Koura Fine Diamond Jewelry Ltd (544139)
Q2 FY27 results
📅 Next results: 19 Oct 2026 (board meeting)Koura Fine Diamond Jewelry Ltd's board meets on 19 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, H2 FY26, Koura Fine's revenue was ₹31.8 Cr (+23.5% year on year, -47.0% on the previous half-year), and net profit ₹0.4 Cr (+300.0% year on year); the operating margin was 2.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹31.8 | +23.5% | -47.0% |
| Operating profit | ₹0.6 | +166.7% | +6.7% |
| Net profit | ₹0.4 | +300.0% | +11.1% |
| EPS (₹) | 0.66 | +135.7% | -14.3% |
| Operating margin | 2.0% | — | — |
📢 Recent Corporate Announcements
Promoter Kamlesh Keshavlal Lodhiya received an allotment of 3,50,000 convertible warrants on October 12, 2026, through a preferential issue. This allotment represents 4.76% of the company's expanded diluted share capital of 73,51,500 equity shares. Following this issuance, the promoter and promoter group aggregate holding stands at 72.62% of existing equity shares (43,83,475 shares) and 64.39% on a fully diluted basis. The company currently has an equity base of 60,36,500 shares and a market capitalization of approximately Rs 25 Cr.
- Allotment of 3,50,000 convertible warrants on 12th October, 2026 to promoter Kamlesh Lodhiya
- Warrants represent 4.76% of the total diluted share/voting capital
- Pre-issue equity capital stands at 60,36,500 shares; post-conversion diluted equity rises to 73,51,500 shares
- Promoter and PAC holding on a fully diluted basis becomes 64.39% (47,33,475 total shares/warrants)
Koura Fine Diamond Jewelry approved the allotment of 6,00,000 convertible warrants on a preferential basis at an issue price of ₹37 per warrant, totaling ₹2.22 crore. The company received the upfront 25% subscription money amounting to ₹55.50 lakh. The issue is split between promoter Kamlesh Keshavlal Lodhiya (3,50,000 warrants) and non-promoter Jogiya Geetaben Dhirajlal (2,50,000 warrants). The warrants are convertible into equity shares on a 1:1 basis within 18 months.
- Allotment of 6,00,000 convertible warrants at ₹37 each, totaling ₹2.22 crore
- Upfront 25% consideration of ₹55,50,000 received by the company
- Promoter Kamlesh Keshavlal Lodhiya allotted 3,50,000 warrants; post-conversion holding will be 39.88%
- Non-promoter Jogiya Geetaben Dhirajlal allotted 2,50,000 warrants, moving to a 3.46% post-conversion holding
- Warrants convertible into 1 equity share each within a tenure of 18 months
Koura Fine Diamond Jewelry has issued a corrigendum to its EGM notice regarding a proposed preferential issue of 6,00,000 convertible warrants at ₹37 each, aggregating ₹2.22 crore (~9.25% of market cap). Following BSE's observation that proposed allottee Mr. Anil Vrujlal Jogia sold shares during the relevant pricing period, he was deemed ineligible under SEBI ICDR Regulations and substituted with Mrs. Jogiya Geetaben Dhirajlal for 2,50,000 warrants. The company also rectified a clerical error in the valuation report subject line, which erroneously referenced another company. The EGM is scheduled for August 31, 2026, with remote e-voting running from August 28 to August 30, 2026.
- Preferential issue of 6,00,000 convertible warrants at ₹37 per warrant, aggregating up to ₹2.22 crore
- Substitution of ineligible allottee Mr. Anil Vrujlal Jogia with Mrs. Jogiya Geetaben Dhirajlal for 2,50,000 warrants
- Promoter Kamlesh Keshavlal Lodhiya allocated 3,50,000 warrants under the preferential issue
- EGM scheduled on August 31, 2026, with remote e-voting active from August 28 to August 30, 2026
Koura Fine Diamond Jewelry has scheduled an EGM for August 31, 2026, to approve a preferential issue of 6,00,000 convertible warrants at Rs. 37 per unit. The total fundraise of Rs. 2.22 Cr represents approximately 12.3% of the company's current market capitalization (Rs. 18 Cr). The warrants are being issued to the Promoter (3.5 lakh units) and one non-promoter (2.5 lakh units). The company is also increasing its authorized share capital to Rs. 7.40 Cr to facilitate this issuance.
- Preferential issue of 6,00,000 convertible warrants at an issue price of Rs. 37 each
- Total capital infusion of Rs. 2.22 Cr, equivalent to ~12.3% of current market cap
- Promoter Kamlesh Keshavlal Lodhiya to subscribe to 3,50,000 warrants (58% of the issue)
- Authorized share capital being increased by Rs. 20 Lakhs to a new total of Rs. 7.40 Cr
- E-voting for shareholders scheduled from August 28 to August 30, 2026
Koura Fine Diamond Jewelry has approved a preferential issue of 6,00,000 convertible warrants at Rs 37 per warrant, aiming to raise a total of Rs 2.22 crore. The issue is split between the promoter (3,50,000 warrants) and a non-promoter (2,50,000 warrants). This fundraise represents approximately 11.7% of the company's current market capitalization of Rs 19 crore. Investors are required to pay 25% upfront, with the remaining 75% due upon conversion within 18 months.
- Total fundraise of Rs 2.22 crore through the issuance of 6,00,000 convertible warrants
- Issue price of Rs 37 per warrant includes a premium of Rs 27 per share
- Promoter Kamlesh Keshavlal Lodhiya to subscribe to 3,50,000 warrants, signaling internal commitment
- Authorized share capital increased from Rs 7.20 crore to Rs 7.40 crore to facilitate the issue
- Extra Ordinary General Meeting (EGM) scheduled for August 31, 2026, to seek shareholder approval
Koura Fine Diamond Jewelry has scheduled a board meeting for August 6, 2026, to consider raising funds through a preferential allotment of equity shares or convertible warrants. The company also intends to increase its authorized share capital to facilitate this issuance. Given the company's micro-cap status of Rs 17 Cr, the size of the fundraise will be highly material relative to its current equity base. The proposal includes consideration for both cash and 'other than cash,' suggesting potential asset acquisitions or strategic swaps.
- Board meeting scheduled for August 6, 2026, to approve fund raising via preferential allotment
- Proposal includes issuance of Equity Shares, convertible warrants, or other instruments
- Trading window for insiders closed from July 31, 2026, until 48 hours after the meeting
- Company currently has a small market capitalization of Rs 17 Cr and TTM PAT of Rs 1 Cr
- Proposal includes 'other than cash' consideration, indicating potential non-cash asset acquisitions
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
