Pushpa Jewellers Limited Approves Share Capital Increase and Preferential Warrant Issuance

Pushpa Jewellers Limited Approves Share Capital Increase and Preferential Warrant Issuance​

Pushpa Jewellers Limited, formerly known as Pushpa Jewellers Private Limited, conducted a Board of Directors meeting on Wednesday, April 08, 2026. During the meeting, the company considered and approved significant corporate actions, including an increase in authorized share capital and the proposal to raise funds through the issue of Convertible Equity Share Warrants to promoters and public investors.

The Board approved increasing the Company's authorized share capital from Rs. 25,00,00,000/- (Rupees Twenty-Five Crore) to Rs. 27,00,00,000/- (Rupees Twenty-Seven Crores Only). This enhancement involves increasing the total number of equity shares from 2,50,00,000 (Two Crore Fifty Lakhs) to 2,70,00,000 (Two Crore Seventy Lakhs), with each share retaining a face value of Rs. 10/- (Rupees Ten). Reflecting this proposed change, the Board also proposed consequential alterations to Clause V, the Capital Clause, of the Company’s Memorandum of Association.

Furthermore, the Board considered and approved the raising of funds via the issue of Convertible Equity Share Warrants. These warrants are to be issued on a Preferential Basis to Promoters, the Promoter Group, and other Public Investors. Up to 20,00,000 (Twenty Lakh) Warrants are proposed, each convertible into one or more tranches of equity shares at a price of Rs. 102/- (including a premium of Rs. 92/-) per Warrant, subject to necessary shareholder approvals.

In adherence to the requirements of the Companies Act, 2013, a valuation report was obtained from Mr. A. N. Gawade, a Registered Valuer bearing IBBI Registration No. IBBI/RV/05/2019/10746. For the preferential issue, the Relevant Date, as per SEBI (ICDR) Regulations, 2018, is Monday, April 06, 2026.

Details of Preferential Warrant Issuance​

The proposed issuance of warrants details the total potential funding and allotment structure.


The details of the 9 investors include Mridul Tibrewal, Anupam Tibrewal, Neha Tibrewal, Ranjana Tibrewal, Arun Saboo, Mona Chokhani, Mahendrakumar Kantilal Gandhi, Vaibhav Arvind Vora, and Barbhaya Sushilaben Rameshkumar.

The warrants may be exercised by the warrant holders in one or more tranches up to an expiration period of 18 months from the date of allotment. Payment structure requires an initial amount equivalent to 25% of the Warrants' issue price on the date of allotment, with the remaining 75% payable upon the allotment of Equity Shares following the exercise of the conversion right.

Extraordinary General Meeting Scheduled​

The Board also determined that the Extraordinary General Meeting (EGM) of the Company will be held on Wednesday, May 06, 2026, via Video Conferencing (VC) or other Audio-Visual Means (OAVM).

Additionally, the Board appointed Rahul Srivastava & Co., a Practising Company Secretary with Membership No. 23592, to act as the Scrutinizer for the ensuing EGM.

The Board meeting commenced at 3:00 P.M. and concluded at 05:00 P.M.

PUSHPA Stock Price Movement​

Today, Pushpa Jewellers Limited shares edged higher to close at ₹127.95, gaining 4.07% for the session. The stock saw robust trading activity today, posting a volume of 85,000 shares during its session.

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