Motisons Jewellers Limited has informed the Exchange regarding Outcome of Board Meeting held on March 06, 2026.
MOTISONS · price
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On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.3 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Motisons Jewellers' board, at its March 6, 2026 meeting, approved raising funds of up to Rs. 350 Crore through the issue of equity shares or other convertible securities. The funds may be raised via public issue, preferential allotment, rights issue, private placement, or a Qualified Institutions Placement (QIP), in one or more tranches, subject to shareholder and regulatory approvals. The board also approved increasing the company's authorised share capital from Rs. 125 Crore to Rs. 132 Crore to accommodate the proposed issuance. Aryaman Financial Services has been appointed as the Book Running Lead Manager for the QIP. A postal ballot will be sent to shareholders to seek their approval for the fundraise and related changes.
This is a significant capital-raising plan of up to Rs. 350 Crore, which could lead to equity dilution for existing shareholders once the mode and pricing are finalised. The stock may see volatility as details of the issuance (price, structure, timing) emerge following shareholder approval.