Motisons Jewellers Limited has informed the Exchange regarding Outcome of Board Meeting held on April 16, 2026.
MOTISONS · price
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The board of Motisons Jewellers approved redemption of 50,00,000 unlisted 2.5% Non-Convertible Redeemable Preference Shares held by Gajraj Tradecom Private Limited. These shares have a face value of Rs. 10 each, totaling Rs. 5 crore, and are being redeemed out of company profits. After redemption, the company's preference share capital will reduce to 50,00,000 such shares. The related party holding the shares suggests this may involve a promoter group entity simplifying the capital structure.
The redemption reduces the company's preference share obligations by Rs. 5 crore, which could be marginally positive as it lowers future dividend payouts on preference shares. However, this has no direct impact on equity shareholders or immediate stock movement.