Motisons Jewellers Board Approves Rs. 350 Crore Fund Raising and Capital Restructuring

Motisons Jewellers Limited's board of directors convened on March 06, 2026, to approve significant fund raising and capital restructuring initiatives. The meeting, held from 5:30 PM to 7:00 PM, resulted in several key decisions aimed at strengthening the company's financial position and expanding its capital base. Fund Raising Initiative The board approved raising funds through the issuance of equity shares and other securities convertible into equity shares for an aggregate amount not exceeding Rs. 350 crore. This fund raising will be executed through various permissible modes as decided by the company's management. Parameter: Details Maximum Fund Size: Rs. 350 crore Securities Type: Equity shares and convertible securities Issuance Modes: Public issue, preferential allotment, rights issue, private placement, QIP Regulatory Compliance: Subject to SEBI regulations and shareholder approval Authorized Share Capital Enhancement The board approved a significant increase in the company's authorized share capital structure. The existing authorized share capital of Rs. 125 crore will be expanded to Rs. 132 crore, representing a strategic move to accommodate future growth plans. Capital Component: Current Structure Proposed Structure Total Authorized Capital: Rs. 125 crore Rs. 132 crore Equity Share Capital: Rs. 115 crore (115 crore shares of Re. 1 each) Rs. 122 crore (122 crore shares of Re. 1 each) Preference Share Capital: Rs. 10 crore (1 crore shares of Rs. 10 each) Rs. 10 crore (1 crore shares of Rs. 10 each) Key Appointments and Procedural Decisions The board made several important appointments to facilitate the fund raising process: Book Running Lead Manager: M/s. Aryaman Financial Services Limited was appointed as the merchant banker for the Qualified Institutions Placement issue Scrutinizer Appointment: Mr. Akshit Kumar Jangid, Practicing Company Secretary (FCS 11285, CP No. 16300), partner of M/s Pinchaa & Co., Jaipur, was designated to scrutinize the postal ballot and e-voting process Postal Ballot Process: The board approved issuing a notice of postal ballot to seek shareholder approval for the proposed fund raising and related actions under Section 110 of the Companies Act, 2013 Regulatory Compliance and Next Steps The fund raising initiative will be conducted in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The company has provided detailed disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifying that the securities will be equity shares issued through various permissible modes. All proposed actions remain subject to obtaining necessary regulatory approvals, statutory clearances, and most importantly, shareholder approval through the postal ballot process. The company will proceed with the implementation of these initiatives upon receiving the required approvals and meeting all compliance requirements. Motisons Jewellers has officially announced that its Board of Directors will convene on March 6, 2026, to deliberate on a comprehensive fund raising proposal worth up to ₹350 crore. The meeting has been scheduled in compliance with Regulation 29 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Board Meeting Agenda The upcoming board meeting will address several critical corporate actions beyond the primary fund raising proposal. The company has outlined a comprehensive agenda that includes strategic financial decisions and regulatory compliance measures. Meeting Details: Information Date: March 6, 2026 Fund Raising Amount: Up to ₹350 crore Offering Methods: Public/Private offerings, QIP Regulatory Compliance: Regulation 29 SEBI Listing Regulations Fund Raising Structure The proposed fund raising initiative encompasses multiple financing avenues including public offerings, private placements, and qualified institutional placements. The company plans to execute this in one or more tranches through various issuances, subject to statutory and regulatory approvals including shareholder consent. Corporate Actions Under Consideration Beyond the primary fund raising proposal, the board will deliberate on increasing the company's authorized share capital and consequent amendments to the Capital Clause of the Memorandum of Association. Additionally, the board will consider approving a postal ballot notice to seek shareholders' approval for the fund raising matter. Additional Agenda Items: Details Authorized Capital Increase: Under consideration Postal Ballot Approval: For shareholder consent Merchant Banker Appointment: For fund raising process MOA Amendments: Capital Clause modifications Regulatory Compliance and Next Steps The company has issued the meeting notice to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stock exchanges. The notice has also been uploaded on the company's official website at www.motisonsjewellers.com , ensuring comprehensive disclosure to all stakeholders. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.