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Motisons Jewellers Limited (MOTISONS)

📊 NSE: MOTISONS 🏢 Diamond Cutting / Jewellery 📅 Last Updated: 12/14/2025 10:01

📢 Recent Corporate Announcements

Motisons Jewellers Schedules 15th AGM on September 28, 2026; Sets Cut-off Date to Sept 21

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 06:47 PM

Motisons Jewellers Limited has issued notice regarding its 15th Annual General Meeting (AGM) scheduled for Monday, September 28, 2026, at 03:30 PM IST via Video Conferencing. The company has dispatched intimation letters providing web links to the FY 2025-26 Annual Report and AGM notice for shareholders whose email addresses are not registered. The voting cut-off date has been fixed for September 21, 2026, with remote e-voting running from September 25 to September 27, 2026.

15th Annual General Meeting scheduled for September 28, 2026, at 03:30 PM IST via VC/OAVM
Voting cut-off date determined as Monday, September 21, 2026
Remote e-voting window opens on Friday, September 25, 2026, and closes on Sunday, September 27, 2026
FY 2025-26 Annual Report made accessible on the company website and exchange platforms

💡 Shareholders seeking to vote should ensure their demat holdings are settled by the September 21, 2026 cut-off date and exercise remote e-voting by September 27, 2026.

Motisons Jewellers Schedules 15th AGM on Sept 28, 2026; Fixes Sept 21 Cut-off for e-Voting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 06:31 PM

Motisons Jewellers Limited has issued an intimation regarding its 15th Annual General Meeting (AGM) scheduled for Monday, September 28, 2026, at 03:30 PM IST via video conferencing. In compliance with SEBI LODR Regulation 36(1)(b), letters containing web-links to the AGM Notice and FY 2025-26 Annual Report were sent to shareholders whose email IDs are not registered. The cut-off date to determine e-voting eligibility is set for September 21, 2026, with remote e-voting active from September 25 to September 27, 2026.

15th AGM scheduled for Monday, September 28, 2026, at 03:30 PM IST via VC/OAVM
Cut-off date for determining shareholder voting eligibility is September 21, 2026
Remote e-voting window opens September 25, 2026, and closes September 27, 2026
Web-link for FY 2025-26 Annual Report dispatched to shareholders with unregistered email IDs

💡 Shareholders holding equity shares as of the September 21, 2026 cut-off date can cast their votes during the e-voting window between September 25 and September 27, 2026.

Motisons Jewellers Convenes 15th AGM on Sept 28, 2026; Recommends Nil Dividend for FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 06:20 PM

Motisons Jewellers Limited has issued the notice for its 15th Annual General Meeting (AGM) scheduled for September 28, 2026, via Video Conferencing, alongside the release of its FY25-26 Annual Report. The company reported full-year FY26 total income of Rs 495.84 Cr (up 7.13% YoY) and net profit of Rs 63.71 Cr (up 47.57% YoY from Rs 43.17 Cr). The Board has decided not to recommend any dividend on equity shares for FY26, retaining the entire net profit for internal capital requirements.

15th Annual General Meeting scheduled for September 28, 2026 at 03:30 P.M. IST via VC/OAVM
FY26 total income reached Rs 49,583.69 lakhs compared to Rs 46,285.06 lakhs in FY25 (up 7.13%)
FY26 profit after tax stood at Rs 6,370.77 lakhs, growing 47.57% YoY from Rs 4,317.11 lakhs
Board did not recommend any dividend for FY26, transferring entire profit to Retained Earnings

💡 Track voting outcomes at the AGM on September 28, 2026, and watch for commentary on festive season demand trends and inventory turnover.

Motisons Appoints N.K. Aswani & Co. as Statutory Auditor for 5 Years; Re-appoints 3 Directors

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Sep 2026, 05:20 PM

Motisons Jewellers has approved the appointment of M/s. N.K. Aswani & Co., Chartered Accountants, as Statutory Auditors for a 5-year term spanning FY 2026-27 to FY 2030-31, replacing M/s Keyur Shah & Co. whose 5-year term expires. The Board also approved the re-appointment of three Non-Executive Independent Directors—Mr. Sushil Kumar Gangwal, Mr. Sunil Chordia, and Mr. Vikas Kaler—for second 5-year terms, subject to shareholder approval. The company's 15th AGM is scheduled for September 28, 2026, with the register of members closing from September 22 to September 28, 2026.

Appointed M/s. N.K. Aswani & Co. as Statutory Auditors for a term of 5 consecutive years (FY 2026-27 to FY 2030-31)
Outgoing auditors M/s Keyur Shah & Co. completed their 5-year statutory term at the 15th AGM
Re-appointed Independent Directors Sushil Kumar Gangwal and Sunil Chordia for 5-year terms effective May 25, 2027
Re-appointed Independent Director Vikas Kaler for a 5-year term effective September 15, 2027
15th AGM scheduled for September 28, 2026, with book closure from September 22 to September 28, 2026

💡 Track shareholder voting results at the upcoming Annual General Meeting on September 28, 2026, regarding the auditor appointment and director re-appointments.

Motisons Jewellers Appoints New Statutory Auditor for 5-Year Term; Re-appoints 3 IDs

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Sep 2026, 05:18 PM

Motisons Jewellers announced board approvals for key corporate governance items ahead of its 15th Annual General Meeting (AGM) scheduled for September 28, 2026. The company approved the appointment of M/s N.K. Aswani & Co. as Statutory Auditors for a 5-year term spanning FY27 to FY31, following the completion of the outgoing auditor's term. Additionally, the board approved the re-appointment of three Non-Executive Independent Directors—Mr. Sushil Kumar Gangwal, Mr. Sunil Chordia, and Mr. Vikas Kaler—for second consecutive 5-year terms, subject to shareholder approval. The share transfer books and register of members will be closed from September 22 to September 28, 2026.

Appointment of M/s N.K. Aswani & Co., Chartered Accountants, as Statutory Auditors for a 5-year tenure (FY2026-27 to FY2030-31).
Re-appointment of 3 Non-Executive Independent Directors (Sushil Kumar Gangwal, Sunil Chordia, and Vikas Kaler) for second 5-year terms.
15th Annual General Meeting (AGM) fixed for September 28, 2026, via Video Conferencing.
Book closure dates announced from September 22, 2026, to September 28, 2026 (both days inclusive).

💡 Track voting outcomes of the resolutions at the upcoming 15th AGM on September 28, 2026.

Motisons Proposes New Statutory Auditor for 5-Year Term; Fixes 15th AGM on Sep 28, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Sep 2026, 05:17 PM

Motisons Jewellers Limited has approved the appointment of M/s. N.K. Aswani & Co., Chartered Accountants, as Statutory Auditors for a 5-year term from FY27 to FY31, subject to shareholder approval. This follows the completion of the 5-year tenure of existing auditors M/s. Keyur Shah & Co. at the upcoming AGM. The Board also approved the re-appointment of three Non-Executive Independent Directors for a second 5-year term. The company's 15th Annual General Meeting is scheduled for September 28, 2026.

Appointment of M/s. N.K. Aswani & Co. as Statutory Auditors for 5 consecutive years (FY 2026-27 to FY 2030-31)
Tenure of incumbent auditors M/s. Keyur Shah & Co. concludes at the 15th AGM after completing 5 years
Re-appointment of 3 Independent Directors (Sushil Kumar Gangwal, Sunil Chordia, Vikas Kaler) for a second 5-year term
15th AGM scheduled on September 28, 2026; Register of Members closed from September 22 to September 28, 2026

💡 Monitor voting outcomes on statutory auditor and director re-appointment resolutions at the 15th AGM on September 28, 2026.

Motisons Jewellers Appoints N.K. Aswani & Co. as Statutory Auditor for 5-Year Term; AGM on Sept 28

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Sep 2026, 05:15 PM

Motisons Jewellers announced the outcome of its board meeting held on September 1, 2026. The Board approved the appointment of M/s. N.K. Aswani & Co., Chartered Accountants, as Statutory Auditors for a 5-year term spanning FY 2026-27 to FY 2030-31, replacing outgoing auditor M/s. Keyur Shah & Co. upon term expiry. Additionally, the Board approved the re-appointment of three Non-Executive Independent Directors—Mr. Sushil Kumar Gangwal, Mr. Sunil Chordia, and Mr. Vikas Kaler—for second 5-year terms, subject to shareholder approval. The 15th Annual General Meeting is scheduled for September 28, 2026, with share transfer books closed from September 22 to September 28, 2026.

Appointment of M/s. N.K. Aswani & Co. as Statutory Auditors for 5 consecutive years (FY 2026-27 to FY 2030-31)
Re-appointment of Independent Directors Sushil Kumar Gangwal and Sunil Chordia for 5-year terms starting May 25, 2027
Re-appointment of Independent Director Vikas Kaler for a 5-year term starting September 15, 2027
15th AGM scheduled for September 28, 2026 via Video Conferencing
Book closure fixed from September 22, 2026 to September 28, 2026

💡 Track shareholder voting outcomes on the proposed auditor appointment and director re-appointments at the upcoming AGM on September 28, 2026.

Motisons Jewellers reports zero deviation in utilization of ₹170 Cr raised via QIP/Preferential Issue

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 12 Aug 2026, 05:03 PM

Motisons Jewellers Limited has confirmed zero deviation in the utilization of ₹170 Crores raised through a Preferential Issue and QIP on October 5, 2024. As of the quarter ended June 30, 2026, the company has utilized ₹33.89 Crores for the repayment of outstanding unsecured loans against an original allocation of ₹40 Crores. Issue-related expenses stand at ₹0.11 Crores against an allocated ₹0.50 Crores. The monitoring agency, CRISIL Ratings Limited, and the company's Audit Committee have reviewed the statement with no adverse comments.

Total funds raised via Preferential Issue and QIP amounted to ₹170 Crores on October 5, 2024.
₹33.89 Crores utilized for repayment of unsecured loans including interest, out of ₹40 Crores allocated.
₹0.11 Crores spent on issue-related expenses against an original allocation of ₹0.50 Crores.
CRISIL Ratings Limited confirmed as the monitoring agency with no comments on deviations.
Zero deviation reported for the quarter ended June 30, 2026.

💡 Investors should monitor the deployment of the remaining balance of the ₹170 Crores in future quarterly filings to ensure continued alignment with the company's stated growth or debt-reduction objectives.

₹11.05 Cr PAT: Motisons reports 37.6% YoY profit growth and completes ₹150 Cr QIP

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:37 PM

Motisons Jewellers reported a strong Q1 FY27 with a 37.6% YoY increase in net profit to ₹11.05 Cr, up from ₹8.03 Cr in Q1 FY26. Revenue from operations grew 23.3% YoY to ₹107.33 Cr, though it saw a seasonal decline from the ₹137.47 Cr reported in Q4 FY26. A major highlight was the completion of a ₹150 Cr QIP in June 2026, with ₹129.37 Cr already deployed for working capital requirements. The company's EPS improved to ₹0.11 for the quarter compared to ₹0.08 in the previous year's corresponding period.

Net Profit increased by 37.6% YoY to ₹11.05 Cr in Q1 FY27.
Revenue from operations rose 23.3% YoY to ₹107.33 Cr.
Completed a ₹150 Cr QIP, issuing 13.57 Cr shares at ₹11.05 per share.
Deployed ₹129.37 Cr of QIP proceeds into working capital during the quarter.
Operating expenses were managed effectively, with finance costs reducing to ₹1.08 Cr from ₹1.52 Cr YoY.

💡 Investors should monitor how the ₹129.37 Cr working capital infusion impacts inventory levels and sales volume during the upcoming Q2 and Q3 festive seasons. Watch for the impact of equity dilution on EPS in future quarters following the QIP.

Rs 5 Cr Redemption of 2.50% Non-Convertible Preference Shares by Motisons Jewellers

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Aug 2026, 04:44 PM

Motisons Jewellers has redeemed 50,00,000 Non-Convertible Redeemable Preference Shares (NCRPS) at a face value of Rs 10 each, totaling Rs 5 crore. This redemption follows a board decision from April 2026 and used June 30, 2026, as the cut-off date. Post-redemption, the outstanding preference share capital is reduced by half to Rs 5 crore. The transaction is a minor capital adjustment, representing approximately 1% of the company's Rs 499 crore net worth.

Redemption of 50,00,000 preference shares with a face value of Rs 10 each.
Total redemption value of Rs 5 crore represents ~1% of the company's Rs 499 crore net worth.
The shares carried a fixed dividend rate of 2.50%.
Remaining issued and paid-up preference capital stands at 50,00,000 shares (Rs 5 crore).

💡 This is a routine capital structure adjustment; investors should focus on upcoming quarterly results to track the company's 14% expected growth target and debt reduction progress.

Motisons Jewellers Submits Routine SEBI Dematerialization Certificate for Q1 FY2027

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Jul 2026, 11:31 AM

Motisons Jewellers has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the period ending June 30, 2026. The document, issued by Registrar MUFG Intime India Private Limited, confirms that physical share certificates received for dematerialization were processed, cancelled, and the names of depositories were substituted in the register of members. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records. There is no impact on the company's financial position or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar MUFG Intime India Private Limited (formerly Link Intime) confirmed processing of demat requests
Securities comprised in the certificates are listed on the stock exchanges where earlier securities were listed
Physical certificates were mutilated and cancelled after due verification within prescribed timelines

💡 No action is required as this is a routine procedural filing. Investors should monitor upcoming quarterly financial results for updates on the company's expansion and stock portfolio growth.

Motisons Jewellers to Close Trading Window from July 1 for Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jun 2026, 03:49 PM

Motisons Jewellers Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI insider trading regulations. This closure is ahead of the declaration of the company's un-audited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies in India to ensure fair market practices.

Trading window closure commences on Wednesday, July 01, 2026.
Closure pertains to the un-audited financial results for the quarter ended June 30, 2026.
Window will reopen 48 hours after the official declaration of the quarterly results.
The restriction applies to all Designated Persons and their immediate relatives as per the Company's Code of Conduct.

💡 No immediate action is required as this is a routine regulatory filing. Investors should monitor for the upcoming announcement of the board meeting date where Q1 results will be discussed.

Motisons Jewellers Allots 13.57 Cr Shares via QIP to Raise ₹150 Crore at ₹11.05/Share

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 11 Jun 2026, 10:40 PM

Motisons Jewellers Limited has successfully completed a Qualified Institutions Placement (QIP), raising approximately ₹150 crore. The company allotted 13,57,46,600 equity shares at an issue price of ₹11.05 per share, which included a 4.57% discount to the floor price. Major institutional participants include Pine Oak Global Fund, Mint Focused Growth Fund, and Saint Capital Fund, each securing 16.67% of the total issue. This capital infusion has increased the company's paid-up equity share capital from ₹100.18 crore to ₹113.75 crore.

Raised ₹149.99 crore through the allotment of 13,57,46,600 equity shares to Qualified Institutional Buyers.
Issue price set at ₹11.05 per share, representing a discount of ₹0.53 (4.57%) to the floor price of ₹11.58.
Post-issue paid-up equity capital stands increased to ₹113.75 crore consisting of 113.75 crore shares of ₹1 each.
Six major institutional investors accounted for over 80% of the total shares offered in the QIP.
Top allottees include Pine Oak Global Fund, Mint Focused Growth Fund, and Saint Capital Fund with 16.67% allocation each.

💡 Investors should view the successful institutional fundraise as a positive validation of the company's growth prospects, though they should account for the ~13.5% equity dilution. Monitor the company's upcoming disclosures regarding the specific utilization of these funds for expansion or debt reduction.

Motisons Jewellers Closes QIP; Allocates 13.57 Cr Shares at ₹11.05 per Share

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 11 Jun 2026, 07:23 PM

Motisons Jewellers Limited has successfully closed its Qualified Institutions Placement (QIP) on June 11, 2026. The company approved the allocation of 13,57,46,600 equity shares at an issue price of ₹11.05 per share, raising approximately ₹150 crore. The issue price reflects a 4.57% discount to the floor price of ₹11.58 per share. This capital infusion is intended to strengthen the company's financial position and support its growth objectives.

Approved the closure of the QIP issue on June 11, 2026, following receipt of funds from QIBs.
Allocated 13,57,46,600 equity shares of face value ₹1 each.
Set the issue price at ₹11.05 per share, which includes a premium of ₹10.05 per share.
The issue price represents a discount of 4.57% (₹0.5292) to the floor price of ₹11.58.
Total fundraise amount is approximately ₹150 crore based on the allocated shares and price.

💡 Investors should track the company's utilization of the ₹150 crore proceeds for expansion or debt reduction. While the equity dilution is significant, the successful QIP indicates strong institutional interest in the company's growth story.

Motisons Jewellers Closes Trading Window Following In-Principle Approval for QIP

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 09 Jun 2026, 07:07 PM

Motisons Jewellers Limited has received in-principle approval for a Qualified Institutions Placement (QIP) on June 09, 2026. In compliance with SEBI Insider Trading regulations, the company has immediately closed its trading window for all designated persons. The restriction will remain in place until 48 hours after the final determination of the QIP issue price. This indicates the company is moving forward with its capital-raising plans through institutional investors.

Received in-principle approval for a Qualified Institutions Placement (QIP) on June 09, 2026.
Trading window for designated persons closed with immediate effect from June 09, 2026.
Trading restriction to last until 48 hours after the determination of the QIP Issue Price.
Compliant with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 Investors should watch for the announcement of the QIP floor price and the final issue price to assess institutional interest and potential equity dilution.

View All MOTISONS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Standalone revenue grew 10.88% YoY in FY25 to INR 462.11 Cr from INR 416.76 Cr. Revenue for H1 FY26 surged to INR 1,075.73 Cr, representing a massive jump compared to the previous full year. Segments include gold, diamond, and kundan jewellery.

Geographic Revenue Split

Primarily concentrated in Jaipur, Rajasthan, where the company operates 4 showrooms. Geographic expansion beyond Jaipur is not detailed in percentage terms.

Profitability Margins

Net Profit Margin (NPM) improved from 7.73% in FY24 to 9.34% in FY25. However, standalone PAT for Q2 FY26 was INR 5.99 Cr on revenue of INR 615.32 Cr, indicating a sharp margin compression to approximately 0.97% for that quarter.

EBITDA Margin

EBITDA margin for FY24 was 15.28%, an expansion of 176 basis points YoY. Standalone EBITDA for Q4 FY24 reached INR 17.97 Cr, up 93.32% YoY, with a margin of 15.36%.

Capital Expenditure

Raised INR 170 Cr through a preferential issue on October 5, 2024, to fund working capital and stock portfolio expansion. INR 5.10 Cr was received from warrant conversion in December 2025.

Credit Rating & Borrowing

Borrowings significantly reduced from INR 111 Cr in March 2024 to INR 55 Cr by September 2025 (a 50.4% reduction). Interest coverage ratio surged from 6.45x to 107.31x in FY25 due to debt reduction post-IPO.

⚙️ Operational Drivers

Raw Materials

Gold (represents 30% to 50% of the cost of finished products), diamonds, kundan, pearls, silver, platinum, and precious/semi-precious stones.

Import Sources

Not explicitly disclosed; company references industry reports from GJEPC and IBEF for sourcing trends.

Capacity Expansion

Currently operates 4 showrooms in Jaipur. Expansion strategy focuses on increasing the stock portfolio and design variety (over 300,000 designs) rather than physical showroom count in the short term.

Raw Material Costs

Gold costs fluctuate between 30% and 50% of the total product cost. Volatility in bullion prices directly impacts working capital and margins.

Manufacturing Efficiency

Focus on design innovation and recognizing consumer preferences to drive sales velocity across 300,000+ jewellery batches.

📈 Strategic Growth

Expected Growth Rate

14%

Growth Strategy

Growth is driven by debt reduction to increase net profits, expanding the stock portfolio using preferential issue proceeds (INR 170 Cr), and leveraging the IMS system to repeat fast-selling designs. The company focuses on a wide variety of traditional and modern designs to capture diverse customer segments.

Products & Services

Gold jewellery, diamond jewellery, kundan jewellery, silver artifacts, gold and silver coins, utensils, and precious stone-studded jewellery.

Brand Portfolio

Motisons.

New Products/Services

Continuous launch of new designs within its 300,000+ design library; specific new product line revenue contribution % not disclosed.

Market Expansion

Focus on Jaipur eminence with potential for broader Indian market reach; specific timelines for new regions not disclosed.

Market Share & Ranking

Renowned brand in Jaipur; specific national market share ranking not disclosed.

🌍 External Factors

Industry Trends

The industry is growing at approximately 14% (3-year sales CAGR for the company). Trends show a shift toward organized retail and design-heavy, hallmarked jewellery.

Competitive Landscape

Competes with both organized national players and local unorganized jewellers in the Rajasthan region.

Competitive Moat

Brand equity in Jaipur, a massive library of 300,000+ designs, and a strong balance sheet with a current ratio of 5.77 and low debt-equity of 0.17 provide a sustainable competitive advantage.

Macro Economic Sensitivity

Highly sensitive to gold prices and USD/INR exchange rates which impact raw material procurement costs.

Consumer Behavior

Shift toward variety and fulfilling specific customer needs for traditional and modern combination designs.

Geopolitical Risks

Fluctuations in international commodity markets and trade relations affecting the gems and jewellery industry.

⚖️ Regulatory & Governance

Industry Regulations

Subject to meticulous compliance with trade and manufacturing laws, including hallmarking and bullion trade regulations.

Taxation Policy Impact

Effective tax rate approximately 26-28% based on historical profit and loss data.

Legal Contingencies

The company has disclosed the impact of pending litigations on its financial position in Note 33 of the standalone financial statements; specific case values were not provided in the summary.

⚠️ Risk Analysis

Key Uncertainties

Bullion price volatility (30-50% cost impact), risks of theft/loss in the jewellery line, and compliance risks associated with government regulations.

Geographic Concentration Risk

100% of physical showrooms are located in Jaipur, Rajasthan.

Third Party Dependencies

Dependency on bullion suppliers; specific vendor concentration not disclosed.

Technology Obsolescence Risk

Low risk; company utilizes IMS (Inventory Management System) for digital transformation of stock tracking.

Credit & Counterparty Risk

Trade receivables turnover ratio decreased slightly to 309.92x in FY25, indicating very high quality of receivables and primarily cash-based retail sales.