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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
PC Jeweller's promoter group entity New Track Garments Private Limited has converted 1,18,62,400 fully convertible warrants into equity shares via preferential allotment on 02-Feb-2026, paying the balance 75% of the issue price. As a result, New Track Garments' direct shareholding rose from 1.32% (9.75 crore shares) to 2.73% (21.6 crore shares) of the paid-up capital. Including convertible warrants still pending, the entity's total economic exposure stands at 8.86% post-conversion. PAC Krishna Devi's holding remained unchanged at 6.13%. The company's equity share capital expanded from Rs.739.7 crore to Rs.791 crore on account of this allotment.
This is a non-cash promoter strengthening — the promoter group is converting existing warrants into shares rather than buying from the market, which signals continued promoter confidence but does dilute existing shareholders by ~6.9%. No immediate price impact expected since no open-market buying or selling is involved.