Manoj Ceramic Gets In-Principle Approval for CCPS Issue

Manoj Ceramic Ltd has received in-principle approval from BSE Limited for the issuance of 2,50,000 Compulsorily Convertible Preference Shares (CCPS) of face value ₹100 each on a preferential basis to its promoters. These CCPS are convertible into equity shares of face value ₹10 each in a 1:1 ratio at a price of ₹100 per equity share. The approval is subject to the company complying with all relevant regulations, including SEBI's ICDR and LODR Regulations, and strengthening internal controls to monitor trades by proposed allottees.