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Manoj Ceramic seeks shareholder approval to convert preference shares into equity
16-Sep-2026, 07:46
Manoj Ceramic Ltd. approved the variation of rights for 1,00,000 and 1,50,000 15% Non-Cumulative Non-Convertible Redeemable Preference Shares to 15% Compulsory Convertible Preference Shares, respectively, convertible into equity shares with a face value of Rs 10 each at a price of Rs 100 each, including a premium of Rs 90. The company will seek shareholder approval for the issuance at an Extraordinary General Meeting on October 15, 2026, and has appointed Rawal & Co. as the scrutinizer.