EGM approves conversion of 2.5 lakh preference shares to CCPS
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.3 pts less than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manoj Ceramic's EGM on Oct 15, 2026 approved two special resolutions to convert 1,00,000 and 1,50,000 existing 15% Non-Cumulative Redeemable Preference Shares into 15% Compulsorily Convertible Preference Shares of Rs 100 each. The meeting was held via video conferencing with 8 members present. Voting results will be filed separately with BSE within 2 working days.
Existing preference shares will convert to CCPS, which may dilute equity on future conversion. Detailed voting results awaited.