Manoj Jewellers Limited has completed the dispatch of issue materials for its ₹179.7 crore rights issue and credited rights entitlements to eligible shareholders' demat accounts as on August 24, 2026. The company aims to raise funds by issuing up to 89,85,628 equity shares at ₹20 per share in a 1:1 ratio.

The Board of Directors approved the Letter of Offer, Rights Entitlement Letter, Common Application Form, and other issue-related materials during a meeting held on August 20, 2026. These documents were filed with BSE Limited and the Securities and Exchange Board of India (SEBI). The completion of dispatch occurred on August 25, 2026, with materials sent via email to those who provided valid addresses and physically dispatched to others on a reasonable effort basis.

Rights Entitlements and Application Process

Rights entitlements have been credited to the demat accounts of eligible equity shareholders under ISIN INE0MV020018. Investors can apply for the rights issue or renounce their entitlements either through the stock exchange's secondary market platform (on-market renunciation) or via off-market transfer.

The company has also opened a separate demat suspense escrow account for cases where entitlements could not be directly credited, such as shares held in physical form or where ownership is disputed. Eligible shareholders in these categories must provide relevant details to the company or registrar by September 25, 2026, to enable transfer of entitlements before the issue closes.

Issue Timeline

The rights issue opens on August 31, 2026, and closes on September 29, 2026. The last date for on-market renunciation is September 24, 2026, while off-market renunciation must be completed by September 28, 2026.

Applications must be made using the Applications Supported by Blocked Amount (ASBA) process. Investors are required to have an ASBA-enabled bank account with a Scheduled Commercial Bank (SCSB) prior to applying. The payment schedule requires ₹20 per rights equity share to be payable on application.

Corporate Governance Updates

The board also approved the Director’s Report for the financial year ended March 31, 2026, and fixed remuneration for directors exceeding the overall managerial remuneration limit under Section 197 of the Companies Act, 2013. These appointments and remuneration packages are subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Director Re-Appointments

The board approved the re-appointment of three key directors for a five-year term effective July 16, 2027, pending shareholder approval:

• Ms. Raj Kumari (DIN: 09607998) as Whole-Time Director. She is the promoter and wife of Managing Director Mr. Manoj Kumar.
• Mr. Manoj Kumar (DIN: 01730747) as Managing Director. He oversees overall management and marketing.
• Mr. Sunil Shantilal (DIN: 01730790) as Executive Director. He handles financials, administration, and human resources. He is the brother of Mr. Manoj Kumar.

AGM Schedule

The company notified the BSE SME Platform that its 19th Annual General Meeting is proposed to be held on Saturday, September 12, 2026, at 3:00 pm. The meeting will take place at the company’s registered office at No 59, NSC Bose Road, Sowcarpet, Chennai. M/s Dilip Swarankar & Associates have been appointed as the scrutinizer for conducting e-voting and physical voting processes.

Manoj Jewellers Limited has postponed its board meeting originally scheduled for July 1, 2026, to finalize the terms for a proposed rights issue of equity shares worth up to ₹1,800 lakhs. The meeting was deferred because the in-principle approval from the stock exchange is still under process. The company intends to reschedule the meeting within the next working day following the receipt of the necessary approval letter from the exchange.

The board had initially approved the fund-raising initiative on June 24, 2026, to strengthen the company's capital base. The proposed rights issue involves equity shares with a face value of ₹10 each. Key parameters such as the issue price, entitlement ratio, record date, and payment mechanism remain pending determination until the rescheduled meeting takes place.

Regulatory Compliance

The rights issue will be conducted in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has informed BSE Limited regarding the postponement under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.