PNGS Gargi Fashion Jewellery Ltd has received in-principle approval from BSE for a preferential issue of 1,12,500 new equity shares.

These shares, with a face value of Rs. 10 each, will be issued at a price of not less than Rs. 970 per share to both promoters and non-promoters.

This key approval paves the way for the company to raise approximately Rs. 10.91 crore.

This capital infusion is significant as it will strengthen the company's financial position and can be utilized to support future business growth initiatives, directly benefiting stakeholders.