Koura Fine Diamond Jewelry shareholders approved the preferential allotment of convertible warrants and an increase in authorized share capital at its Extraordinary General Meeting (EGM) on August 31, 2026. The resolutions passed with unanimous support from voting shareholders.

Meeting Proceedings

The EGM was conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM). Kamlesh Keshavlal Lodhiya, Managing Director, chaired the meeting. Seven members joined, ensuring the requisite quorum was present throughout the proceedings. The meeting commenced at 4:30 pm and concluded at 4:40 pm.

The Board had appointed Dilip Kumar Swarnkar, a practicing company secretary, as the scrutinizer for the remote e-voting process. Voting ran from August 28, 2026, at 9:00 am to August 30, 2026, at 5:00 pm. Members holding shares as of the cut-off date, August 24, 2026, were eligible to vote. Out of 365 total shareholders on the record date, votes were polled from holders of 34,42,225 shares, representing 57.02% of outstanding shares.

Business Items Transacted

Shareholders voted on two special business items:

1. Increase in the authorized share capital of the company.
2. Consider and approve issuance of up to 6,00,000 convertible warrants on a preferential basis to promoters and non-promoters for consideration in cash.

Both resolutions were passed with the requisite majority. Detailed voting results and the Scrutinizer's Report have been submitted to the stock exchange under Regulation 44(3) of the SEBI Listing Regulations.

Voting Results Breakdown

Promoters held 40,36,225 shares as of the record date and cast all their polled votes in favor of both resolutions. Public non-institutional shareholders held 20,00,275 shares, with 56,000 votes polled, all in favor. No public institutional shareholders participated in the voting.

Allottee Substitution

Prior to the meeting, the company issued a corrigendum to replace Mr. Anil Vrujlal Jogia with Mrs. Jogiya Geetaben Dhirajlal as a proposed allottee. BSE Limited observed that Mr. Jogia had sold shares during the relevant pricing period, rendering him ineligible under Regulation 159(1) of the SEBI ICDR Regulations. Mrs. Jogiya Geetaben Dhirajlal will now be allotted 2,50,000 warrants.

Valuation Report Clarification

The company clarified that the name "Osia Hyper Retail Limited" appeared in the subject line of the valuation report due to a clerical error. The report pertains to Koura Fine Diamond Jewelry Limited. The revised document is available on the company's website.

Issue Details

The approved issuance involves up to 6,00,000 convertible warrants on a preferential basis for cash consideration. The total proceeds amount to ₹2.22 crore. The issue price is set at ₹37 per warrant, including a premium of ₹27. This price aligns with the minimum price determined under Regulation 164 of the SEBI ICDR Regulations, which was calculated at ₹36.48 per equity share based on the volume-weighted average price preceding the relevant date of July 31, 2026.

Use of Proceeds

The net proceeds from the issue are allocated as follows:

• Working capital requirements: ₹1.77 crore
• General corporate purposes: ₹44.40 lakh

The general corporate purposes allocation does not exceed 25% of the total issue proceeds. The funds are intended for deployment over one year.

Koura Fine Diamond Jewelry has scheduled its Extra Ordinary General Meeting (EGM) for Monday, August 31, 2026, at 4:30 PM IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI Listing Regulations. Shareholders holding shares as of the cut-off date of August 24, 2026, are eligible to participate and cast their votes electronically.

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. The remote e-voting window opens on August 28, 2026, at 9:00 AM IST and closes on August 30, 2026, at 5:00 PM IST. During this period, shareholders holding shares in either physical or dematerialized form can exercise their voting rights. The e-voting module will be disabled after the deadline, though voting facilities will also be available during the EGM itself for those who have not voted remotely.

Key Dates and Voting Details

Shareholders whose names appear in the register of members or beneficial owners as on the cut-off date are entitled to vote. Voting rights are proportional to the paid-up equity capital held on the cut-off date. Members who have already exercised their right to vote through remote e-voting may still attend the EGM via VC/OAVM but cannot vote again during the meeting.

Participation Instructions

The notice for the EGM was dispatched electronically on August 7, 2026, to all members with registered email addresses. Shareholders who have not registered their email IDs or hold shares in physical mode can obtain login credentials for the VC/OAVM facility and e-voting by sending a scanned copy of a signed request letter, PAN card, and address proof to info@kouradiamondjewelry.com .

For technical assistance regarding e-voting or VC/OAVM facilities, shareholders may contact NSDL at evoting@nsdl.com or call 022-48867000. The detailed instructions for joining the meeting and casting votes are available in the EGM Notice on the company’s website and the BSE Limited website.