Koura Fine Diamond Jewelry Secures BSE Approval for Preferential Issue of Shares and Warrants

Koura Fine Diamond Jewelry Limited (BSE: 544139) has received in-principle approval from the Bombay Stock Exchange (BSE) for a significant preferential issue of equity shares and convertible warrants. The approval, granted on August 8, 2025, marks a pivotal moment for the company as it seeks to strengthen its capital base.

Details of the Preferential Issue

The preferential issue comprises two key components:

1. 6,50,000 equity shares to be issued to promoters
2. 25,00,000 convertible warrants to be issued to both promoters and non-promoters

Both the equity shares and convertible warrants will be issued at a price not less than Rs. 31.30 per share. The equity shares have a face value of Rs. 10 each.

Regulatory Approval and Compliance

The BSE has granted the in-principle approval with reference number LOD/PREF/KD/FIP/699/2025-26. However, the exchange has emphasized that this approval does not constitute final listing approval. Koura Fine Diamond Jewelry Limited must comply with various regulatory requirements, including:

• Adherence to the Companies Act 2013
• Compliance with SEBI regulations
• Obtaining necessary statutory approvals

Post-Issue Requirements

Following the allotment of securities, the company is required to:

1. Submit a listing application within twenty days from the allotment date
2. Comply with post-issue listing formalities
3. Ensure adherence to trading restrictions for allottees

Management's Statement

Kamlesh Keshavlal Lodhiya, Managing Director of Koura Fine Diamond Jewelry Limited, confirmed the receipt of the in-principle approval in a disclosure to the BSE. The company views this development as a significant step in its growth strategy.

Investor Considerations

While this preferential issue presents an opportunity for the company to raise capital, investors should note that:

• The final issuance is subject to compliance with various regulatory requirements
• The company must adhere to strict timelines for the listing application post-allotment
• Trading restrictions will apply to the allottees of these securities

As Koura Fine Diamond Jewelry Limited moves forward with this preferential issue, market participants will be keenly watching the impact on the company's financial position and growth prospects in the fine diamond jewelry sector.