PC Jeweller Limited has informed the Exchange regarding 'Allotment of 9784800 equity shares on conversion of Fully Convertible Warrants & consequential changes in the paid-up equity share capital'.
PCJEWELLER · price
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PC Jeweller has allotted 97,84,800 equity shares to 2 non-promoter allottees (Hawk Capital Pvt Ltd and Vivek Garg) upon conversion of 9,78,480 fully convertible warrants, originally issued via preferential allotment in September–October 2024. The company received a balance amount of ₹4.12 crore at the rate of ₹42.15 per warrant (75% of the ₹56.20 issue price). Post-split adjusted issue price works out to ₹5.62 per share (including ₹4.62 premium). The paid-up equity capital has increased from ₹692.22 crore to ₹693.19 crore. Public shareholding rises marginally from 60.62% to 60.68%, while promoter holding dips slightly from 39.38% to 39.32% on a diluted basis.
This is a routine warrant-to-equity conversion (not fresh fundraising), resulting in minor equity dilution (~0.14% increase in share count). No new cash infusion beyond the already-agreed conversion amount; share price impact expected to be neutral to mildly negative due to supply addition.