Golkunda Diamonds allots 12.4 lakh warrants at ₹214
Golkunda Diamonds & Jewellery Ltd allotted 12.4 lakh warrants to non-promoters at ₹214 per warrant on June 27, 2026. The warrants are convertible into equity shares within 18 months, and the issue was fully subscribed by 23 investors.
*this image is generated using AI for illustrative purposes only.
Golkunda Diamonds & Jewellery Ltd has allotted 12.4 lakh warrants to non-promoters at a price of ₹214 per warrant, raising funds through a preferential issue. The Board of Directors approved the allotment on June 27, 2026, pursuant to shareholder approval granted at the Extraordinary General Meeting held on March 9, 2026, and in-principal approval from the Bombay Stock Exchange received on June 15, 2026. The issuance is compliant with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The warrants are convertible into 12.4 lakh fully paid-up equity shares with a face value of ₹10 each. Each warrant is convertible into one equity share, and the conversion can be exercised at any time during the period of 18 months from the date of allotment. The company stated that the issue price was computed in accordance with Regulation 164 of Chapter V of the SEBI (ICDR) Regulations.
The preferential allotment was made to 23 investors, all classified as non-promoters. The issue was fully subscribed, and the company received an amount equivalent to 25% of the issue price from the investors prior to the allotment. The list of allottees includes various entities and individuals, with Vimal Kishore Parwal HUF receiving the highest allocation of 2,85,000 warrants.
Details of Allotment
| Sr. No. | Name of the Allottee | No. of Warrants Allotted |
|---|---|---|
| 1 | Vimal Kishore Parwal HUF | 2,85,000 |
| 2 | Fortune Bright Trading LLP | 2,00,000 |
| 3 | Shanti Gold International Limited | 2,00,000 |
| 4 | Pankti Ankit Khokhani | 60,000 |
| 5 | Invicta Finserv Pvt Ltd | 50,000 |
| 6 | Skael Enterprise Private Limited | 50,000 |
| 7 | Sanyami Kunal Doshi | 40,000 |
| 8 | D C Capital | 40,000 |
| 9 | Ratan Corporation Private Limited | 40,000 |
| 10 | Indra Devi Jain | 30,000 |
| 11 | Vikas Arora | 25,000 |
| 12 | Pratham Ramesh Jain | 25,000 |
| 13 | Aayushi Ramesh Bachhawat | 25,000 |
| 14 | Barkha Tibrewal | 25,000 |
| 15 | Shrenik Sanjay Kaswa | 25,000 |
| 16 | Indeed Advisory Pvt Ltd | 25,000 |
| 17 | Isha Bansal | 20,000 |
| 18 | Shyamsunder Basudeo Agarwal | 20,000 |
| 19 | Pushpa Dafria | 15,000 |
| 20 | Seema Anilkumar Modani | 15,000 |
| 21 | Mahesh Kumar Dhadha | 10,000 |
| 22 | Vrushabh Hastimal Gandhi | 10,000 |
| 23 | Bhavesh N Kamani | 5,000 |
| Total | 12,40,000 |
The company informed the Bombay Stock Exchange that it will intimate the exchange at the time of conversion or lapse of the warrants. The Board meeting commenced at 6.00 p.m. and concluded at 10.15 p.m. on June 27, 2026.
Historical Stock Returns for Golkunda Diamonds & Jewellery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -3.58% | +11.38% | +28.46% | +45.25% | +452.69% |
How does Golkunda Diamonds plan to utilize the approximately ₹26.5 crore raised through this preferential issue?
What impact will the potential conversion of 12.4 lakh warrants have on the company's earnings per share and existing shareholding structure?
Will the influx of new non-promoter investors lead to changes in the company's corporate governance or strategic direction?
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