Motisons Jewellers Limited has informed the Exchange about General Updates
MOTISONS · price
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Motisons Jewellers has signed an MoU with Moti Developers, a partnership firm, to construct and develop a new jewellery showroom in Udaipur, Rajasthan. Once the showroom is built, it will be leased back to Motisons Jewellers on mutually agreed terms. The deal is described as being in the ordinary course of business and is aimed at supporting the company's retail expansion. Notably, Moti Developers is a related party — four members of the Chhabra promoter/promoter-group family (including the Chairman, Joint MD, and CFO of Motisons Jewellers) are partners in the firm. No specific financial figures, investment amount, or lease terms have been disclosed yet.
This is a positive but routine expansion signal — a new showroom in Udaipur should support future revenue growth. However, shareholders should note the related-party nature of the arrangement, which may raise governance questions even though the company states it is at arm's length. Watch for further details on lease terms and project cost.