Guru Krupa Gems reports non-allotment in preferential issue after proposed investor withdraws
Guru Krupa Gems and Jewellery Ltd has announced that no equity shares have been allotted under a planned preferential issue, following the failure of the transaction due to operational delays. The company stated that while the issue was approved for up to 32 lakh equity shares valued at Rs. 9 crore, the proposed allottee did not remit the subscription amount and consequently withdrew from the investment.The board meeting held on June 16, 2026, reviewed the outcome of the preferential issue, which involved offering Equity Shares of face value Rs. 10/- each at an issue price of Rs. 28.20/- per share to Krina Creation Private Limited, a non-promoter entity.
The company confirmed that the non-allotment occurred because the proposed allottee was unable to proceed with the investment following delays in receiving In-Principle Approval from BSE Limited. As no subscription money was received, zero shares were allotted to Krina Creation Private Limited.
Guru Krupa Gems and Jewellery Ltd stated that there is no change in the issued, subscribed, or paid-up equity share capital of the company as a result of this matter. The paid up equity share capital remains at Rs. 15,04,00,000/-, comprising 1,50,40,000 Equity Shares of Rs. 10/- each.
The management noted that the company is continuing to evaluate its fund-raising requirements and may pursue a fresh preferential issue or other permissible methods of capital raising in the future.
Key details regarding the proposed preferential issue and its outcome are summarized below:
| Particulars | Details |
|---|---|
| Name of Proposed Allottee | Krina Creation Private Limited |
| Type of Securities Offered | Equity Shares |
| Number of Shares Proposed | 32,00,000 |
| Issue Price per Share | Rs. 28.20 |
| Subscription Amount Received | Nil |
| Number of Shares Allotted | Nil |
| Outcome of the Subscription | No subscription amount received and consequently no shares allotted. |
| Post-event Paid-up Capital | Rs. 15,04,00,000/- divided into 1,50,40,000 Equity Shares of Rs. 10/- each |
The company reiterated that its shareholding pattern remains unchanged following the outcome of the proposed preferential issue.
Stock Price Movement
Trading finished for Guru Krupa Gems and Jewellery Ltd., with the stock settling at ₹36.45 after seeing a 1.00% decline. Throughout the session, shares experienced an intraday range, touching highs up to ₹37.48 before finding lows near ₹36.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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