Motisons Jewellers Limited Approves Fundraising of Up to Rs. 350 Crore and Authorised Share Capital Expansion

Jaipur (Rajasthan) [India], March 07: Motisons Jewellers Limited (BSE: 544053), a leading player in the organised jewellery retail sector, today announced that its Board of Directors has unanimously approved a strategic proposal to raise funds aggregating up to Rs. 350 Crore (Rupees Three Hundred and Fifty Crore only). This capital infusion will be achieved through the issuance of equity shares, securities convertible into equity, and/or other eligible securities, in one or more tranches.

The fundraising initiatives may be executed via public issue, preferential allotment, rights issue, private placement, Qualified Institutions Placement (QIP), or any permissible combination thereof. These efforts are subject to necessary shareholder approvals, regulatory clearances, and statutory compliances, positioning the company for accelerated growth in expansion, inventory enhancement, and market penetration.

In tandem with the fundraising, the Board has greenlit an increase in the Authorised Share Capital from Rs. 125 Crore to Rs. 132 Crore. The revised structure comprises Rs. 122 Crore in equity share capital (122 Crore equity shares of Rs. 1 each) and Rs. 10 Crore in preference share capital. This alteration necessitates an amendment to Clause V (Capital Clause) of the Memorandum of Association, pending shareholder ratification.

To facilitate these proposals, Motisons Jewellers has appointed M/s. Aryaman Financial Services Limited as the Book Running Lead Manager / Merchant Banker for the QIP and related issuances. Additionally, Mr. Akshit Kumar Jangid, Practicing Company Secretary and partner at M/s. Pinchaa & Co., has been designated as the scrutinizer to oversee the Postal Ballot and e-voting processes.

A Postal Ballot notice will soon be dispatched to shareholders, seeking their approval for the proposed issuance, capital augmentation, and ancillary matters under Section 110 and other provisions of the Companies Act, 2013. This democratic process ensures transparency and stakeholder participation.

These moves underscore Motisons Jewellers’ robust financial strategy to capitalise on India’s burgeoning jewellery market, driving sustainable value creation for shareholders.

About Motisons Jewellers Limited
Motisons Jewellers Limited is a prominent jewellery retailer offering a wide range of gold, diamond, and gemstone jewellery through its marquee stores in Jaipur and beyond.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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