Motisons Jewellers Limited has informed the Exchange regarding Outcome of Board Meeting held on March 06, 2026.
MOTISONS · price
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Motisons Jewellers' board, at its March 6, 2026 meeting, approved raising funds of up to Rs. 350 Crore through the issuance of equity shares and/or securities convertible into equity. The fund-raising can be done through a 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 company has appointed Aryaman Financial Services Limited as the Book Running Lead Manager for the proposed QIP. Additionally, the board approved increasing the authorized share capital from Rs. 125 Crore to Rs. 132 Crore to accommodate the new issuance. A postal ballot will be conducted to seek shareholder approval for the proposal.
This is a large potential capital raise that could lead to equity dilution for existing shareholders. The specific use of proceeds and pricing details have not been disclosed yet, which may create uncertainty in the stock until further clarity emerges.