Koura Fine Diamond Jewelry Limited held its Board of Directors meeting on Thursday, August 06, 2026, from 03:40 PM to 04:15 PM IST at its registered office in Ahmedabad. The board considered and approved several agenda items related to capital structure changes and fundraising.

Capital Structure Changes

The board approved increasing the authorized share capital of the Company from the existing ₹7,20,00,000 (Rupees Seven Crore Twenty Lakh only) divided into 72,00,000 (Seventy-Two Lakhs) Equity Shares of ₹10 each to ₹7,40,00,000 (Rupees Seven Crore Forty Lakhs only) divided into 74,00,000 (Seventy-Four Lakhs) Equity Shares of ₹10 face value each. This represents an increase of ₹20,00,000 (Rupees Twenty Lakh only) through the creation of 2,00,000 (Two Lakhs) additional Equity Shares of ₹10 each, which will rank pari passu in all respects with existing Equity Shares. This approval is subject to shareholder approval.

Preferential Issue of Convertible Warrants

The board approved the issuance of up to 6,00,000 Convertible Warrants at an issue price of ₹37 each, including a premium of ₹27 each. The total amount to be raised through this issuance is aggregating up to ₹2,22,00,000 (Rupees Two Crore Twenty-Two Lakh only). The warrants will be issued to promoters and non-promoters on a preferential basis.

Warrant Terms and Conditions

The issue price of ₹37 per warrant is not lower than the floor price determined in accordance with Regulation 164 & 166A of Chapter V of SEBI ICDR Regulations. Minimum 25% of the warrant price must be paid upfront at the time of application, with the remaining 75% payable at the time of conversion into Equity Shares.

Each Convertible Warrant can be converted into 1 (One) Equity Share of the Company at a 1:1 conversion ratio. Conversion can be exercised at any time within 18 months from the date of allotment of Warrants, in one or more tranches. If the investor fails to exercise conversion within the stipulated period, the warrants shall lapse.

Allottee Details

The issuance involves 2 (Two) investors:

  • Kamlesh Keshavlal Lodhiya (Promoter): Current holding 25,81,975 shares; Allotted 3,50,000 Convertible Warrants; Will remain as Promoter
  • Anil Vrujlal Jogia (Non-promoter): Current holding 10,000 shares; Allotted 2,50,000 Convertible Warrants; Will remain as Non-promoter

Shareholder Approval Requirements

The issuance of up to 6,00,000 Convertible Warrants and the capital increase are subject to approval of members by way of passing special resolution at the Extra-ordinary General Meeting.

Extraordinary General Meeting

The board approved the Notice of Extra Ordinary General Meeting scheduled to be held on Monday, August 31, 2026, at 04:30 PM at the Registered Office of the Company.

Appointment of Scrutinizer

The board appointed Dilip Swarnkar & Associates, Practicing Company Secretaries, as Scrutinizer to scrutinize the E-voting process and issue the Scrutinizer Report to the Company.