PC Jeweller Limited has successfully completed the allotment of 51,24,68,600 equity shares following the conversion of fully convertible warrants by promoter group entities. The Board of Directors approved the conversion through a circular resolution on January 31, 2026, marking a significant capital restructuring exercise for the jewelry retailer.

Warrant Conversion Details

The company allotted equity shares upon conversion of 5,12,46,860 warrants to three promoter group allottees. The conversion was executed at ₹42.15 per warrant, representing 75% of the issue price, after adjusting for the recent share subdivision from ₹10 to ₹1 face value implemented on December 16, 2024.

Capital Structure Impact

The warrant conversion has resulted in substantial changes to PC Jeweller's capital structure. The paid-up equity share capital increased from ₹739,70,44,855 to ₹790,95,13,455, representing an addition of ₹51,24,68,600 through the newly allotted shares.

Shareholding Pattern Changes

The conversion has altered the company's shareholding structure, with promoter and promoter group holding increasing significantly. The promoter group's stake rose from 36.85% to 40.94%, while public shareholding decreased correspondingly from 63.15% to 59.06%.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly allotted equity shares rank pari-passu with existing equity shares of the company. The conversion follows the company's earlier intimations dated September 30, 2024, and October 11, 2024, regarding the initial allotment of 48,08,02,500 fully convertible warrants through preferential allotment on a private placement basis.

PC Jeweller Limited has filed its quarterly statement confirming no deviation or variation in the utilization of issue proceeds for the quarter ended December 31, 2025. The company submitted this compliance report to BSE Limited and National Stock Exchange of India Limited under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

During the quarter ended December 31, 2025, PC Jeweller raised funds through preferential issues on two separate dates. The company's fund raising activities were conducted under previously approved shareholder resolutions and monitored by CARE Ratings Limited.

Warrant Conversion and Equity Allotment

The fund raising occurred through conversion of Fully Convertible Warrants into equity shares. During the quarter, PC Jeweller allotted 7,98,71,150 equity shares in two tranches upon warrant conversion. The first tranche of 7,81,14,890 shares was allotted on October 18, 2025, followed by 17,56,260 shares on November 15, 2025. These numbers represent adjusted figures following the subdivision of face value from ₹10 per share to ₹1 per share.

Fund Utilization Breakdown

The proceeds from both preferential issues were allocated across multiple corporate objectives as originally planned by the company's management and approved by shareholders.

October 18 & November 15, 2025 Issue (₹32.93 + ₹0.74 crores)

September 18, 2025 Issue

Quarterly Fund Movement

During the quarter ended December 31, 2025, PC Jeweller utilized ₹34.58 crores from the October-November preferential issue, including ₹1.05 crores that remained unutilized from the previous quarter. At the quarter end, ₹0.14 crores remained unutilized in the monitoring account. For the September 2025 issue, the company utilized ₹55.51 crores from ₹55.52 crores available at the beginning of the quarter, leaving ₹0.01 crores unutilized.

Regulatory Compliance

The statement was duly reviewed by the company's Audit Committee, with both the Audit Committee and auditors providing no adverse comments. The fund utilization remains within the tentative timelines approved by shareholders, with various objects having completion deadlines extending from February 2026 to March 2027. PC Jeweller's Executive Director (Finance) & CFO Vishan Deo signed the compliance statement, confirming adherence to all regulatory requirements under SEBI LODR Regulations.