The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pooja Garg & PACs
PCJEWELLER · price
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Pooja Garg, part of the promoter group of PC Jeweller Ltd, has increased her shareholding from 1.62% to 3.67% by converting 2.16 crore fully convertible warrants into equity shares on 13 April 2026. This was done by paying the balance 75% of the issue price as per the preferential allotment terms. The conversion caused PC Jeweller's total equity share capital to expand from Rs 86.49 crore to Rs 97.11 crore (about 10.6 crore new shares issued). Other promoter entities — Balram Garg and Balram Garg HUF — did not change their holdings. The overall promoter group stake remains around 28-29% of the company, essentially unchanged in absolute terms, as the warrants being converted were already attributed to the promoter group.
This is a positive signal of promoter confidence, as Pooja Garg is putting in fresh cash to convert warrants into shares rather than letting them lapse. However, there is no fresh promoter infusion of capital into the company beyond the warrant conversion price already committed, and the promoter group remains well below the 50% threshold for now.