PC Jeweller Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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 Limited has announced the results of its postal ballot (notice dated July 10, 2025), declared on August 12, 2025. All three resolutions were passed with overwhelming majority. Resolution 1, increasing the Authorised Share Capital and amending the Capital Clause of the Memorandum of Association (Ordinary Resolution), was approved with 99.99% votes in favour. Resolution 2, issuance of up to 9.72 crore fully convertible warrants via preferential allotment to Bairam Garg, passed with 99.72% in favour. Resolution 3, issuance of up to 18.06 crore equity shares via preferential allotment to Capital Ventures Private Limited, also passed with 99.72% in favour. Voting was based on 65.45 crore equity shares, out of a total paid-up capital of 65.75 crore shares (3.08 crore shares were excluded as their stock exchange trading approval was still pending).
The capital infusion through warrants and equity shares will strengthen the company's balance sheet, but the preferential allotments to specific entities will lead to dilution for existing shareholders. The increase in authorised capital provides room for future fundraising activities.