Motisons jewellers Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to stock exchanges BSE and NSE. The certificate pertains to the quarter ended March 31, 2026 and confirms adherence to regulatory requirements for securities dematerialisation processes.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of SEBI Depositories Regulations on April 13, 2026. Company Secretary and Compliance Officer Bhavesh Surolia (Membership No. A64329) digitally signed and submitted the document to both exchanges.

Certificate Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 2, 2026. The certificate was signed by Ashok Shetty, Sr. Vice President – Corporate Registry.

The RTA confirmed that securities received from depository participants for dematerialisation during Q4FY26 were properly processed within prescribed timelines. All security certificates received for dematerialisation were confirmed or rejected appropriately, with physical certificates being mutilated and cancelled after due verification.

Compliance Confirmation

The certificate validates that:

• Securities dematerialisation requests were confirmed to depositories within regulatory timelines
• All securities are listed on stock exchanges where earlier issued securities are traded
• Security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners

Company Information

Motisons Jewellers Limited operates from multiple locations in Jaipur, Rajasthan, with registered offices at Johari Bazar and Lalkothi areas. The company maintains its corporate identification number as L36911RJ2011PLC035122 and conducts business in the jewellery sector.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in securities handling and depository operations as mandated by SEBI regulations.

Motisons Jewellers Limited has reported the lapse of 82.70 lakh warrants after warrant holders failed to exercise their conversion rights within the mandatory 18-month period. The announcement, made on April 05, 2026, marks the conclusion of the warrant conversion window that began with the original allotment on October 05, 2024.

Warrant Allotment and Conversion Details

The warrants were initially allotted at an issue price of ₹170 per warrant, comprising a warrant subscription price of ₹42.50 and a warrant exercise price of ₹127.50. Each warrant was convertible into one equity share with a face value of ₹10. The total allotment covered 1.00 crore warrants to three non-promoter entities on a preferential basis.

Warrant Holder Performance

The lapse affected three major institutional investors with varying conversion rates. North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund failed to convert any of its 35.00 lakh warrants, resulting in complete forfeiture. Eminence Global Fund PCC-Eubilia Capital Partners Fund I converted 7.90 lakh warrants but allowed 27.10 lakh warrants to lapse. Nexpact Limited showed the highest conversion rate, converting 9.40 lakh warrants while letting 20.60 lakh warrants expire.

Impact of Stock Split

A significant development occurred during the warrant period when the company implemented a stock split effective November 08, 2024. The face value of equity shares was reduced from ₹10 to ₹1, resulting in a 1:10 split ratio. This change modified the conversion terms, allowing each warrant to be converted into 10 equity shares of ₹1 face value instead of one share of ₹10 face value.

Regulatory Compliance and Financial Impact

The warrant lapse follows Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which mandates the 18-month conversion period. The company will forfeit the amounts received against the lapsed warrants, representing a significant financial benefit. The forfeited amount from the 82.70 lakh lapsed warrants, calculated at the subscription price of ₹42.50 per warrant, totals approximately ₹35.15 crore.