrants are counted) and 70.37% on a fully diluted basis. The company's equity share count grew from 36,01,500 to 42,51,500 shares, taking the fully diluted share capital to 67,51,500 shares of face value Rs 10 each.
This is a clear promoter confidence signal — insiders are putting more skin in the game and consolidating control above 70% on a diluted basis. For non-promoter shareholders, the preferential allotment at likely below-market price is dilutive, but the strong promoter commitment may be viewed positively for long-term governance.