MOKSHNSEMoksh Ornaments LimitedHighPositive
Announced Wed, 29 Apr · 16:55 IST

Moksh Ornaments Limited has informed the Exchange regarding Outcome of Board Meeting held on April 29, 2026.

Fund Raising View source PDF

MOKSH · price

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Price reaction · full curve 14 horizons · vs prior close
+7.7%1-day move
₹13.00
prior close
₹13.06
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AI summary

The Board of Directors approved two key financial proposals: enhancement of borrowing powers to ₹3500 Crores and creation of charge on company assets for borrowings up to ₹2500 Crores. Both proposals require shareholder approval through postal ballot, which will be conducted via remote e-voting. A practicing company secretary has been appointed as scrutinizer for the postal ballot process. The meeting lasted about 45 minutes.

Likely market impact

This expands the company's debt-raising capacity significantly, giving management more flexibility for future borrowings. Shareholders will vote via postal ballot to approve these financial powers.