Manoj Ceramic Board Approves Preference Share Conversion

Manoj Ceramic Limited's Board of Directors met on September 16, 2026, and approved the conversion of Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) into Compulsory Convertible Preference Shares (CCPS). Specifically, 1,00,000 NCRPS of Rs. 100 each were converted into 1,00,000 CCPS, and another 1,50,000 NCRPS of Rs. 100 each were converted into 1,50,000 CCPS. These CCPS are convertible into equity shares at a price of Rs. 100 each, including a premium of Rs. 90 per share. The company also announced an Extra-Ordinary General Meeting (EGM) on October 15, 2026, to seek shareholder approval for this conversion and appointed a scrutinizer for the e-voting process.