The Board Meeting to be held on 15/04/2026 has been revised to 16/04/2026 The Board Meeting to be held on 15/04/2026 has been revised to 16/04/2026
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Motisons Jewellers Ltd has revised its Board Meeting date from April 15, 2026 to April 16, 2026. The meeting will consider and approve the redemption of 50,00,000 (5 crore) 2.5% Non-Convertible Redeemable Preference Shares which are unlisted. The redemption is subject to obtaining relevant approvals as applicable. The company has issued this intimation under SEBI Listing Regulations, Regulation 29. Preference shares typically carry a fixed dividend rate, and their redemption reduces the company's preference share liability.
Redemption of preference shares will reduce the company's debt obligations and associated 2.5% annual dividend/coupon liability, potentially improving financial flexibility for equity shareholders in the long term.