Description

BSE announces listing of 10,76,000 new equity shares of KOURA FINE DIAMOND JEWELRY LIMITED issued on preferential basis pursuant to warrant conversion, effective January 28, 2026.

Summary

BSE has listed 10,76,000 new equity shares of KOURA FINE DIAMOND JEWELRY LIMITED (Scrip Code: 544139) with effect from January 28, 2026. The shares were issued on a preferential basis pursuant to warrant conversion - 6,50,000 shares to promoters and 4,26,000 shares to non-promoters. All shares are subject to lock-in periods and rank pari-passu with existing equity shares.

Key Points

  • Total new shares listed: 10,76,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 31.30/- per share (Rs. 10/- face value + Rs. 21.30/- premium)
  • Allotment to promoters: 6,50,000 shares (Dist. Nos. 3601501 to 4251500) on August 22, 2025
  • Allotment to non-promoters: 4,26,000 shares (Dist. Nos. 4251501 to 4677500) on September 10, 2025
  • Shares issued pursuant to conversion of warrants on preferential basis
  • ISIN: INE0M8R01011
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing of new securities for trading operations
  • Lock-in restrictions must be enforced as per specified timelines
  • Shares cannot be transferred until lock-in period expires

Important Dates

  • Allotment Date (Promoters): August 22, 2025
  • Allotment Date (Non-Promoters): September 10, 2025
  • Trading Commencement Date: January 28, 2026
  • Lock-in Expiry (Promoter Shares): July 31, 2027
  • Lock-in Expiry (Non-Promoter Shares): July 31, 2026

Impact Assessment

Market Impact: Low - This is a routine listing event for preferential allotment shares. The issue size is relatively small (10.76 lakh shares) and all shares are under lock-in, preventing immediate trading impact.

Liquidity Impact: Minimal immediate impact as promoter shares are locked for approximately 18 months and non-promoter shares for 6 months from the circular date.

Investor Impact: Limited - Existing shareholders should note the equity dilution, though the preferential issue was completed in 2025. The lock-in periods provide stability by preventing immediate selling pressure.

Impact Justification

Routine listing of preferential allotment shares post warrant conversion. Limited market impact given small issue size and lock-in restrictions on all shares.