Key Event Details

The Company issued a corrigendum to its EGM notice originally dated August 7, 2026. The EGM is scheduled for Monday, August 31, 2026, at 04:30 PM IST through Video Conferencing/Other Audio Visual Means.

Allottee Substitution

BSE Limited observed that one proposed allottee, Mr. Anil Vrujlal Jogia, had sold shares during the relevant pricing period, making him ineligible under Regulation 159(1) of SEBI ICDR Regulations. Consequently, the Company substituted Mr. Jogia with Mrs. Jogiya Geetaben Dhirajlal as the proposed allottee for 250,000 warrants.

Valuation Report Clarification

The Stock Exchange requested clarification regarding the Valuation Report. The Company confirmed that the name "Osia Hyper Retail Limited" was inadvertently mentioned due to a clerical error. The Valuation Report pertains to Koura Fine Diamond Jewelry Limited and has been revised and hosted on the Company's website.

Preferential Issue Details

Resolution Purpose

To raise funds for working capital requirements and general corporate purposes through issuance of convertible warrants.

Issue Structure

  • Total warrants: 600,000 convertible warrants
  • Issue price: ₹37 per warrant (₹10 face value + ₹27 premium)
  • Total amount: ₹2,22,00,000
  • Conversion ratio: 1 equity share per warrant

Allottee Details

| Name | Warrants | Current Status | Proposed Status |

| Kamlesh Keshavlal Lodhiya | 350,000 | Promoter | Promoter |

| Jogiya Geetaben Dhirajlal | 250,000 | Non-promoter | Non-promoter |

Pricing Determination

  • Relevant Date: July 31, 2026 (30 days prior to EGM)
  • Minimum price as per Regulation 164 of SEBI ICDR Regulations: ₹36.48 per equity share
  • Issue price fixed at ₹37 per warrant, compliant with regulations
  • Valuation certificate obtained from Mr. Abhishek Chhajed (IBBI Registration No. IBBI/RV/03/2020/13674)

Funding Utilization

| Purpose | Amount (₹) | Timeline |

| Working Capital Requirements | 1,77,60,000 | 1 Year |

| General Corporate Purposes | 44,40,000 | 1 Year |

| Total | 2,22,00,000 | |

Warrant Terms

  • Initial payment: 25% of issue price on allotment
  • Conversion payment: 75% on exercise of conversion right
  • Conversion period: 18 months from allotment date
  • Lapse provision: Warrants lapse if not converted within 18 months, amount forfeited
  • Allotment timeframe: Within 15 days of resolution approval
  • Equity shares rank pari passu with existing shares

Shareholding Impact

Pre-issue share capital: 60,36,500 equity shares

Post-issue share capital (assuming full conversion of 600,000 warrants + 715,000 pending warrants): 73,51,500 equity shares

Promoter holding changes from 66.86% to 69.39% post-issue

No change in management or control of the Company

Voting Arrangements

  • Cut-off date: August 24, 2026
  • Remote e-voting period: August 28, 2026 (9:00 AM) to August 30, 2026 (5:00 PM)
  • Scrutinizer: M/s. Dilip Swarnkar & Associates
  • Documents available on company website and BSE platform

Document Availability

The corrigendum and all related documents (valuation report, compliance certificate) are available on the Company's website at specified URLs and have been communicated to shareholders via email through NSDL.