Key Quantitative Figures
The board has approved a rights issue for an amount not exceeding ₹1,800 lakhs. The issue will consist of equity shares, each with a face value of ₹10.
Dates of Action
The meeting of the Board of Directors where the rights issue was approved was held on Wednesday, June 24, 2026.
A subsequent meeting of the Board is scheduled to be held on Wednesday, July 01, 2026.
Parties Involved
The letter is addressed to the Manager of the Listing Department at BSE Limited. It is signed by Manoj Kumar, Managing Director (DIN: 01730747), on behalf of Manoj Jewellers Limited.
Purpose and Rationale
The purpose of the scheduled July 01 board meeting is to consider, discuss, and decide on various matters concerning the approved rights issue. This includes finalizing the specific terms such as the rights issue price, the payment mechanism, the rights entitlement ratio, and the record date.
Financial and Capital Structure Impact
The issuance of new equity shares will result in a change to the company's share capital. The specific financial impact, including the degree of potential dilution for existing shareholders, is contingent on the final terms (price and ratio) to be determined at the upcoming board meeting.