The Board considered and approved the agendas mentioned in the attached outcome of board meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhakti Gems and Jewellery Limited's board, which met on December 5, 2025, approved issuing 32,00,000 equity shares via preferential allotment to Krina Creation Private Limited, a non-promoter entity, subject to shareholder approval. A postal ballot notice along with a draft private placement offer letter (PAS-4) and a valuation report were also approved to facilitate this fundraising. NSDL was appointed as the e-voting agency, with December 5, 2025 set as the cut-off date for eligible shareholders. Additionally, Mr. Saurabh Mahendra Shah was appointed as an Additional Executive Director, and the board noted a planned change in the company's name to be included in the postal ballot notice.
The preferential allotment of 32 lakh shares will dilute existing shareholders' stakes and bring in new capital from Krina Creation Pvt Ltd, while the new director appointment and possible name change signal strategic restructuring. Shareholders will get to vote on these proposals via postal ballot in the coming weeks.