Motisons Jewellers Limited has informed the Exchange regarding Proceedings of Postal Ballot
MOTISONS · price
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Motisons Jewellers Limited has completed the postal ballot voting process for two resolutions. The e-voting period ran from March 27 to April 25, 2026. Resolution 1 was a Special Resolution seeking shareholder approval to raise funds by issuing equity shares and/or other eligible securities. Resolution 2 was an Ordinary Resolution to increase the company's authorised share capital and amend the Memorandum of Association accordingly. The company has appointed a scrutinizer to verify the votes, and results will be declared and communicated to stock exchanges after the scrutinizer submits their report within the stipulated timeline.
The approval of both resolutions indicates the company is preparing for capital expansion activities. Fundraising through equity issuance may lead to share dilution, while the authorised capital increase signals potential future growth plans. Shareholders should await the official voting results for confirmation.