Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 as amended from time to time BSE limited has issued an In-Principle approval letter as attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Guru Krupa Gems and Jewellery Ltd has received in-principle approval from BSE for issuing 32,00,000 (32 lakh) equity shares of face value Rs. 10 each on a preferential basis to a non-promoter. The issue price has been fixed at not less than Rs. 28.20 per share, implying a minimum total raise of around Rs. 9.02 crore. The BSE approval letter is dated June 01, 2026. This is only an in-principle (initial) clearance — the company still needs to complete allotment and file a separate listing application within 20 days of allotment.
The preferential allotment will dilute existing shareholders and bring in fresh equity capital of roughly Rs. 9 crore at a price above face value. Since the shares are being issued to a non-promoter, it suggests a strategic or financial investor is coming in, which could be positive if the funds are used for growth, though existing shareholders will see their stake reduce.