Manoj Jewellers Ltd Approves Rights Issue, Appoints Sunil Shantilal as CFO
Manoj Jewellers Ltd has announced significant outcomes from its Board of Directors meeting held on June 24, 2026. The board approved the raising of funds through a rights issue and appointed Mr. Sunil Shantilal as the company's Chief Financial Officer (CFO).The company’s management decided to raise capital by issuing equity shares via a rights issue, with each share having a face value of Rs 210. The total amount for which the equity shares will be issued is specified up to 1,800 Lakhs in relation to the board approval, while detailed disclosures show that the total amount proposed could reach up to 21,800 Lakhs.
The terms and conditions related to the rights issue, including the final determination of the issue price, the rights entitlement ratio, the record date, payment terms, and timing of the issuance, will be determined subsequently by the Board in accordance with applicable laws and necessary approvals.
Key details regarding the proposed rights issue are provided below:
| Particulars | Details |
|---|---|
| Type of Securities Proposed to be Issued | Equity shares having face value of 210 each |
| Type of Issuance | Rights Issue |
| Total Amount for which Shares will be Issued (Approx.) | Up to 21,800 Lakhs |
CFO Appointment Details
The Board meeting also approved the appointment of Mr. Sunil Shantilal as the Chief Financial Officer (CFO) of Manoj Jewellers Ltd. His appointment is effective from June 24, 2026.Mr. Shantilal brings more than 14 years of extensive experience in accounting, finance, and taxation to his role. He possesses significant expertise across financial management, statutory compliance, corporate accounting functions, and taxation matters. While appointed as CFO, he is also associated with the Company as an Executive Director and Promoter.
Stock Price Movement
At the close of trade today, shares of Manoj Jewellers Ltd settled down after seeing a 3.94% drop to ₹39.00. The stock's trading remained completely flat, with both its high and low pinned at the ₹39.00 level.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.