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
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Awaiting price reaction for this filing.
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.