StockWatch
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Gems- Jewellery And Watches
Corporate Action4 Aug 2026, 04:41 pm

Motisons Jewellers Redeems 50 Lakh Preference Shares

AI Summary

Motisons Jewellers Ltd has announced the redemption of 50,00,000 (Fifty Lakh) 2.50% Non-Convertible Redeemable Preference Shares, each with a face value of Rs. 10/-. The redemption was effective as of June 30, 2026, which was the cut-off date decided by the Board. Following this action, the company's issued and paid-up preference share capital has been reduced. This move impacts the company's capital structure by eliminating a portion of its preference share liability.

Key Highlights

  • Company redeemed 50 lakh preference shares.
  • Redemption value is ₹5 crore (50 lakh shares x ₹10 face value).
  • Preference share capital reduced post-redemption.
  • This is a corporate action impacting capital structure.