Warrants Lapse5 April 2026 at 11:31 am
Motisons Jewellers: 82.7 Lakh Warrants Lapse Due to Non-Exercise by Certain Warrant Holders
AI Summary
Motisons Jewellers Ltd. announced that 82,70,000 warrants have lapsed as certain warrant holders did not exercise their right to convert the warrants into equity shares within the stipulated period. The warrants, each convertible into one equity share of face value of Rs. 10/-, were allotted on preferential basis to allottees. The lapsed warrants were held by North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund, Eminence Global Fund PCC- Eubilia Capital Partners Fund I, and Nexpact Limited. The amount received against these warrants stands forfeited.
Key Highlights
- 82,70,000 warrants have lapsed due to non-exercise by warrant holders
- Warrants were allotted to North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund, Eminence Global Fund PCC- Eubilia Capital Partners Fund I, and Nexpact Limited
- The amount received against the lapsed warrants stands forfeited
- This announcement comes after a stock split/sub-division that changed the face value of Equity Shares from Rs. 10/- each to Re. 1/- each