Manoj Jewellers Approves Terms for ₹17.97 Crore Rights Issue; Record Date Fixed for August 21

Chennai-based Manoj Jewellers Limited has approved the key parameters, schedule, and entitlement ratio for its proposed Rights Issue, aimed at raising up to ₹17,97,12,560 (₹17.97 crore).

The company informed that its Board of Directors met on August 17, 2026, to finalize the terms. This follows the board's earlier approval on June 24, 2026, for a Rights Issue aggregating up to ₹1,800 lakhs.

Key Terms and Structure of the Rights Issue

Instrument: Fully paid-up equity shares of face value ₹10 each.

Issue Size & Volume: 89,85,628 fully paid-up equity shares, aggregating to ₹17,97,12,560 (assuming full subscription).

Rights Issue Price: ₹20 per equity share, which includes a face value of ₹10 and a premium of ₹10 per share. The full issue price is payable at the time of application.

Rights Entitlement Ratio: 1 (One) Rights Equity Share for every 1 (One) fully paid-up equity share held by eligible shareholders as on the Record Date.

Record Date: Friday, August 21, 2026, to determine eligible shareholders.

Impact on Capital Structure

Prior to the issue, Manoj Jewellers' paid-up capital stands at 89,85,628 equity shares of face value ₹10 each. Upon full subscription of the Rights Issue, the post-issue paid-up capital will double to 1,79,71,256 equity shares.

Rights Issue Timelines

Issue Opening Date: Monday, August 31, 2026

Last Date for On-Market Renunciation: Thursday, September 24, 2026

Last Date for Off-Market Renunciation: Monday, September 28, 2026

Issue Closing Date: Tuesday, September 29, 2026

The board reserves the right to extend the issue period up to a maximum of 30 days from the opening date. Applicants will not be permitted to withdraw applications after the issue closing date.

Rights Entitlement Credit

Manoj Jewellers has arranged with NSDL and CDSL to credit the Rights Entitlements in dematerialized form directly into the demat accounts of eligible shareholders prior to the issue opening date.

Source : Equity Bulls

Keywords

ManojJewellers FundRaising RightsIssue RecordDate