Motisons Jewellers has officially announced that its Board of Directors will convene on March 6, 2026, to deliberate on a comprehensive fund raising proposal worth up to ₹350 crore. The meeting has been scheduled in compliance with Regulation 29 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Agenda

The upcoming board meeting will address several critical corporate actions beyond the primary fund raising proposal. The company has outlined a comprehensive agenda that includes strategic financial decisions and regulatory compliance measures.

Fund Raising Structure

The proposed fund raising initiative encompasses multiple financing avenues including public offerings, private placements, and qualified institutional placements. The company plans to execute this in one or more tranches through various issuances, subject to statutory and regulatory approvals including shareholder consent.

Corporate Actions Under Consideration

Beyond the primary fund raising proposal, the board will deliberate on increasing the company's authorized share capital and consequent amendments to the Capital Clause of the Memorandum of Association. Additionally, the board will consider approving a postal ballot notice to seek shareholders' approval for the fund raising matter.

Regulatory Compliance and Next Steps

The company has issued the meeting notice to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency with stock exchanges. The notice has also been uploaded on the company's official website at www.motisonsjewellers.com , ensuring comprehensive disclosure to all stakeholders.

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.

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.

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.

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.