Motisons Jewellers to Consider Redeeming 50,00,000 NCRPS as Part of 2026 Fund-Rraising Plans

Motisons Jewellers Limited informed stock exchanges that the Board of Directors will meet on March 27, 2026. The agenda includes a decision on redeeming 50,00,000 Non-Convertible Redeemable Preference Shares. These NCRPS carry a 2.5% dividend rate. The proposal relates to unlisted preference shares issued by the company.

On the NSE, Motisons Jewellers Ltd. (MOTISONS) traded at Rs 12.58 on March 24, 2026. The price rose 3.62% from the previous close of Rs 12.14. Around 13.35 lakh shares traded after the update. The stock moved between Rs 12.19 and Rs 12.59 during the session.

The exchange filing said the redemption will depend on required regulatory approvals. It will also depend on other conditions that may arise. Motisons Jewellers stated that the board will review the proposal. A final decision will be taken at the scheduled meeting. The company is listed on BSE and NSE under the symbol "MOTISONS."

At a March 6, 2026 board meeting, the company discussed raising up to Rs 350 crore. The filing listed several possible routes for raising funds. These included QIP, rights issue, public issue, preferential allotment, or private placement. The company said the fund raise may happen in one or more tranches.

The board also cleared a rise in authorised share capital from Rs 125 crore to Rs 132 crore. Equity share capital was set to rise from Rs 115 crore to Rs 122 crore. Preference share capital stayed unchanged at Rs 10 crore. The changes are shown below for clarity.

Item	Earlier	Revised
Authorised share capital	Rs 125 crore	Rs 132 crore
Equity share capital	Rs 115 crore	Rs 122 crore
Preference share capital	Rs 10 crore	Rs 10 crore

On February 26, the Fund-Raising Committee approved warrant conversion into equity shares. The committee authorised 54,00,000 equity shares of Re. 1 face value each. The issue price was Rs. 17 per share, including Rs. 16 premium. This followed partial conversion of 5,40,000 warrants from 26,00,000 issued earlier.

Motisons Jewellers began operations in 1997 in Johri Bazaar, Jaipur. Mr. Sandeep and Sanjay Chhabra started the business as a partnership enterprise. The company focuses on gold, diamond, and Kundan jewellery. Motisons Jewellers later entered the public market in 2011. The next board meeting will decide the preference share redemption proposal.