PC Jeweller Allots 51.24 Crore Equity Shares on Conversion of Warrants; Promoter Holding Rises to 40.94%

Mumbai (Maharashtra) [India] February 2: PC Jeweller Limited has successfully completed the allotment of 51.24 crore equity shares of face value ₹1 each following the conversion of 5.12 crore fully convertible warrants, in accordance with applicable SEBI regulations. The allotment was approved by the Board of Directors through a circular resolution on January 31, 2026, and the equity shares have been issued to three promoter group entities.

The conversion was carried out upon receipt of the balance consideration amounting to ₹216.01 crore, representing 75% of the issue price payable at the time of conversion. The equity shares have been allotted at an effective issue price of ₹5.62 per share, including a premium of ₹4.62 per share, after adjusting for the subdivision of the Company's equity shares. The newly allotted shares rank pari-passu with the existing equity shares of the Company.

Consequent to the allotment, the Company's paid-up equity share capital has increased from ₹739.70 crore to ₹790.95 crore, comprising 790.95 crore equity shares of ₹1 each. The transaction has resulted in an increase in promoter and promoter group shareholding to 40.94%, up from 36.85% prior to the conversion, underlining the promoters' continued confidence and long-term commitment to the business. The public shareholding stands at 59.06% post allotment.

The conversion forms part of the preferential allotment of fully convertible warrants announced by the Company in September and October 2024, made in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The allotment also reflects adjustments pursuant to the subdivision of equity shares from a face value of ₹10 to ₹1, which became effective on December 16, 2024. PC Jeweller confirmed that all requisite disclosures have been made in line with SEBI (LODR) Regulations.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor