The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for New Track Garments Pvt Ltd
PCJEWELLER · price
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On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.7 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PC Jeweller's promoter group entity, New Track Garments Private Limited, has converted 64,057,000 fully convertible warrants into equity shares via preferential allotment after paying the remaining 75% of the issue price. As a result, New Track Garments' direct equity stake rose from 26,097,220 shares (0.04% of total share capital) to 66,666,720 shares (1.02% of total share capital, 0.67% on a diluted basis). Including PAC Krishna Devi's existing 4,846,281,30 shares, the combined promoter group holding on a fully diluted basis stands at 12.88% of PC Jeweller. The company's total equity share capital increased to Rs. 65.44 crore (654,534,100 shares of Re. 1 each) following the allotment, dated 3 May 2025.
This is a constructive signal as it shows promoter group commitment by injecting additional capital into the company to convert warrants. For retail shareholders, it indicates promoter confidence in the business, though the overall promoter holding remains modest at under 13% on a fully diluted basis, leaving room for further acquisitions.