News Corporate Actions Motisons Jewellers Converts 5.40 Lakh Warrants into Equity Shares, Raises Rs. 6.88 CroresMotisons Jewellers Converts 5.40 Lakh Warrants into Equity Shares, Raises Rs. 6.88 Crores
Motisons Jewellers Limited converted 5.40 lakh warrants into 54 lakh equity shares on February 26, 2026, raising Rs. 6.88 crores from Nexpact Limited through preferential allotment. The shares were issued at Rs. 17 each with a premium of Rs. 16 per share. This conversion increased the company's paid-up capital to Rs. 100.18 crores comprising 100.18 crore equity shares of Re. 1 each. The company retains 82.70 lakh outstanding warrants for potential future conversion within the 18-month exercise period.
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Motisons Jewellers Limited has successfully completed the conversion of 5.40 lakh warrants into equity shares, marking a significant milestone in the company's fund-raising activities. The Fund-raising Committee of the Board of Directors approved this conversion on February 26, 2026, generating Rs. 6.88 crores in fresh capital for the jewelry retailer.
Warrant Conversion Details
The conversion involved transforming 5.40 lakh warrants into 54 lakh equity shares, reflecting the impact of the company's earlier stock subdivision. The shares were allotted to Nexpact Limited, classified under the "Non-Promoter, Public Category," through preferential allotment.
| Parameter: | Details |
|---|---|
| Warrants Converted: | 5.40 lakh |
| Equity Shares Allotted: | 54 lakh |
| Face Value per Share: | Re. 1 |
| Issue Price per Share: | Rs. 17 |
| Premium per Share: | Rs. 16 |
| Total Amount Raised: | Rs. 6.88 crores |
| Allottee: | Nexpact Limited |
Financial Impact and Capital Structure
Following this conversion, Motisons Jewellers' issued and paid-up capital has increased substantially. The company's capital structure now stands enhanced with the addition of these new equity shares.
| Capital Metric: | Amount |
|---|---|
| New Paid-up Capital: | Rs. 100.18 crores |
| Total Equity Shares: | 100.18 crore shares |
| Face Value: | Re. 1 each |
The newly allotted equity shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.
Warrant Structure and Payment Terms
The original warrants were issued at Rs. 170 each, with a structured payment mechanism designed to facilitate gradual capital infusion. The conversion process involved receiving the balance 75% payment from warrant holders.
| Payment Structure: | Amount per Warrant |
|---|---|
| Initial Payment (25%): | Rs. 42.50 |
| Balance Payment (75%): | Rs. 127.50 |
| Total Warrant Price: | Rs. 170 |
Outstanding Warrants and Future Conversions
Motisons Jewellers still maintains a substantial warrant base for potential future conversions. The company has 82.70 lakh warrants remaining outstanding, representing significant potential for additional capital raising.
Warrant holders retain the right to convert their warrants into equity shares by paying the remaining 75% amount within 18 months from the original allotment date of October 05, 2024. If warrants remain unexercised within this timeframe, they will lapse and the amounts paid will be forfeited by the company.
Shareholding Changes
The conversion has resulted in changes to Nexpact Limited's shareholding position in Motisons Jewellers. Prior to this allotment, Nexpact Limited held 45 lakh shares representing 0.45% stake. Post-conversion, their holding has increased to 99 lakh shares, representing 0.99% of the company's expanded share capital.
Historical Stock Returns for Motisons Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.44% | +0.82% | +44.30% | -20.04% | -16.92% | +54.05% |
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