Manoj Ceramic Board Approves 2.5 Lakh Promoter Preference Shares Conversion

Board approved variation of 2,50,000 15% NCRPS of Rs100 each into CCPS convertible into 2,50,000 equity shares at Rs100 each to promoters, subject to EGM on Oct 15, 2026. Converts promoter redeemable obligation to equity, removing redemption outflow and lifting promoter stake to 54.2%; novel move for a small-base scaler focused on premiumization and exports. Public stake dips to 45.8% on conversion with no fresh cash inflow; EGM approval on Oct 15 and conversion within 18 months are key monitorables.