PC Jeweller Limited has informed regarding Disclosure of material issue
PCJEWELLER · price
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PC Jeweller's Board has allotted 10.72 crore equity shares (face value ₹1 each) upon conversion of 1.07 crore warrants by two non-promoter allottees. The company received ₹45.20 crore as the balance 75% amount at ₹42.15 per warrant (₹56.20 issue price). The main allottee is Unico Global Opportunities Fund Limited, receiving 10.67 crore shares, while Maukunti Pujara received 4.75 lakh shares. This is part of an earlier preferential allotment of warrants dated September-October 2024, with share numbers adjusted for the stock split from ₹10 face value to ₹1. Paid-up equity capital rose from ₹790.95 crore to ₹801.67 crore. Promoter holding dipped slightly from 40.94% to 40.39%, while public holding rose to 59.61%.
This is a dilution event for shareholders as 10.72 crore new shares are added to the float. Promoter stake marginally declines, while public shareholding increases. The fresh equity strengthens the company's capital base, though it does not bring new money beyond the warrant conversion price already agreed upon.