Koura Fine Diamond Jewelry Reports 270% Revenue Growth, Promoter Group Increases Stake

Koura Fine Diamond Jewelry Limited has demonstrated exceptional financial performance in its half-year results while witnessing significant changes in its shareholding structure through recent promoter group acquisitions.

Outstanding Financial Performance

The company reported remarkable revenue growth for the half-year ended September 30, reaching Rs 6,000.78 crore compared to Rs 1,622.09 crore in the corresponding previous period, representing a substantial 270% year-on-year increase.

Financial Metrics (Rs crore):	H1 Current Year	H1 Previous Year	Growth (%)
Revenue from Operations:	6,000.78	1,622.09	+270%
Total Revenue:	6,009.71	1,653.59	+263%
EBITDA:	68.37	17.18	+298%
Profit Before Tax:	47.95	9.15	+424%
Net Profit:	35.75	6.86	+421%

The company's profitability metrics showed exceptional improvement, with EBITDA growing by 298% to Rs 68.37 crore and net profit surging by 421% to Rs 35.75 crore.

Substantial Acquisition by Promoter Group

In a recent development, the promoter group has significantly increased its stake in the company through preferential allotment. Soham Kamlesh Lodhiya, representing the promoter group, filed disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on December 24, 2025.

Acquisition Details:	Shares	Percentage
Charmi Kamlesh Lodhiya:	5,00,000 equity shares	8.33%
Soham Kamlesh Lodhiya:	2,85,000 equity shares	4.71%
Total Acquisition:	7,85,000 equity shares	14.95%

The acquisition was completed through allotment of equity shares pursuant to convertible warrants on December 23, 2025.

Enhanced Shareholding Structure

Following the recent acquisition, the promoter group's total holding has increased substantially:

Shareholding Pattern:	Before Acquisition	After Acquisition
Total Promoter Holding:	32,45,725 shares (61.81%)	40,30,725 shares (66.77%)
Equity Share Capital:	52,51,500 shares	60,36,500 shares
Diluted Share Capital:	-	67,51,500 shares

The promoter group includes key members such as Kamlesh Keshavlal Lodhiya, Pratibhaben Kamleshkumar Lodhiya, Jeetkumar Nileshkumar Makadia, Mirali Kamlesh Lodhiya, Rakesh Keshavlal Lodhiya, and others acting in concert.

Successful Capital Raising Initiative

The company had previously completed a comprehensive equity fundraising of Rs 499.07 crore through preferential allotment of shares and convertible warrants. The fundraising included allotment of 6,50,000 equity shares and issuance of 25,00,000 convertible share warrants at Rs 31.30 per share/warrant.

Management Perspective

Kamlesh Keshavlal Lodhiya, Managing Director, expressed satisfaction with the company's performance, stating that the significant growth in revenue and profitability reflects increasing demand for their products and successful execution of business strategies. The recent equity fundraising strengthens the financial position and supports growth initiatives.

With improved liquidity and a robust balance sheet, Koura Fine Diamond Jewelry Limited is well-positioned to capitalize on growth opportunities in the fine diamond jewelry market while benefiting from increased promoter commitment through enhanced shareholding.

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Koura Fine Diamond Jewelry Limited , a prominent player in the fine jewelry sector, has made significant moves to strengthen its capital structure and expand its investor base. The company's Board of Directors has approved two key financial decisions that are set to reshape its shareholding pattern and potentially fuel future growth.

Equity Share Allotment to Promoter

In a strategic move, the company has allotted 650,000 equity shares at a price of Rs. 31.30 each to promoter Jeetkumar Nileshkumar Makadia. This preferential allotment has raised Rs. 2.03 crore for the company. The impact on Makadia's shareholding is substantial, with his stake in the company increasing from 0.15% to 9.71% post-allotment.

Convertible Share Warrants Issuance

In addition to the equity share allotment, Koura Fine Diamond Jewelry has also approved the issuance of 2.5 million convertible share warrants. These warrants, priced at Rs. 31.30 each, have been allotted to a diverse group of 31 investors, including both promoters and non-promoters. This move has brought in an additional Rs. 1.96 crore to the company's coffers.

Key details of the warrant issuance include:

Conversion ratio: 1:1 (One warrant convertible into one equity share)
Conversion period: Within 18 months from the date of allotment
Total number of allottees: 31 (3 promoters and 28 non-promoters)

Notable Allottees

Among the prominent allottees of the convertible warrants are:

Charmi Kamlesh Lodhiya, Soham Kamlesh Lodhiya, and Mirali Kamlesh Lodhiya (Promoters): 500,000 warrants each
Patel Yagneshkumar (Non-Promoter): 159,000 warrants
Krishna Ramaiya and Hareshchandra R Ramaiya (Non-Promoters): 54,000 warrants each

Financial Implications

The combined capital raised through these two initiatives amounts to approximately Rs. 3.99 crore. This infusion of funds is expected to provide Koura Fine Diamond Jewelry with additional financial flexibility to pursue its growth strategies and operational objectives.

Market Impact

The allotted equity shares will rank pari-passu with the existing equity shares of the company and are set to be listed on the BSE. This move is likely to enhance the company's market presence and potentially improve liquidity for its shares.

Conclusion

These strategic financial decisions by Koura Fine Diamond Jewelry Limited demonstrate the company's commitment to strengthening its capital base and broadening its investor pool. As the jewelry market continues to evolve, such moves could position the company favorably for future growth opportunities and market challenges.

Investors and market watchers will be keen to observe how the company utilizes this fresh capital and the impact it has on its business operations and market performance in the coming months.