Manoj Jewellers Board Approves ₹18 Crore Rights Issue

The meeting of the Board of Directors was held on 24th June 2026. It commenced at 04:45 P.M. (IST) and concluded at 04:55 P.M. (IST).

The Board considered and approved raising funds through the issuance of equity shares by way of a rights issue.

Security Type: Equity shares with a face value of ₹10 each.
Maximum Issue Size: ₹1,800 Lakhs (₹18 Crore).
Eligibility: Equity shareholders of the Company as on a record date to be determined and notified subsequently.
Approvals: The issue is subject to receipt of statutory/regulatory approvals, including in-principle approval from the Stock Exchange, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) and other applicable laws.
Terms to be Finalized: Specific terms including the issue price, rights entitlement ratio, record date, timing, and terms of payment will be determined by the Board in due course, subject to necessary approvals.

The Board considered and approved the appointment of Mr. Sunil Shantilal as the Chief Financial Officer (CFO) of the Company.

Effective Date: 24th June 2026.
Role and Responsibilities: He shall be responsible for overseeing the accounting, finance, and taxation-related financial functions of the Company. He will provide periodic financial and management reports to the Board of Directors and the management.
Profile: Mr. Sunil Shantilal possesses more than 14 years of extensive experience in accounting, finance, and taxation, with significant expertise in financial management, statutory compliance, and corporate accounting functions.
Relationship Disclosure: He is not being appointed as a director. However, he is associated with the Company as an Executive Director and Promoter of the Company.