Manoj Jewellers Ltd Approves Rights Issue of Equity Shares; Board Meeting Scheduled for July 1, 2026
Manoj Jewellers Ltd has approved a rights issue involving its equity shares, with the company scheduling a subsequent board meeting to finalize key terms of the offering. The resolution, passed by the Board of Directors, concerns the issuance of new equity shares to eligible existing shareholders.The Board decision approved the issue of equity shares having a face value of 310 each. The rights issue is set for an amount not exceeding 1,800 lakhs and is intended for the benefit of all eligible equity shareholders as determined on the record date, which will be notified later.
In connection with the Rights Issue, the company has scheduled a board meeting for Wednesday, July 01, 2026. This meeting is designated to discuss and decide several crucial matters related to the rights offering. These matters include determining the specific terms of the Rights Issue, setting the Rights Issue price and the associated payment mechanism, finalizing the rights entitlement ratio, and confirming the record date and timing for the distribution of the shares.
Stock Price Movement
Manoj Jewellers Ltd settled at ₹39.00 after the market close today, as shares slipped 3.94% from previous closing levels. The stock traded completely flat throughout the session, with both the high and low locking in precisely at ₹39.00.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.
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