PC Jeweller Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
PCJEWELLER · price
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PC Jeweller has filed its quarterly Reg 32 compliance statement confirming there is no deviation or variation in how it is using money raised through a preferential issue of Fully Convertible Warrants. No fresh funds were raised during the January–March 2025 quarter, but the company deployed Rs. 251.18 crore of previously unutilized warrant proceeds, leaving Rs. 18.90 crore in the monitoring account as of March 31, 2025. The funds have been used mainly for repaying bank debts (Rs. 486.83 crore utilised of Rs. 2,022.73 crore allocated) and meeting working capital needs (Rs. 529.01 crore utilised of Rs. 529.10 crore allocated), broadly in line with shareholder-approved objects. The Audit Committee reviewed the statement and had no comments, and CARE Ratings is acting as the monitoring agency.
The filing is a routine compliance update and carries no negative signal — there is no misuse or diversion of the money raised from warrant holders. The steady debt repayment and full working-capital deployment are mildly positive for the company's balance sheet, while the small balance left to be utilised by April–May 2026 keeps the capex/debt-reduction story continuing into the next financial year.