BSECompany Update2d ago · 12 Aug 2026, 04:50 pm
In accordance with Regulation 32(6) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and applicable Regulation of the SEBI (Issue of Capital and Disclosure ....
Motisons Jewellers Ltd · 544053
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Motisons Jewellers Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, regarding the utilization of proceeds from its Preferential Issue and Qualified Institutions Placements.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
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Market Sentiment5/10
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Motisons Jewellers Ltd - 544053 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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CIN-L36911RJ2011PLC035122
Date: 12.08.2026
BSE Limited Na(cid:415)onal Stock Exchange of India Limited
Dept of Corporate Services The Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street, Fort Bandra Kurla Complex, Bandra (East),
Mumbai 400001 (Maharashtra) Mumbai 400051 (Maharashtra)
Scrip Code: 544053 Symbol: MOTISONS
Sub: Monitoring Agency Report for the Quarter ended June 30th, 2026.
Dear Sir/Madam,
In accordance with Regulation 32(6) of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015 and applicable Regulation of the SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018, as amended, the Monitoring Agency Report in respect of utilization of proceeds of the
Preferential Issue and qualified institutions placements, for the Quarter ended June 30th, 2026, issued by
M/s. CRISIL Ratings Limited, Monitoring Agency is enclosed herewith.
The above said disclosure will also be hosted on the website of the Company at
https://motisonsjewellers.com.
This is for your information and records.
Thanking you,
Yours faithfully,
For Mo(cid:415)sons Jewellers Limited
Bhavesh Surolia
Company Secretary & Compliance Officer
Membership No.: A64329
Encl: As Above
Monitoring Agency Report
Motisons Jewellers Limited
for the quarter ended
June 30, 2026
CRL/MAR/ MTSNJL /2026-27/1914
August 12, 2026
Motisons Jewellers Limited
270, 271, 272 & 276 Johri Bazar,
Jaipur – 302003, Rajasthan, India
Dear Sir,
Final Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue
(“PI”) of Motisons Jewellers Limited (“the Company”)
Pursuant to Regulation 41(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated November 23, 2023, enclosed herewith the Final
Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI
ICDR Regulations towards utilization of proceeds of PI for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Final report of the Monitoring Agency (MA)
Name of the issuer: Motisons Jewellers Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: Not applicable
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the
issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and
reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/
statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do
not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this
report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the
agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the
Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the
Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer
and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA
takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Motisons Jewellers Limited
Names of the promoter: a. Sandeep Chhabra
b. Namita Chhabra
c. Sandeep Chhabra HUF
d. Sanjay Chhabra HUF
e. Kajal Chhabra
f. Motisons Global Private Limited
g. Motisons Entertainment India Private Limited
h. Moti Lal Sandeep Chhabra (HUF)
i. Sanjay Chhabra
Industry/sector to which it belongs: Gems Jewellery and Watches
2) Issue Details
Issue Period: October 05, 2024
Type of issue (public/rights): Preferential Issue
Type of specified securities: Fully Convertible Warrants
IPO Grading, if any: NA
Issue size: Rs 170.00 crore* (Issue proceeds)
*Crisil Ratings shall be monitoring the issue proceeds amount. (Refer Note 1 on page no 5)
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
information/
certifications Comments of Comments of
Particulars Reply considered by the Monitoring the Board of
Monitoring Agency Agency Directors
for preparation of
report
Management
undertaking, Statutory
No Proceeds
Auditor’s Certificate^,
were utilized
Whether all utilization is as per the disclosures Final Notice to
Yes towards the No Comments
in the Offer Document? shareholders dated 14th
objects of the
August 2024 (“Offer
offer
Document”), Bank
Statements
Whether shareholder approval has been
obtained in case of material deviations from
NA No Comments No Comments
expenditures disclosed in the Offer
Document?
Source of
information/
certifications Comments of Comments of
Particulars Reply considered by the Monitoring the Board of
Monitoring Agency Agency Directors
for preparation of
report
Whether the means of finance for the disclosed
No No Comments No Comments
objects of the issue has changed?
Is there any major deviation observed over the
No No Comments No Comments
earlier monitoring agency reports?
Whether all Government/statutory approvals
NA No Comments No Comments
related to the object(s) have been obtained?
Management
undertaking,
Statutory Auditor’s
Whether all arrangements pertaining to
Certificate^
technical assistance/collaboration are in NA No Comments No Comments
operation?
Are there any favorable events improving the
No No Comments No Comments
viability of these object(s)?
Are there any unfavorable events affecting the
Yes Refer note 1 No Comments
viability of the object(s)?
Is there any other relevant information that
may materially affect the decision making of No No Comments No Comments
the investors?
NA represents Not Applicable
^Certificate dated July 31, 2026, issued by M/s Keyur Shah & Co., Chartered Accountants (Firm Registration Number:
141173W), Statutory Auditors of the Company.
Note 1: Forfeiture of warrant subscription amount on account of non-exercise of conversion rights (82,70,000 out of
1,00,00,000 warrants) attached to warrants during the quarter has led to a reduction in issue proceeds. This shortfall in issue
proceeds has impacted the viability of the objects of the issue.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Original Comments of the Board of Directors
Source of
cost
information/
(as per Revised Particulars
Sr. certification
the Offer Cost Comment Reason of Proposed of firm
No Item considered by
Docume (Rs in of the MA Cost financing arrange-
. Head MA for
nt) crore) revision option ments
preparation of
(Rs in Made
report
crore)
Issue Related No No No
1 0.50 0.11
E
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