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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Awaiting price reaction for this filing.
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.