Corporate Action17 Sept 2026, 04:40 pm
Motisons Jewellers Approves Redemption of Preference Shares
AI Summary
Motisons Jewellers Ltd announced that its Board of Directors, in a meeting held on September 17, 2026, approved the redemption of 50,00,000 unlisted 2.5% Non-Convertible Redeemable Preference Shares. The redemption, valued at ₹10 each, will be funded from the company's profits. Following this action, the company's issued and paid-up preference share capital will be reduced to nil.
Key Highlights
- Board approved redemption of 50,00,000 preference shares.
- Redemption amount is ₹10 per share.
- Preference shares held by a single shareholder.
- Redemption funded from company profits.
- Preference share capital reduced to nil.
Price Impact
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