PC Jeweller Promoter Group Entity Converts Warrants Worth 30.8 Million Equity Shares
By Ankur Chandra | Updated at: May 31, 2025 10:46 PM IST
PC Jeweller Ltd has announced the conversion of 30.84 lakh fully convertible warrants into equity shares, resulting in the allotment of 3,08,42,400 equity shares of face value ₹1 each to a promoter group entity. This move has increased the company’s paid-up equity share capital from ₹654.45 crore to ₹657.54 crore.
Key Transaction Details
| Particulars | Pre-Allotment | Post-Allotment |
|---|---|---|
| Paid-Up Equity Share Capital | ₹654.45 crore (₹1/share) | ₹657.54 crore (₹1/share) |
| No. of Equity Shares | 654,45,34,100 | 657,53,76,500 |
- Allottee: New Track Garments Private Limited (Promoter Group)
- Warrants Converted: 30,84,240
- Shares Allotted: 3,08,42,400 (after 10:1 stock split effective from Dec 16, 2024)
- Issue Price per Warrant: ₹56.20
- Amount Received (75% of Issue Price): ₹13 crore
- Conversion Price Post-Split: ₹5.62 per equity share (incl. ₹4.62 premium)
The warrant conversion is part of the company’s larger preferential allotment of 48.08 crore warrants approved earlier for both promoter and non-promoter groups.
Shareholding Impact
Following this conversion:
- Promoter group’s stake increased from 39.80% to 40.08%
- Public shareholding marginally declined from 60.20% to 59.92%
Regulatory Compliance
This is in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI ICDR Regulations 2018. All Directors approved the resolution through circulation, with final approval received at 1:13 PM on May 29, 2025.
Strategic Implication
The equity conversion increases promoter confidence in the company and also improves liquidity and capital structure. The shares allotted rank pari-passu with existing equity shares, ensuring uniform shareholder rights.
About PC Jeweller Ltd
PC Jeweller Ltd, incorporated in 2005 and headquartered in New Delhi, is a leading player in the Indian jewellery retail space, with a presence across multiple cities and strong brand recognition. The company’s shares are listed on both BSE and NSE.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://nsearchives.nseindia.com/corporate/PCJEWELLER_29052025132200_WarrantConversionIntimation.pdf
