PC Jeweller Strengthens Capital Base with ₹33 Crore Warrant Conversion; Allots 7.9 Crore Equity Shares

New Delhi [India], April 01: PC Jeweller Limited has announced the allotment of 7,90,45,290 equity shares of face value ₹1 each following the conversion of 79,04,529 fully convertible warrants. The conversion, undertaken by two investors from the non-promoter, public category, comes after the Company received the balance consideration of approximately ₹33.31 crore. The newly issued shares will rank pari-passu with the existing equity shares, reinforcing the Company's equity base.

The conversion is part of the Company's earlier preferential allotment of 48.08 crore warrants announced in September and October 2024. The warrants were converted at a price of ₹56.20 each, with 75% of the issue price payable at the time of conversion. The transaction reflects adjustments made following the sub-division of equity shares from a face value of ₹10 to ₹1, effective December 16, 2024, ensuring alignment with the revised capital structure.

Following this allotment, PC Jeweller's paid-up equity share capital has increased from ₹856.96 crore to ₹864.86 crore. The transaction has also led to a marginal shift in the Company's shareholding pattern, with public shareholding rising to 59.28%, while promoter and promoter group holding stands at 40.72%.

This development underscores PC Jeweller's continued efforts to strengthen its financial position and enhance liquidity, while maintaining compliance with regulatory frameworks. The capital infusion is expected to support the Company's strategic initiatives and drive long-term value creation for shareholders.

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