BSE Grants In-Principle Approval for Guru Krupa Gems Preferential Issue

BSE Limited has granted in-principle approval for Guru Krupa Gems and Jewellery Ltd's preferential issue of 32,00,000 equity shares of Rs. 10/- each at a price not less than Rs. 28.20/- to non-promoters. The approval is subject to the company complying with all relevant regulations, including those from SEBI and the Companies Act. BSE has advised the company to strengthen internal controls and obtain undertakings from allottees to prevent intra-day trading and ensure compliance with SEBI (ICDR) Regulations. The company must apply for listing within twenty days of allotment.