Golkunda Diamonds: Preferential Issue to Dilute Promoters to 16.19%

Golkunda Diamonds & Jewellery Ltd has issued a clarification regarding its preferential issue of convertible warrants, updating the post-issue shareholding details. The company allotted 12,40,000 convertible warrants to 24 non-promoter entities. Upon conversion, these warrants will constitute 15.11% of the expanded paid-up capital. As a result of this preferential issue, the shareholding of the promoter and promoter group will be diluted from 19.08% to 16.19% of the total shares.