Jewellery Stock Under Rs 20 Will Be in Focus Today, As Board Approves Rs 350 Crore Fundraising Plan, Expands Authorised Share Capital
Prajwal DSIJ / 09 Mar 2026 / Categories: Mindshare, Penny Stocks, Trending
The stock has surged about 29.57 per cent from its 52-week low of Rs 10.62 per share.
On Monday, shares of Motisons Jewellers Ltd fell 4.51 per cent to Rs 13.76 per share from its previous closing of Rs 14.41 per share. The stock’s 52-week high is Rs 24.02 per share and its 52-week low is Rs 10.62 per share. The stock also rose 2.15 per cent to its Intraday high of Rs 14.12 during the session.
Motisons Jewellers Ltd has approved a major financial strategy to raise up to Rs 350 crore to support the company’s growth and expansion plans. The decision was taken during a board meeting held on March 6, 2026, from 5:30 PM to 7:00 PM in Jaipur.
The board has authorised the company to raise funds through the issuance of equity shares, securities convertible into equity shares, or other eligible securities. The total fundraising amount will not exceed Rs 350 crore, including premium, and may be executed in one or more tranches.
The company may explore several modes of issuance, including public issues, preferential allotments, rights issues, private placements, or Qualified Institutions Placement (QIP). The proposed fundraising remains subject to necessary regulatory, statutory, and shareholder approvals.
In line with the fundraising plan, the board has also approved an increase in the authorised share capital of the company. The authorised share capital will be increased from Rs 125 crore to Rs 132 crore.
Under this change, the equity share capital will rise from Rs 115 crore (115 crore shares of Re 1 each) to Rs 122 crore (122 crore shares of Re 1 each), while the preference share capital will remain unchanged at Rs 10 crore.
To facilitate the proposed financial activities, Aryaman Financial Services Ltd has been designated as the Book Running Lead Manager for the potential QIP.
Additionally, Mr. Akshit Kumar Jangid of M/s Pinchaa & Co. has been appointed as the scrutinizer to oversee the postal ballot and e-voting process and ensure transparency.
The company has a market cap of over Rs 1,354.62 crore. The stock price has declined over 24.35 per cent in the last 1 year. The stock has surged about 29.57 per cent from its 52-week low of Rs 10.62 per share.
Disclaimer: The article is for informational purposes only and not investment advice.