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Motisons Jewellers Ltd ( (IN:MOTISONS) ) has issued an announcement.
Motisons Jewellers Limited has informed the exchanges that an adjourned meeting of its Board of Directors, previously scheduled to consider the redemption of 5,000,000 unlisted 2.5% non-convertible redeemable preference shares, could not be convened due to lack of the requisite quorum and has therefore been cancelled.
The company stated that a revised date for the board meeting to consider and approve the proposed preference share redemption will be announced in due course, signaling a delay in the planned capital structure move that may be of interest to preference shareholders and other stakeholders tracking its financing decisions.
More about Motisons Jewellers Ltd
Motisons Jewellers Limited operates in the jewellery industry, focusing on the design, manufacture and retail of gold, diamond and other precious jewellery. The company is listed on Indian stock exchanges and caters primarily to domestic consumers through its branded retail presence.
Average Trading Volume: 408,376
Technical Sentiment Signal: Sell
Current Market Cap: 13.24B INR
For detailed information about MOTISONS stock, go to TipRanks’ Stock Analysis page.