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
Balance Sheet Risk2/10
Liquidity Impact8/10
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 [Showing first 8,000 characters — download PDF for full document]