News Corporate Actions PC Jeweller Allots 10.72 Crore Equity Shares on Warrant Conversion, Raises ₹45.20 CrorePC Jeweller Allots 10.72 Crore Equity Shares on Warrant Conversion, Raises ₹45.20 Crore
PC Jeweller Limited has allotted 10,72,37,000 equity shares on February 24, 2026, through conversion of 1,07,23,700 fully convertible warrants, raising ₹45,20,03,955 from two non-promoter investors. The major participant was Unico Global Opportunities Fund Limited, converting 1,06,76,200 warrants into 10,67,62,000 shares. This increased the company's paid-up equity capital from ₹790,95,13,455 to ₹801,67,50,455, with public shareholding rising to 59.61% while promoter holdings remained at 40.39%.
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PC Jeweller Limited has completed a significant equity allotment through the conversion of fully convertible warrants, strengthening its capital base with an infusion of ₹45.20 crore from non-promoter investors.
Warrant Conversion Details
On February 24, 2026, the company's Board of Directors approved the allotment of 10,72,37,000 equity shares through the conversion of 1,07,23,700 fully convertible warrants. The conversion was executed by two investors from the non-promoter public category, who exercised their conversion rights after paying the balance amount of ₹45,20,03,955.
| Parameter | Details |
|---|---|
| Total Shares Allotted | 10,72,37,000 |
| Warrants Converted | 1,07,23,700 |
| Conversion Rate | ₹42.15 per warrant |
| Total Amount Raised | ₹45,20,03,955 |
| Face Value per Share | ₹1 |
Investor Breakdown
The conversion involved two key investors, with Unico Global Opportunities Fund Limited being the primary participant:
| Investor | Warrants Converted | Shares Allotted | Amount Paid (₹) |
|---|---|---|---|
| Unico Global Opportunities Fund Limited | 1,06,76,200 | 10,67,62,000 | 45,00,01,830 |
| Maukunti Pujara | 47,500 | 4,75,000 | 20,02,125 |
| Total | 1,07,23,700 | 10,72,37,000 | 45,20,03,955 |
Impact on Share Capital
The warrant conversion has resulted in a substantial increase in PC Jeweller's paid-up equity share capital:
| Particulars | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Equity Share Capital | ₹790,95,13,455 | ₹801,67,50,455 |
| Number of Equity Shares | 790,95,13,455 shares | 801,67,50,455 shares |
| Face Value per Share | ₹1 each | ₹1 each |
Shareholding Pattern Changes
Following the allotment, the company's shareholding structure has been modified, with the public shareholding increasing while promoter holdings remain unchanged:
| Category | Pre-Allotment Shares | Pre-Allotment % | Post-Allotment Shares | Post-Allotment % |
|---|---|---|---|---|
| Promoters and Promoter Group | 323,81,48,080 | 40.94% | 323,81,48,080 | 40.39% |
| Public | 467,13,65,375 | 59.06% | 477,86,02,375 | 59.61% |
| Total | 790,95,13,455 | 100.00% | 801,67,50,455 | 100.00% |
Regulatory Compliance
The allotment was conducted in accordance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The conversion follows the company's earlier preferential allotment of 48,08,02,500 fully convertible warrants announced in September and October 2024. The newly allotted equity shares rank pari-passu with existing equity shares, providing equal rights to the new shareholders.
Historical Stock Returns for PC Jeweller
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.00% | +1.41% | -5.80% | -26.28% | -14.30% | +233.44% |
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