Small-Cap Jewellery Company's Shares See Pre-Board Meeting Rally
Motisons Jewellers Sees Share Price Rise on Upcoming Board Meeting
Shares of Motisons Jewellers, a small-cap jewellery firm, rose by nearly 2% in trade on Tuesday, trading at Rs 12.37 per share on the NSE around 2:45 pm.
The company informed exchanges about an upcoming board meeting scheduled for March 27, 2026, where the board of Directors will consider and approve the redemption of 50,00,000 2.5% non-convertible redeemable preference shares (unlisted), subject to necessary approvals and other applicable considerations.
This comes after the company's board had approved raising up to Rs 350 crore through preferential allotment, rights issue, or private placement earlier this month. Motisons Jewellers operates in the jewellery retail segment, offering a range of products in gold, diamonds, Kundan, pearl, silver, platinum, and other metals.
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Investor Takeaway
Investors should be aware of potential share price movements around upcoming board meetings.
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