Fivex Capital VCC Discloses Substantial Acquisition in Shoora Designs Under SEBI SAST Regulations

Fivex Capital VCC-Fivex Emerging Star Fund, a Variable Capital Company incorporated in the Republic of Singapore, has submitted a formal disclosure to BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated 17th May 2026. The disclosure pertains to the substantial acquisition of shareholding in Shoora Designs Limited. The acquirer has confirmed that it does not belong to the promoter or promoter group of the target company.

Acquisition Details for Shoora Designs Limited

The filing provides a detailed breakdown of the acquirer's shareholding position in Shoora Designs Limited before and after the transaction. The shares were acquired through the open market on 12th May 2026, and the salient features of the securities acquired are noted as not applicable. The equity share capital and total voting capital of the target company remained unchanged at 46,23,662 shares both before and after the acquisition.

The following table summarises the key details of the acquisition:

Parameter: Details Target Company: Shoora Designs Limited Acquirer: Fivex Capital VCC-Fivex Emerging Star Fund Stock Exchange Listed: BSE Mode of Acquisition: Open Market Date of Acquisition: 12th May 2026 Shares Acquired: 42,000 % of Total Share/Voting Capital Acquired: 0.91% Equity Share Capital (Before Acquisition): 46,23,662 Equity Share Capital (After Acquisition): 46,23,662 Total Diluted Share/Voting Capital (After Acquisition): 46,23,662

Shareholding Position Before and After Acquisition

The acquisition resulted in a notable increase in the acquirer's stake in Shoora Designs Limited. The table below presents the comparative shareholding position:

Metric: Number of Shares % of Total Share/Voting Capital % of Total Diluted Share/Voting Capital Holding Before Acquisition: 2,08,500 4.51% 4.51% Shares Acquired: 42,000 0.91% 0.91% Holding After Acquisition: 2,50,500 5.42% 5.42%

Regulatory Compliance and Filing Details

The disclosure was filed in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates acquirers to notify stock exchanges upon crossing prescribed shareholding thresholds. The filing was addressed to the General Manager (DCS) at BSE Limited, P J Towers, Dalal Street, Fort, Mumbai-400001. The acquirer, operating under the Unique Entity Number T25VC0047K, submitted the disclosure from Singapore on 17th May 2026.

Shoora Designs Limited, a Surat-based diamond manufacturing and trading company, has announced its unaudited financial results for the half-year ended September 30, 2025. The company's performance shows a decline in both revenue and profitability compared to the previous period.

Financial Highlights

Metric H1 FY2026 Previous Period Change Revenue from Operations Rs. 189.74 lakhs Rs. 232.90 lakhs -18.5% Profit After Tax Rs. 2.03 lakhs Rs. 27.72 lakhs -92.7% Basic Earnings Per Share Rs. 0.04 Rs. 1.82 -97.8%

The company's revenue from operations decreased by 18.5% to Rs. 189.74 lakhs, down from Rs. 232.90 lakhs in the previous period. More significantly, the profit after tax saw a substantial decline of 92.7%, falling to Rs. 2.03 lakhs from Rs. 27.72 lakhs. This sharp decrease in profitability is also reflected in the basic earnings per share, which dropped from Rs. 1.82 to Rs. 0.04.

Balance Sheet Changes

Shoora Designs reported some notable changes in its balance sheet:

Inventories increased to Rs. 1,921.45 lakhs from Rs. 1,529.42 lakhs as of March 31, 2025, indicating a 25.6% rise.

Cash and cash equivalents saw a significant decline, falling to Rs. 43.51 lakhs from Rs. 384.16 lakhs, a decrease of 88.7%.

Company Operations

Shoora Designs Limited operates primarily in the manufacturing and trading of diamonds. The company's main operations include:

Sourcing of rough, polished, and uncut diamonds

Sales to retail and wholesale operations in Gujarat and Mumbai

The company's primary operational base is in Surat, Gujarat, a major hub for diamond processing in India.

Board Meeting and Results Approval

The board of directors of Shoora Designs Limited convened on November 12, 2025, at the company's registered office in Surat. During this meeting, the board considered and approved the standalone unaudited financial results for the half-year ended September 30, 2025. The meeting, which commenced at 11:00 A.M., concluded at 12:00 P.M.

Auditor's Review

Piyush Kothari & Associates, Chartered Accountants, conducted a limited review of the financial results. In their report, they stated that based on their review, nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

The financial results and the limited review report have been submitted to the BSE Limited in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders should note that these results reflect the company's performance in a challenging period, with significant decreases in revenue and profitability. The substantial increase in inventories coupled with the sharp decline in cash and cash equivalents may indicate potential liquidity concerns that warrant close monitoring in the coming quarters.

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