Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, In-Principle approval dated August 14, 2025 received for issue of 1,12,500 Equity Shares to Promoters and Non-promoters on preferential ....
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Awaiting price reaction for this filing.
PNGS Gargi Fashion Jewellery Ltd has received in-principle approval from BSE (dated August 14, 2025) to issue 1,12,500 equity shares of Rs. 10 face value at a price not less than Rs. 970 per share on a preferential basis to promoters and non-promoters. The total issue size is approximately Rs. 10.91 crore at the floor price. This is the exchange's initial clearance, and the company still needs to complete the actual allotment and file a separate listing application within 20 days of allotment. BSE has also advised the company to strengthen internal controls to prevent any non-compliant trading by the proposed allottees before the allotment date.
The preferential issue will lead to dilution of existing shareholders as new shares are issued to promoters and non-promoters. Promoters participating in the issue signals their continued confidence, though the Rs. 970 price is the floor and the actual allotment price will determine the dilution extent. Investors should watch for the final allotment and the purpose of fundraise, which is not disclosed in this filing.