Motisons Jewellers Limited has informed the Exchange regarding Notice of Postal Ballot
MOTISONS · price
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Motisons Jewellers Limited has dispatched a Postal Ballot Notice to shareholders seeking their approval through remote e-voting on two key proposals. The first is a Special Resolution to raise up to Rs. 350 Crore by issuing equity shares and/or other eligible securities, including through routes like QIP, rights issue, preferential allotment, or private placement, in one or more tranches. The second is an Ordinary Resolution to increase the authorized share capital from Rs. 125 Crore to Rs. 132 Crore, comprising 122 crore equity shares of Re. 1 each and 1 crore preference shares of Rs. 10 each. The e-voting window runs from 9:00 AM on March 27, 2026 to 5:00 PM on April 25, 2026, with March 20, 2026 as the cut-off date. MUFG Intime India is the e-voting facilitator and the scrutinizer is Mr. Akshit Kumar Jangid, with results expected by April 28, 2026.
If approved, the board will have flexibility to raise up to Rs. 350 Crore, which could lead to equity dilution for existing shareholders depending on the issue price and mode chosen. The authorized capital hike is a prerequisite to accommodate the new shares, so watch for stock movement around the voting outcome and any subsequent announcement on the actual fund raise.