Statement of deviation or variation in utilisation of issue proceeds for the quarter ended March 31, 2026
PCJEWELLER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PC Jeweller has confirmed there is NO deviation or variation in how it has used proceeds from two preferential issues (warrants and equity shares). During Q4 FY26 (January-March 2026), the company raised Rs 556.43 crore through conversion of Fully Convertible Warrants into equity shares in six tranches. The funds are being used as stated originally: repayment of banker's outstanding debts, working capital, and general corporate purposes. As of March 31, 2026, Rs 75.33 crore remains unutilized in the monitoring account. CARE Ratings Limited is the monitoring agency. The second preferential issue (approved August 2025) had no fresh funds raised or utilized during this quarter.
Positive for shareholders as the company has demonstrated full compliance with fund utilization commitments and no misuse of proceeds from equity raises. The Rs 75.33 crore unutilized balance is expected to be deployed by the approved timeline of April 2026.