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 & PACs
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 Ltd, converted 64,057,000 Fully Convertible Warrants into equity shares on May 3, 2025, paying the balance 75% of the issue price as per SEBI ICDR rules. Post-conversion, New Track Garments holds 66,666,720 shares (1.02% of voting capital) plus 73,333,3280 warrants (7.35%), taking its shareholding up from 0.04% voting equity to 1.02%. PAC Krishna Devi's holding remains unchanged at 7.41% of voting equity. Total promoter group holding stands at 8.43% of voting capital (12.88% on a fully diluted basis), well below takeover thresholds. The company's share base rose from Rs. 63.55 crore to Rs. 65.44 crore as a result.
This is a routine, pre-scheduled warrant-to-equity conversion by the promoter group — not a fresh market purchase — so it has limited price impact. However, it signals continued promoter commitment to the company as they paid the balance 75% to convert warrants into voting shares.