Koura Fine Diamond Jewelry posted a net profit of ₹313.74 lakh for the half year ended September 30, 2026, a sharp rise compared to ₹35.75 lakh in the same period of the previous year.

The board of directors, at its meeting held on October 19, 2026, approved the standalone unaudited financial results for the half year ended September 30, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by M/s. Bimal Shah Associates, Chartered Accountants (Firm Registration No. 101505W), as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial performance for H1FY27

Revenue from operations for the half year ended September 30, 2026 stood at ₹6,383.72 lakh, compared to ₹6,000.78 lakh in the half year ended September 30, 2025. Total revenue, including other income of ₹1.13 lakh, came in at ₹6,384.85 lakh against ₹6,009.71 lakh in the corresponding prior period. Total expenses for the period were ₹5,965.58 lakh, resulting in a profit before tax of ₹419.27 lakh. After a total tax expense of ₹105.53 lakh, net profit for the period stood at ₹313.74 lakh. Basic and diluted earnings per share (face value ₹10 each, not annualised) were ₹5.20 for the half year ended September 30, 2026.

The following table summarises the key financial metrics across reporting periods (₹ in lakh):

Warrant conversion and equity allotment

The board allotted 2,15,000 equity shares of ₹10 each at a price of ₹31.30 per share (including a premium of ₹21.30 per share) pursuant to the conversion of 2,15,000 warrants, under Regulation 169 of the SEBI ICDR Regulations, 2018. The allotment was made upon receipt of the balance consideration, being 75% of the issue price of the warrants. The details of the allotment are as follows:

The allotted equity shares rank pari-passu in all respects with the existing equity shares of the company and are to be listed on BSE Limited.

CFO change

Ms. Charmi Kamlesh Lodhiya resigned as Chief Financial Officer (CFO) and Key Managerial Person (KMP) of the company with effect from October 19, 2026, citing better career growth. She will continue to serve as a Whole-time Director of the company. The board appointed Mr. Soham Kamlesh Lodhiya as CFO and KMP with effect from October 19, 2026. Mr. Soham Kamlesh Lodhiya is a Whole-time Director of the company since September 3, 2025, belongs to the promoter group, and holds a Bachelor's Degree in Architecture. He is a relative of Mr. Kamlesh Lodhiya, Managing Director; Ms. Charmi Lodhiya, Whole-time Director; and Mrs. Pratibha Lodhiya, Non-executive Director of the company.

Fund utilisation update

The company also disclosed a statement of deviation or variation in utilisation of funds raised through a preferential issue. The total issue size was ₹985.95 lakh, with funds raised as on September 30, 2026 amounting to ₹818.11 lakh. No deviation or variation in the use of funds was reported. The utilisation details are as follows (₹ in lakh):

The company noted that the total preferential issue size was ₹985.95 lakh; however, as on September 30, 2026, ₹818.11 lakh had been raised, and fund utilisation was restricted to that amount. The board meeting commenced at 2:00 pm and concluded at 3:45 pm on October 19, 2026.

Koura Fine Diamond Jewelry Ltd promoter Kamlesh Keshavlal Lodhiya acquired 3,50,000 convertible warrants through a preferential allotment on October 12, 2026.

The acquisition was disclosed to BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The warrants entitle the acquirer to receive shares carrying voting rights upon conversion, representing 4.76% of the total diluted share capital.

Holding Structure Changes

Prior to this transaction, the promoter and persons acting in concert held a combined stake of 72.62% in the equity capital. The introduction of these warrants increases the diluted share capital base while adjusting the percentage holdings relative to the fully converted capital structure.

What the Numbers Show

The filing reveals a divergence between absolute share count and percentage ownership due to the definition of diluted capital. While the promoter group’s absolute holding of shares and warrants remains constant at 43,83,475 instruments, their percentage stake in the diluted capital decreased from 64.93% to 64.39%. This occurs because the denominator for diluted capital includes all outstanding convertible securities, meaning the new warrants add to the potential share pool without immediately altering the existing equity base, thereby slightly diluting the percentage representation of the pre-existing combined holding in the fully converted scenario.

The Persons Acting in Concert include family members such as Jeetkumar Nileshkumar Makadia, Miral I Kamlesh Lodhiya, Charmi Kamlesh Lodhiya, Soham Kamlesh Lodhiya, Pratibhaben Kamleshkumar Lodhiya, Rakesh Keshavlal Lodhiya, Dakshaben Jayeshbhai Raniga, Vrajlal Madhavji Jogiya, Daxaben Narendra Lodhiya, Haresh Vrajlal Jogiya, and Lodhiya Kamlesh Keshavlal Huf.