KFKoura Fine Diamond Jewelry544139Warrant news

Board approved H1 results, allotted 2.15 lakh equity shares on warrant conversion, appointed new CFO

Board allotted 2.15 lakh equity shares of Rs. 10/- each at Rs. 31.30/- per share to Soham Kamlesh Lodhiya on conversion of 2.15 lakh warrants.

By ScoutQuest · Mon 19 Oct 2026, 4:34 PM IST · 3 min read

Shares Allotted on Warrant Conversion

2.15 lakh equity shares

Issue Price per Share

Rs. 31.30/- per share (face value Rs. 10/- each)

Total Consideration

Rs. 67,29,500

Share allotment on warrant conversion

The Board approved the allotment of 2.15 lakh equity shares of face value Rs. 10/- each at an issue price of Rs. 31.30/- per share, which includes a premium of Rs. 21.30/- per share.

• The allotment follows conversion of 2.15 lakh warrants, on a one-warrant-to-one-share basis.
• The balance consideration, being 75% of the issue price of the warrants, was received.
• The sole allottee named is Soham Kamlesh Lodhiya, with total consideration of Rs. 67,29,500.
• The new shares rank pari-passu with the existing equity shares and will be listed on BSE Ltd.

Half-year financial results (approved, unaudited)

• Revenue from operations: Rs. 6,383.72 lakh, against Rs. 6,000.78 lakh in the half year ended 30 September 2025.
• Total revenue: Rs. 6,384.85 lakh, against Rs. 6,009.71 lakh.
• Total expenses: Rs. 5,965.58 lakh.
• Profit before tax: Rs. 419.27 lakh; tax expense Rs. 105.53 lakh.
• Profit for the period: Rs. 313.74 lakh, against Rs. 35.75 lakh in the year-earlier half.
• Earnings per share (basic and diluted, not annualised): Rs. 5.20, against Rs. 0.76.
• For the year ended 31 March 2026 (audited), revenue from operations was Rs. 9,178.57 lakh and profit for the year Rs. 75.91 lakh.

Balance sheet snapshot as at 30 September 2026

• Total equity and liabilities / total assets: Rs. 3,740.95 lakh, against Rs. 1,844.05 lakh as at 31 March 2026.
• Inventories: Rs. 1,643.27 lakh; trade receivables Rs. 1,847.33 lakh; cash and bank balances Rs. 65.79 lakh.
• Short term borrowings: Rs. 76.79 lakh; trade payables Rs. 1,042.36 lakh.
• Share warrants outstanding on the balance sheet: Rs. 55.94 lakh.

The statutory auditors carried out a limited review of the results, and the figures were recommended by the Audit Committee and approved by the Board.

Use of funds raised

• Mode of fund raising: preferential issue; date of allotment 22 August 2025.
• Total issue size: Rs. 985.95 Lakhs.
• Amount raised as on 30-09-2026: 818.11 Lakhs, split as 203.45 Lakhs (equity shares), 558.71 Lakhs (conversion of warrants into equity shares) and 55.95 Lakhs (share warrants).
• Utilisation: working capital object 788.76 allocated and 788.76 utilised; general corporate purposes 197.19 allocated and 29.35 utilised.
• The company reported no deviation or variation in use of the funds raised.

Change in chief financial officer

• Ms. Charmi Kamlesh Lodhiya tendered her resignation as Chief Financial Officer and Key Managerial Person on 19 October 2026, citing better career growth, with her last working day as CFO being 19 October 2026. She will continue to serve as a Whole-time Director of the company.
• The Board appointed Mr. Soham Kamlesh Lodhiya as Chief Financial Officer and Key Managerial Personnel with effect from 19 October 2026.
• Mr. Soham Lodhiya has been a Whole-time Director of the company with effect from 3 September 2025, belongs to the promoter group and holds a Bachelor's Degree in Architecture.
• He is a relative of Mr. Kamlesh Lodhiya (Managing Director), Ms. Charmi Lodhiya (Whole-time Director) and Mrs. Pratibha Lodhiya (Non-executive Director).

What to keep in mind

• The share issue adds 2.15 lakh new equity shares, which brings in fresh money of Rs. 67,29,500 to the company and marginally increases the share capital base.
• The management change is internal: the outgoing CFO remains on the Board as a Whole-time Director, and the incoming CFO is already a Whole-time Director from the promoter group.

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