Pushpa Jewellers Calls Off Preferential Issue of Warrants After Shareholder Non-Approval

Pushpa Jewellers Calls Off Preferential Issue of Warrants After Shareholder Non-Approval​

Pushpa Jewellers Limited has cancelled its proposed preferential issue of Convertible Equity Share Warrants after the resolution failed to gain approval from the company's shareholders.

The company initially approved the issuance of 20,00,000 (Twenty Lakhs) Convertible Equity Share Warrants. This proposal was sanctioned by the Board of Directors at its meeting held on April 08, 2026. The Warrants were intended to be issued on a preferential basis to the Promoter, Promoter Group, and Public Investors, contingent upon receiving necessary shareholder and regulatory approvals.

To secure the necessary mandate, Pushpa Jewellers convened an Extraordinary General Meeting (EGM) of its members on May 06, 2026. However, the resolution concerning the proposed issuance of Warrants was not approved by the shareholders at the said EGM.

Consequently, the company announced that the Proposed Preferential Issue is now cancelled. As a result of the non-approval by the shareholders, Pushpa Jewellers Limited will not be proceeding further with the issue and allotment of the Convertible Equity Share Warrants.

PUSHPA Stock Price Movement​

Today, Pushpa Jewellers Limited shares edged higher to close at ₹126.30, gaining 8.39% for the session. The stock traded on a volume of 52,000 shares, successfully finding support after moving within the ₹114.00 to ₹129.00 intraday range.