Motisons Jewellers logo

Motisons Jewellers MD, chairman, board of directors and AGM

NSE: MOTISONSBSE: 544053Consumer DurablesSmall Cap

Last close ₹14.99down ₹0.89 (5.60%)BSE ₹15.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹15.88.

52-week range of traded prices to 23 Oct 2026
₹10.62Low, 27 Jan 2026₹19.78High, 24 Sep 2026
Market cap
₹1,705 Cr1,343rd largest listed
P/E
25.6
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
14.6%
ROCE
16.5%
Debt to equity
0.08
Volume, NSE
3,84,58,97327.3% delivered

Motisons Jewellers board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSandeep ChhabraRelated to the promoter
  • Managing directorSanjay Chhabra
  • Managing directorLaksh Chhabra
  • Company Secretary and Compliance OfficerBhavesh Surolia

10 directors5 independent3 executive2 non-executive

  • Sandeep Chhabra · ChairpersonExecutive · joined May 2011 · reappointed Jul 2025 · 1 listed board
  • Sanjay Chhabra · Managing directorExecutive · joined May 2011 · reappointed Jul 2023 · 1 listed board · 2 committee seats
  • Laksh Chhabra · Managing directorExecutive · joined Aug 2022 · reappointed Aug 2025 · 1 listed board
  • Kajal ChhabraNon-executive · joined May 2011 · reappointed May 2011 · 1 listed board
  • Namita ChhabraNon-executive · joined May 2011 · reappointed May 2011 · 1 listed board
  • Sunil ChordiaIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Sushil Kumar GangwalIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Vikas KalerIndependent · joined Sep 2022 · reappointed Sep 2022 · 45 months as independent · 1 listed board · 1 as independent
  • Meena ChoudhryIndependent · joined May 2024 · reappointed May 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Priyanka JainIndependent · joined Oct 2024 · reappointed Oct 2024 · 21 months as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Jayesh Nemchand Mehta, left 13 Nov 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Jun 202610 of 10 present5 independent · 1 day in between
    • 9 Jun 202610 of 10 present5 independent · 17 days in between
    • 22 May 202610 of 10 present5 independent · 8 days in between
    • 13 May 202610 of 10 present5 independent · 6 days in between
    4 earlier meetings
    • 6 May 202610 of 10 present5 independent · 19 days in between
    • 16 Apr 202610 of 10 present5 independent · 40 days in between
    • 6 Mar 202610 of 10 present5 independent · 23 days in between
    • 10 Feb 202610 of 10 present5 independent

  • Audit Committee

    Chair Sunil Chordia

    Sushil Kumar Gangwal, Priyanka Jain

    • 22 May 20263 of 3 present3 independent · 8 days in between
    • 13 May 20263 of 3 present3 independent · 26 days in between
    • 16 Apr 20263 of 3 present3 independent · 64 days in between
    • 10 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Sunil Chordia

    Sushil Kumar Gangwal, Vikas Kaler

    • 22 May 20263 of 3 present3 independent · 100 days in between
    • 10 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Meena Choudhry

    Sanjay Chhabra, Priyanka Jain

    • 22 May 20263 of 3 present2 independent · 100 days in between
    • 10 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Sandeep Chhabra

    Sanjay Chhabra, Sunil Chordia

    • 16 Apr 20263 of 3 present1 independent

  • Fund Raising Committee

    Chair Sanjay Chhabra

    Sandeep Chhabra, Laksh Chhabra

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Keyur Shah & Co.Peer-review certificate valid to Dec 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Motisons Jewellers AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Motisons Jewellers share news and announcements

Annual general meeting, 28 Sep 2026

1,92,745 shareholders on the register on 21 Sep 2026; present: 4 promoters and 47 others; votes counted by Akshit Kumar Jangid / Pinchaa & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

  2. To appoint a Director in place of Mr. Laksh Chhabra (DIN: 09695269), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

  3. To appoint a Director in place of Mrs. Namita Chhabra (DIN: 00205859), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

  4. To appoint M/s. N.K. Aswani & Co., Chartered Accountants, a peer reviewed Proprietorship Firm (Firm registration no. 100738W) as the Statutory Auditors of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

  5. Reappointment of Mr. Sushil Kumar Gangwal (DIN: 09573928) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

  6. Reappointment of Mr. Sunil Chordia (DIN: 02994743) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

  7. Reappointment of Mr. Vikas Kaler (DIN: 09737095) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 57.44% · promoters 100.00% · institutions 9.64% · other public 0.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Apr 2026, 2 resolutions

1,66,612 shareholders on the register on 20 Mar 2026; votes counted by Akshit Kumar Jangid / Pinchaa & Co..The company's voting result (opens in a new tab)

  1. To approve raising of funds in one or more tranches, by issuance of equity shares and/or other eligible securities of the company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 64.86% · promoters 100.00% · institutions 0.00% · other public 0.01%

  2. Increase in authorised share capital of the company and consequent amendment in the capital clause of the memorandum of association of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 64.86% · promoters 100.00% · institutions 0.00% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2025, 6 resolutions

1,71,080 shareholders on the register on 20 Sep 2025; present: 6 promoters and 44 others; votes counted by Akshit Kumar Jangid / Pinchaa & Co..The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 st March, 2025 together with the reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 66.03% · promoters 100.00% · institutions 0.00% · other public 0.09%

  2. To appoint a Director in place of Mr. Sanjay Chhabra (DIN: 00120792), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.17%

    Turnout: all 66.03% · promoters 100.00% · institutions 0.00% · other public 0.09%

  3. To appoint a Director in place of Mrs. Kajal Chhabra (DIN: 00120914), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.17%

    Turnout: all 66.03% · promoters 100.00% · institutions 0.00% · other public 0.09%

  4. Appointment of M/s. Bhawika Ramnani & Co, a peer reviewed Sole Proprietorship firm of Company Secretary in Practice (Firm Registration Number S2023RJ949100) as Secretarial Auditors of the company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.26%

    Turnout: all 66.03% · promoters 100.00% · institutions 0.00% · other public 0.09%

  5. Reappointment of Mr. Sanjay Chhabra (DIN: 00120792) as Managing Director of the company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.27%

    Turnout: all 66.03% · promoters 100.00% · institutions 0.00% · other public 0.09%

  6. To authorize the Board of Directors for providing Loan(s), Guarantee(s) or Security(ies) under section 185 of the Companies Act, 2013
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 66.03% · promoters 100.00% · institutions 0.00% · other public 0.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Oct 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To approve Sub-Division of Face Value of Equity Shares of the Company from Rs. 10/-n(Rupees Ten Only) each to Re. 1/- (Rupee One Only) each.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 66.17% · promoters 100.00% · institutions 0.00% · other public 0.52%

  2. To approve alteration of capital clause of Memorandum of Association of the companynconsequent to the sub-division of the face value of the Equity shares of the company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 66.17% · promoters 100.00% · institutions 0.00% · other public 0.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 6 resolutions

Present: 6 promoters and 32 others.The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2024 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.19% · promoters 100.00% · institutions 0.00% · other public 0.58%

  2. TO APPOINT A DIRECTOR IN PLACE OF MR. SANDEEP CHHABRA (DIN: 00120838), WHO RETIRES BY ROTATION AT THIS ANNUAL GENERAL MEETING AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 66.19% · promoters 100.00% · institutions 0.00% · other public 0.57%

  3. TO APPOINT A DIRECTOR IN PLACE OF MRS. NAMITA CHHABRA (DIN: 00205859), WHO RETIRES BY ROTATION AT THIS ANNUAL GENERAL MEETING AND BEING ELIGIBLE, OFFERS HERSELF FOR RE-APPOINTMENT.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 66.19% · promoters 100.00% · institutions 0.00% · other public 0.57%

  4. REAPPOINTMENT OF MR. SANDEEP CHHABRA (DIN: 00120838) AS CHAIRMAN CUM WHOLE TIME DIRECTOR OF THE COMPANY.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 66.19% · promoters 100.00% · institutions 0.00% · other public 0.57%

  5. REAPPOINTMENT OF MR. LAKSH CHHABRA (DIN: 09695269) AS JOINT MANAGING DIRECTOR OF THE COMPANY.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 66.19% · promoters 100.00% · institutions 0.00% · other public 0.57%

  6. APPOINTMENT OF MS. PRIYANKA JAIN (DIN: 10729434) AS AN INDEPENDENT DIRECTOR OF THE COMPANY.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 66.19% · promoters 100.00% · institutions 0.00% · other public 0.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 13 Sep 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. ISSUANCE OF UP TO 1,00,00,000 (ONE CRORE ONLY) FULLY CONVERTIBLE WARRANTS (“WARRANTS”) ON PREFERENTIAL BASIS TO THE PERSONS BELONGING TO “NON-PROMOTER, PUBLIC CATEGORY”
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.90%

    Turnout: all 66.05% · promoters 100.00% · institutions 0.00% · other public 0.13%

  2. INCREASE IN AUTHORISED SHARE CAPITAL OF THE COMPANY AND CONSEQUENT ALTERATION IN CLAUSE V OF THE MEMORANDUM OF ASSOCIATION
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 66.05% · promoters 100.00% · institutions 0.00% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Apr 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Meena Choudhry (DIN: 10521713) as a Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.60%

    Turnout: all 66.22% · promoters 100.00% · institutions 0.10% · other public 0.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputePrincipal Commissioner of Income Tax - 1Since 14 Jun 2023
    Pending
  • Tax disputePrincipal Commissioner of Income Tax - 1Since 14 Jun 2023
    Pending
  • Tax disputeRajasthan High Court Bench Jaipur, RespondentSince 23 Mar 2021
    Hearing Date Pending
  • Tax disputeAssistant CommissionerSince 15 Jul 2022
    Hearing Date Pending against Appeal
  • Tax disputeAssistant CommissionerSince 5 Jul 2022
    Hearing Date Pending against Appeal
  • Tax disputeSuperitendentSince 30 Dec 2025
    Superitendent,CGST Range-XIX,

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesOct 2024, checked by CRISIL Ratings Limited170.00Issue Related Expenses0.500.11No
Preferential IssuesOct 2024, checked by CRISIL Ratings Limited170.00Repayment of Outstanding unsecured loans including interest accrued thereon40.0033.89No
Preferential IssuesOct 2024, checked by CRISIL Ratings Limited170.00General Corporate Purposes34.500.00No
Preferential IssuesOct 2024, checked by CRISIL Ratings Limited170.00Working Capital Requirements95.0030.56No
QIPJun 2026, checked by CRISIL Ratings Limited150.00Funding working capital requirements of the Company130.00129.37No
QIPJun 2026, checked by CRISIL Ratings Limited150.00General corporate purposes9.370.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.