This is to inform that the Board of Directors in its meeting held today, i.e. on August 26, 2025 have inter-alia considered and approved the allotment of the equity shares on the preferential ....
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The Board of Directors of PNGS Gargi Fashion Jewellery Ltd approved the allotment of 1,12,500 equity shares of face value Rs. 10 each at a price of Rs. 970 per share on a preferential basis. The total capital raised aggregates to approximately Rs. 10.91 crores. The shares were allotted to a mix of promoters and public/category investors — promoters Govind Gadgil and Renu Gadgil together received 90,000 shares (45,000 each), while four public allottees (Dimple Shah, Rahul Misra, Seema Chawla, Govind Gadgil-related, and others listed) received 7,500 shares each. Post-allotment, the paid-up equity share capital of the company has increased to Rs. 10.47 crores comprising 1,04,70,303 equity shares of Rs. 10 each. The issue price was determined in accordance with Chapter V of SEBI's ICDR Regulations, and the new shares rank pari-passu with existing equity shares.
The preferential issue brings in fresh capital of around Rs. 10.91 crores and signals promoter confidence as they have subscribed to a large portion of the allotment. However, the issuance will dilute the equity stake of existing public shareholders, and the significantly high issue price (Rs. 970 vs face value Rs. 10) reflects a strong valuation being placed on the company.