The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Balram Garg HUF & PACs
PCJEWELLER · price
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On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 1.9 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 Balram Garg (HUF) and PAC Pooja Garg increased their stake in the company through conversion of Fully Convertible Warrants into equity shares on 02/02/2026. Balram Garg (HUF) rose from 1.23% to 4.44% (adding 25.98 crore shares), while Pooja Garg rose from 0.08% to 1.77% (adding 13.40 crore shares), via preferential allotment upon payment of the balance 75% issue price. Total promoter group holding moved from 28.93% to 32.04% of the expanded share capital (27.76% to 27.77% on a fully diluted basis). The company's equity share capital expanded from Rs. 7,397 crore to Rs. 7,910 crore, reflecting the issue of about 51.25 crore new Re. 1 shares.
The promoter group's fresh capital infusion and higher stake signal continued insider confidence in the company's prospects, which is generally positive for retail shareholders. The warrant conversion is within SEBI creeping acquisition norms and does not trigger any open offer obligation.