PNGS Gargi Fashion Jewellery Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/05/2025 ,inter alia, to consider and approve the Audited Financial ....
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PNGS Gargi Fashion Jewellery has informed BSE that its Board of Directors will meet on Friday, May 9, 2025. The main agenda is to consider and approve the Audited Financial Results for the financial year ended March 31, 2025. Additionally, the Board will discuss a proposal to raise funds by issuing equity shares or other eligible securities through methods such as Qualified Institutions Placement (QIP), preferential issue, convertible warrants, rights issue, or private placement. Any such fundraising will require shareholder and regulatory approvals.
The May 9 meeting will bring clarity on FY25 annual results, but the agenda also signals a potential equity fundraising, which could lead to dilution for existing shareholders depending on the size and method of issuance eventually approved.