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Established in October 1997, Motisons Jewellers Ltd sells gold, diamond and kundan jewellery as well as other jewellery products. The company sells pearls, silver, platinum and other metals.
Motisons Jewellers completed the redemption of preference shares, leading to a Rs. 5 Cr outflow. This action reduces the company's preference share capital. Post-redemption, preference share capital stands at Rs. 5 Cr.
Motisons Jewellers signed an MoU with Moti Developers (a related party) to construct a new jewellery showroom in Udaipur. Upon completion, it will be leased, supporting the company's expansion plans.
Motisons Jewellers' board meeting for 0.5 Cr 2.5% preference share redemption was cancelled due to a lack of quorum, delaying the approval process. A revised meeting date will be announced soon.