The meeting of Board of Directors of the Company is scheduled to be held on April 05, 2025 to consider and approve raising of Funs along with any other matters.
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Gautam Gems Ltd has informed BSE that its Board of Directors will meet on April 05, 2025 to consider and approve raising of funds. The funds could be raised through a wide range of options including equity shares, warrants, depository receipts, FCCBs, or convertible securities, via preferential issue, QIP, rights issue, ADR, GDR, FCCB, or any combination. No specific amount, pricing, or mode has been disclosed yet. The company also mentioned the trading window is already closed for insiders ahead of the audited financial results for FY25, with a separate board meeting for those results to be announced later.
This is a preliminary intimation only — no concrete fundraising details (size, price, instrument, or investor) have been revealed. Shareholders should wait for the April 05 board outcome and subsequent disclosures for clarity on dilution risk and the use of proceeds. Short-term stock reaction may be muted until specifics are announced.