Manoj Jewellers Postpones Board Meeting Regarding Rights Issue Due to Pending Exchange Approval
Manoj Jewellers Limited has announced the postponement of its scheduled Board meeting concerning a forthcoming Rights Issue. The company confirmed that the meeting, initially slated for July 01, 2026, will be held later once in-principle approval from the Stock Exchange is secured regarding the matter.The Board meeting was originally scheduled to address several critical aspects of the planned rights issue. These included considering and approving the fixing of the record date, the Issue price, the entitlement ratio, and other terms and conditions related to the Rights Issue.
The decision to postpone the event stems from the ongoing process regarding the in-principle approval for the Rights Issue from the Stock Exchange. As this regulatory status is currently underway, the company decided that holding the meeting on the scheduled date would not allow for the necessary internal approvals following exchange clearance.
Manoj Jewellers stated that the Board of Directors meeting, which was planned for July 01, 2026, will now be rescheduled and held within the next working day after the receipt of the in-principle approval letter from the stock exchange pertaining to the rights issue.
Stock Price Movement
Manoj Jewellers Ltd settled at ₹36.50 after a strong day, as shares rose 2.59% in post-market trading. The stock traded within an intraday range, moving from a low of ₹35.55 to its high of ₹36.50.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.