Moksh Ornaments Limited has informed the Exchange regarding Board meeting held on Jun 20, 2025.
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Moksh Ornaments Limited's board, at its meeting on June 20, 2025, approved a preferential issue of up to 45,00,000 equity shares of face value Rs. 2 each at an issue price of Rs. 15 per share. The total consideration aggregates to approximately Rs. 6.75 crore. The entire issue is proposed to be allotted to Amrit Jawanmalji Shah, the promoter of the company, in accordance with Sections 42 and 62 of the Companies Act, 2013 and SEBI ICDR Regulations. Post-issue, the promoter's holding will rise from 30.37% (2,54,35,060 shares) to 32.28% (2,99,35,060 shares), assuming full subscription.
The preferential allotment to the promoter signals promoter confidence and a small equity infusion of Rs. 6.75 crore for cash, marginally increasing the promoter's stake by about 1.9 percentage points. Existing minority shareholders may see modest dilution, but the size of the issue is relatively small compared to the existing share base.