PC Jeweller Limited has informed regarding Disclosure of material issue
PCJEWELLER · price
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PC Jeweller's board, via a circular resolution on March 28, 2026, allotted 20.09 crore equity shares (face value ₹1 each) on conversion of 2.00 crore fully convertible warrants. These warrants were originally issued via preferential allotment to the promoter group and public category in September–October 2024. The company received ₹84.71 crore as the balance 75% payment at ₹42.15 per warrant, against a total issue price of ₹56.20 per warrant (₹5.62 per share post the 1:10 stock split). Four allottees participated, including New Track Garments (promoter group) and three public category investors. Consequently, paid-up equity capital rose from ₹836.86 crore to ₹856.96 crore. Promoter group shareholding increased from 39.83% to 41.10%, while public shareholding diluted from 60.17% to 58.90%.
Mild dilution (~2.4% increase in share count) for existing public shareholders. The conversion signals promoter confidence and brings in roughly ₹113 crore of total capital to the company, while the shift in shareholding slightly strengthens promoter control.