PC Jeweller Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
PCJEWELLER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PC Jeweller has filed its quarterly Reg. 32 compliance statement for the quarter ended June 30, 2025, confirming there is no deviation or variation in the use of proceeds from its preferential issue of Fully Convertible Warrants. During the quarter, the company raised an additional Rs. 92.77 crore (Rs. 79.77 cr on April 29 and Rs. 13 cr on May 29, 2025) through conversion of warrants, receiving the balance 75% of the issue price. Of the original allocation of Rs. 2,705.14 crore, Rs. 1,267.40 crore has been utilized till date — Rs. 598.49 cr towards repaying bank debts, Rs. 529.01 cr for working capital, and Rs. 139.90 cr for general corporate purposes. The company utilized Rs. 111.66 crore during the quarter alone, with only Rs. 0.01 crore remaining unutilized in the monitoring account at quarter-end. The tentative timeline for full utilization extends to February–May 2026, and CARE Ratings is acting as the monitoring agency.
This is a routine positive compliance filing — no deviation in fund use means the company is sticking to the stated purpose of the preferential issue, mainly deleveraging via bank debt repayment. For shareholders, the strong utilization progress (especially debt repayment) supports balance sheet improvement, though a small under-subscription led to a marginal downward revision in allocated amounts.