Corporate Action3 Jun 2026, 05:22 pm
Guru Krupa Gems gets BSE in-principle approval for preferential issue
AI Summary
Guru Krupa Gems and Jewellery Ltd has received in-principle approval from BSE Limited for the 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 compliance with all applicable regulations, including SEBI's ICDR and LODR Regulations. The company has been advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions. The final listing of these shares is contingent upon fulfilling all post-approval formalities and obtaining necessary statutory approvals.
Key Highlights
- BSE grants in-principle approval for preferential issue of 3.2 million shares.
- Issue price set at a minimum of Rs. 28.20 per share.
- Approval is conditional on regulatory compliance and internal control strengthening.
- Allottees must provide undertakings against intra-day trading.
- Final listing requires adherence to post-issue formalities.
Price Impact
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