Board approves Rs 1,800 lakh rights issue, appoints new CFO
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Manoj Jewellers board approved a rights issue of equity shares of face value Rs 10 each to raise up to Rs 1,800 lakhs from existing eligible shareholders. Issue price, entitlement ratio and record date are yet to be decided. Separately, Mr. Sunil Shantilal was appointed as CFO effective 24 June 2026. He is already an Executive Director and Promoter, with over 14 years of experience in finance, accounting and taxation.
Existing shareholders may need to contribute more capital or face dilution. Fundraising purpose is not specified in the filing.