Jewellery Stock Gains 3.70% As Board To Consider Redemption of 50 Lakh Preference Shares

The stock exchanges have been notified by Motisons Jewellers Limited that its Board of Directors will meet shortly to discuss an important corporate decision pertaining to its preference shares. The company revealed in an exchange filing that directors would discuss the redemption of 50,00,000 Non-Convertible Redeemable Preference Shares (NCRPS) with a 2.5% dividend rate at a board meeting on March 27, 2026.

The filing states that the proposed redemption pertains to unlisted preference shares that the firm has issued. The redemption will be subject to the regulatory approvals that are required as well as any other relevant circumstances that may emerge along the process. The board will evaluate the proposal and make a suitable decision at the upcoming meeting, according to Motisons Jewellers, which is listed on the BSE and NSE under the symbol "MOTISONS."

Motisons Jewellers Ltd. (MOTISONS) is currently trading on the NSE for Rs 12.58 as of March 24, 2026. The stock climbed 3.62% from its previous close of Rs 12.14 today. With a trading volume of about 13.35 lakh shares so far after the announcement, the price has varied during the session between an intraday low of Rs 12.19 and a high of Rs 12.59.

Motisons Jewellers Limited took many important choices in its board meeting on March 6, 2026. One of the key announcements during the board meeting was the company's goal to raise up to Rs 350 crore. According to the company's application, a number of methods, such as a Qualified Institutions Placement (QIP), rights issue, public issue, preferential allotment, or private placement, may be used to generate the funds in one or more tranches.

The board has also approved an increase in the authorized share capital of the firm. The allowed capital will rise from Rs 125 crore to Rs 132 crore. While the equity share capital will increase from Rs 115 crore to Rs 122 crore, the preference share capital would remain at Rs 10 crore. The conversion of warrants into equity shares under a preferential allocation scheme was recently authorized by the Board of Directors' Fund-Raising Committee on February 26.

The allotment of 54,00,000 equity shares with a face value of Re. 1 each at an issue price of Rs. 17 per share, including a premium of Rs. 16 per share, was taken into consideration and authorized by the committee. This allocation was made in response to the partial conversion of 5,40,000 of the 26,00,000 warrants that the business had previously issued.

Founded in 1997, Motisons Jewellers is a reputable jewellery store in Jaipur that specializes in gold, diamond, and Kundan jewellery. Mr. Sandeep and Sanjay Chhabra founded the partnership enterprise in Johri Bazaar, Jaipur, in 1997. In 2011, it went public.