Board Meeting24 Jun 2026, 05:30 pm
Manoj Jewellers Ltd Approves ₹180 Cr Rights Issue, Appoints New CFO
AI Summary
Manoj Jewellers Ltd announced that its Board of Directors has approved a rights issue to raise up to ₹1,800 Lakhs (₹180 Crores) by issuing equity shares. The specific terms, including issue price and record date, will be determined later, subject to regulatory approvals. Additionally, the Board approved the appointment of Mr. Sunil Shantilal as the new Chief Financial Officer (CFO) of the company, effective June 24, 2026. Mr. Shantilal brings over 14 years of experience in accounting, finance, and taxation.
Key Highlights
- Board approved rights issue to raise up to ₹180 Crores.
- New CFO, Mr. Sunil Shantilal, appointed effective June 24, 2026.
- Rights issue subject to statutory and regulatory approvals.
- Detailed terms of rights issue to be decided later.
- CFO appointment brings extensive finance and taxation experience.
Price Impact
More from MANOJJEWEL