Moksh Ornaments Limited conducted a Board Meeting on April 29, 2026, to discuss critical financial authorizations. The Board approved a significant proposal to enhance the company’s borrowing limits under Section 180(1)(c) of the Companies Act, 2013. This move aims to increase the company’s total borrowing capacity to an amount not exceeding ₹500 Crores, pending shareholder approval.

Detailed outcomes from the meeting include the authorization to create charges on both movable and immovable properties of the company, whether present or future. This collateralization will support the newly proposed borrowing limit of ₹500 Crores, which also encompasses existing debt. To formalize these decisions, the Board approved a Postal Ballot notice to obtain necessary shareholder consent via remote e-voting. Additionally, M/s Jaymin Modi & Co. was appointed as the Scrutinizer to oversee the integrity of the Postal Ballot process.

Moksh Ornaments, established in 2012, is a Mumbai-based firm specializing in the manufacture, export, and wholesale of gold jewelry, including bangles, chains, and Mangal sutras. The company leverages a job-work model, outsourcing design and manufacturing to skilled artisans in Kolkata and Mumbai. In December 2025, the company made headlines by initiating a rights issue to raise ₹49 Crore, offering shares at a ratio of 14:23 to strengthen its financial base. Their products are widely distributed to prominent retail brands such as Nakshatra Jewelry and P.N. Gadgil Jewelers, alongside active exports to the UAE.

For the quarter ended December 2025, Moksh Ornaments reported a net profit of ₹2.83 Crores, reflecting a 14.11% increase compared to ₹2.48 Crores in the same period of 2024. However, revenue for this quarter stood at ₹115.29 Crores, a marginal year-over-year decline of 1.82%. On a quarter-over-quarter basis, revenue saw a sharp decline of 24.06% from the ₹151.70 Crores reported in September 2025, while net profit grew slightly by 2.54%. The company’s shareholding as of late 2025 and early 2026 includes the Pine Oak Global Fund, which holds a 4.53% stake, representing a key institutional investor.