PC Jeweller Limited, one of India's leading jewellery retailers, has allotted 6,85,50,000 fully paid-up equity shares of face value ₹1 each pursuant to the conversion of 68,55,000 Fully Convertible Warrants, in accordance with applicable SEBI regulations. The allotment was approved by the Board of Directors through a circular resolution passed on January 22, 2026.
The warrants were converted by six allottees belonging to the Non-Promoter, Public Category, following the receipt of the balance consideration amounting to ₹28.89 crore, representing 75% of the issue price per warrant. The conversion was carried out at a price of ₹42.15 per warrant, in line with the terms of issue and the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The equity shares allotted pursuant to this conversion have been adjusted to reflect the sub-division of the Company's equity shares from a face value of ₹10 to ₹1, which came into effect on December 16, 2024. The newly allotted equity shares shall rank pari passu with the existing equity shares of the Company in all respects.
Consequent to the allotment, PC Jeweller's paid-up equity share capital has increased from ₹732.85 crore to ₹739.70 crore, comprising 739.70 crore equity shares of ₹1 each. The transaction has led to a marginal increase in public shareholding, with the public shareholding rising to 63.15%, while the promoter and promoter group holding stands at 36.85% post allotment.
The conversion of warrants and the resultant capital infusion further strengthen the Company's balance sheet and liquidity position, providing additional financial flexibility to support ongoing operations and strategic initiatives. The Company continues to focus on enhancing operational efficiencies, improving profitability, and creating long-term value for all stakeholders.
PC Jeweller remains committed to prudent capital management and transparent disclosures, in line with regulatory requirements and best corporate governance practices.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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