This is to inform you that Meeting of the Board of Directors of the Company held on Saturday, April 05, 2025, at the Registered Office of the Company discussed and approved the following: 1. ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Gautam Gems Limited, meeting on April 5, 2025, approved a rights issue of equity shares to existing shareholders to raise up to Rs. 49 crores. The exact number of shares, entitlement ratio, issue price, record date, and timeline are yet to be finalised by the board. The company will share further details, including the draft letter of offer, in due course. The purpose of the fund raise has not been specified in this filing.
Existing shareholders may see dilution if they do not subscribe to their rights entitlement. The stock could face short-term pressure until the issue price and ratio are announced, as these will determine the dilution impact.