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.

Koura Fine Diamond Jewelry Limited submitted the voting results and scrutinizer's report for its 4th Annual General Meeting (AGM) held on September 30, 2026. Both ordinary resolutions adopted during the meeting were passed unanimously, securing 100% of the votes cast in their favour.

The meeting took place at the registered office in Ahmedabad at 11:30 am. Kamlesh Keshavlal Lodhiya, Chairman and Managing Director, chaired the session after confirming the requisite quorum. He informed members that the statutory registers and documents referenced in the AGM notice were available for inspection.

Voting outcomes

The shareholders passed two ordinary resolutions during the meeting. The results indicate that only promoter group members voted, while public shareholders did not participate in the poll.

For both resolutions, the total number of shares polled was 4,036,225, representing 66.86% of the outstanding shares. No invalid votes were recorded.

Key resolutions passed

1. To receive, consider, and adopt the audited financial statements for FY26, along with the reports of the Board of Directors and Auditors.
2. To appoint Ms. Pratibha Kamlesh Lodhiya as director in place of herself, who retired by rotation and offered herself for re-appointment.

Audit and voting details

The Chairman stated that the Statutory Auditor and Secretarial Auditor did not provide any observations, qualifications, or modified opinions on the financial statements. As an SME listed company, Koura Fine Diamond Jewelry was exempt from providing an e-voting facility under SEBI regulations. Consequently, members exercised their voting rights through ballot papers at the venue.

Post-meeting disclosures

Consolidated voting results and the Scrutinizer’s Report regarding the resolutions will be disseminated to the stock exchange and made available on the company’s website within the prescribed time from the conclusion of the meeting. The meeting concluded with a vote of thanks at 12:00 pm.