Please find attached In-principle approval received from the stock exchange vide reference letter number LOD/PREF/TT/FIP/291/2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Small-cap gems and jewellery company Guru Krupa Gems and Jewellery Ltd (BSE scrip 540545) has received BSE's in-principle approval to issue 32,00,000 equity shares on a preferential basis. The shares carry a face value of Rs. 10 each and will be allotted at a price of not less than Rs. 28.20 per share, implying a minimum fund raise of around Rs. 9.02 crore. The allottees are non-promoter entities/persons. This is only the stock exchange's go-ahead under SEBI ICDR rules — the actual allotment and subsequent listing application still need to be completed within the timelines prescribed by SEBI.
Existing shareholders will see dilution once these 32 lakh new shares are allotted; however, the price of Rs. 28.20 is at a meaningful premium to face value, which is mildly positive. Investors should watch for the next disclosure on allotment, identity of non-promoter allottees, and the stated purpose of the funds raised.