Motisons jewellers has entered into a Memorandum of Understanding with Moti Developers for the development of a new jewellery showroom in Udaipur, Rajasthan. The agreement, disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015, represents a strategic move to support the company's expansion plans.

MoU Details and Scope

Under the terms of the agreement, Moti Developers will undertake the complete construction and development of a jewellery showroom in Udaipur, known as the "City of lakes" in Rajasthan. Upon completion of the project, the showroom premises will be leased to Motisons Jewellers Limited on mutually agreed terms and conditions.

Related Party Transaction Structure

The MoU constitutes a related party transaction due to the relationship between the contracting entities. Several key members of Motisons Jewellers' promoter and promoter group are partners in Moti Developers:

• Sandeep Chhabra - Promoter & Chairman cum Whole Time Director
• Laksh Chhabra - Promoter Group & Joint Managing Director
• Kaustubh Chhabra - Promoter Group and Chief Financial Officer
• Prakkhar Chhabra - Promoter Group member

The company has confirmed that despite the related party nature, the MoU has been executed at arm's length and falls within the ordinary course of business operations.

Strategic Business Expansion

The new showroom development aligns with Motisons Jewellers' growth strategy, adding another retail location to its network. The lease-based model allows the company to expand its physical presence without significant capital investment in property acquisition. The MoU includes flexible tenure arrangements to be mutually agreed between the parties, providing operational flexibility for both entities.

Regulatory Compliance

The disclosure has been made in accordance with SEBI regulations, specifically under Regulation 30 read with Schedule III of LODR Regulations and SEBI Master Circular reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has confirmed no restrictions or liabilities are imposed upon the listed entity through this agreement, and no share issuance is involved in the transaction.

Motisons Jewellers Limited has successfully completed its long-awaited board meeting on April 16, 2026, approving the redemption of preference shares that had been delayed due to multiple scheduling challenges. The board approved the redemption of 50,00,000 2.5% Non-Convertible Redeemable Preference Shares valued at Rs. 5.00 crore.

Board Meeting Completion After Multiple Delays

The jewellery retailer finally conducted its board meeting on April 16, 2026, after experiencing several scheduling setbacks. The company had originally planned a meeting on April 02, 2026, which was adjourned, followed by a cancelled meeting on April 09, 2026, due to insufficient quorum.

Preference Share Redemption Details

The board approved the redemption of unlisted preference shares held by Gajraj Tradecom Private Limited from the company's profits. This redemption will impact the company's capital structure by reducing its preference share capital.

Post-Redemption Capital Structure

Following the redemption, the company's preference share capital structure will be adjusted. The issued and paid-up preference share capital will reduce to 50,00,000 2.5% Non-Convertible Redeemable Preference Shares of face value Rs. 10.00 each.

Regulatory Compliance and Communication

The company maintained proper regulatory compliance throughout the process, with Company Secretary Bhavesh Surolia ensuring adherence to SEBI Listing Regulations. The notification was promptly communicated to both stock exchanges on April 16, 2026.