Motisons Jewellers Limited has informed the Exchange about General Updates
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Motisons Jewellers has informed the exchanges that its adjourned board meeting could not be convened due to lack of the requisite quorum and has been cancelled. The meeting was originally meant to consider and approve the redemption of 50,00,000 (5 million) 2.5% Non-Convertible Redeemable Preference Shares, which are unlisted. The company will announce a revised date for the board meeting in due course. The original meeting was scheduled after being adjourned on April 02, 2026. This is a procedural update with no immediate impact on equity shareholders or operations.
No direct impact on ordinary shareholders; the preference share redemption decision is simply deferred. Investors should watch for the revised board meeting date and the outcome of the redemption call.