Motisons Jewellers Limited has informed the Exchange regarding ''.
MOTISONS · price
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Motisons Jewellers has allotted 54,00,000 equity shares (face value Re. 1 each at Rs. 17 per share, including Rs. 16 premium) to Nexpact Limited, a non-promoter public category investor, upon part conversion of 5,40,000 warrants originally issued on October 5, 2024. The company received the balance 75% amount of Rs. 6.88 crores (Rs. 127.50 per warrant) from the allottee. This conversion is adjusted for the November 2024 stock split (Rs. 10 to Re. 1), under which each warrant now converts into 10 equity shares. Post-allotment, Nexpact Limited's stake in the company stands at 0.99% (99,00,000 shares), and the total issued and paid-up capital has increased to Rs. 100.17 crores. A total of 82,70,000 warrants remain outstanding for further conversion within their 18-month tenure.
Existing shareholders face mild dilution as Nexpact's stake rises from 0.45% to 0.99%, while the company strengthens its equity base by Rs. 6.88 crores. The 82.7 lakh warrants still pending conversion could lead to further share issuance and dilution in the coming months, which investors should track.