guru krupa gems & jewellery has reported the non-allotment of equity shares under a preferential issue after the proposed investor, Krina Creation Private Limited, withdrew from the transaction. The Board of Directors, at its meeting held on June 16, 2026, noted that the allottee decided not to proceed with the investment due to a delay in receiving the In-Principle Approval from BSE Limited. Consequently, the company did not receive the subscription amount required for the allotment.

Background of the Proposed Issue

The members of the company had previously approved the preferential issue of up to 32,00,000 equity shares with a face value of Rs. 10 each at an issue price of Rs. 28.20 per share. The proposed issue was intended to aggregate up to Rs. 9,02,40,000 and was to be allotted to Krina Creation Private Limited, belonging to the Non-Promoter Category. The issuance was to be conducted in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013.

Outcome and Capital Status

Since no subscription money was received, the company was unable to proceed with the allotment. The Board confirmed that the proposed preferential issue stands unimplemented and that there is no change in the issued, subscribed, and paid-up equity share capital of the company. The paid-up equity share capital continues to remain at Rs. 15,04,00,000, divided into 1,50,40,000 equity shares of Rs. 10 each. The shareholding pattern of the company also remains unchanged.

Future Fund-Raising Plans

The Board stated that the company continues to evaluate its fund-raising requirements and may undertake a fresh preferential issue or explore other permissible modes of raising capital in the future. The company will make necessary disclosures and seek requisite approvals under applicable laws at the appropriate time.

Details of the Preferential Issue

guru krupa gems & jewellery has secured in-principle approval from BSE Limited to issue 32,00,000 equity shares on a preferential basis. The approval, dated June 01, 2026, allows the company to proceed with the allotment of shares priced at Rs. 10.00 each. This move is intended to raise capital through the preferential allotment route.

The stock exchange issued the approval letter vide reference number LOD/PREF/TT/FIP/291/2026-27. The communication was addressed to the company in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval is a critical step before the final allotment of shares to the identified investors.

Key Details of the Approval

The following table outlines the specifics of the preferential issue approval received by the company:

The intimation regarding this approval was submitted to the exchange on June 02, 2026. The filing was signed by Akshay S Mehta, Managing Director of the company. The preferential issue is subject to the final approval of the shareholders and other statutory compliances as required.