Moksh Ornaments Limited has informed the Exchange regarding Outcome of Board Meeting held on August 20, 2025.
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Moksh Ornaments Limited's Board, at its meeting on August 20, 2025, approved two preferential allotments. First, 45 lakh equity shares (face value Rs. 2) were allotted to promoter Amrit Jawanmalji Shah at Rs. 15 per share, raising Rs. 6.75 crore. Second, 45 lakh fully convertible warrants (face value Rs. 2) were allotted to promoter group member Sangeeta Amritlal Shah at Rs. 15 per warrant, with a potential to raise another Rs. 6.75 crore upon conversion within 18 months. Of the warrant price, 25% (Rs. 1.69 crore) has been received upfront, with the balance 75% payable at the time of conversion into equity shares. The total potential capital infusion from promoter entities stands at approximately Rs. 13.5 crore.
This is a positive signal of promoter confidence and commitment to the company, as the capital is being infused entirely by promoter and promoter group entities. However, shareholders should note that conversion of the 45 lakh warrants within 18 months will lead to further dilution of their holdings in the company.