Motisons Jewellers Approves Allotment of 54,00,000 Shares on Warrant Conversion

Motisons Jewellers Limited on February 26, 2026 approved allotment of 54,00,000 equity shares pursuant to the conversion of warrants, following receipt of the balance 75% subscription amount from the allottee, as per its disclosure to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund-Raising Committee Clears Preferential Allotment on Conversion

The Fund-Raising Committee of the Board, in its meeting held on Thursday, February 26, 2026, considered and approved the conversion of 5,40,000 warrants into 54,00,000 equity shares of face value Re. 1 each.

The shares have been issued at an effective price of Rs 17 per equity share (including a premium of Rs 16 per share), adjusted to reflect the sub-division of equity shares from Rs 10 each to Re 1 each. The original warrants had been issued at Rs 170 per warrant on a preferential basis to Nexapct Limited, classified under the “Non-Promoter, Public Category”.

On conversion, the company received the balance Rs 127.50 per warrant being 75% of the issue price aggregating Rs 6,88,50,000. The warrants were initially allotted on October 5, 2024, upon payment of Rs 42.50 per warrant, representing 25% of the issue price, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Post the stock split effective November 8, 2024, each warrant entitled the holder to 10 equity shares of Re 1 each. The newly allotted shares will rank pari passu with the existing equity shares.

Following this allotment, the issued and paid-up equity share capital has increased to Rs 1,00,17,60,000, comprising 1,00,17,60,000 equity shares of Re. 1 each.

As per the filing, 82,70,000 warrants remain outstanding and are eligible for conversion within 18 months from the date of original allotment. Unexercised warrants, if any, will lapse and amounts already paid will stand forfeited, in line with the stated terms.

Motisons Jewellers Shares Trade Higher; Market Cap at Rs1,578.09 Crore

Shares of Motisons Jewellers Limited were trading at Rs 16.03, up 1.07% from the previous close of Rs 15.86, as of 16:01 IST on February 26, 2026, according to exchange data.

The stock opened at Rs 15.31 and moved between an intraday high of Rs 16.12 and a low of Rs 15.31. The company’s market capitalisation stood at Rs 1,578.09 crore. Its 52-week high and low were Rs 24.01 and Rs 10.63, respectively.

The scrip is listed on both BSE (Scrip Code: 544053) and NSE (Symbol: MOTISONS).

Company Background

Motisons Jewellers Limited operates in the gems, jewellery and watches segment and is classified under the BSE Consumer Discretionary index. The company is engaged in the retail and wholesale trading of gold, diamond and other jewellery products.

The preferential warrant issue forms part of its previously approved capital-raising programme, structured in compliance with applicable SEBI ICDR provisions governing pricing, tenure and conversion terms for convertible instruments.

Conclusion

The conversion strengthens the company’s equity base through receipt of the balance subscription proceeds while increasing public shareholding of the allottee under the non-promoter category. Further conversions may follow, subject to exercise within the stipulated 18-month period from the original warrant allotment date.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/71088a22-ba1a-491f-a564-969456d36048.pdf
• https://www.bseindia.com/stock-share-price/motisons-jewellers-ltd/motisons/544053/