PC Jeweller Limited announced the allotment of 1,18,52,500 equity shares following the conversion of fully convertible warrants. This issuance, valued at an issue price of ₹18 per share, increases the company’s paid-up equity share capital. The newly allotted shares rank pari-passu with existing shares, and the total equity share capital now stands at ₹977,13,94,855.
PC Jeweller Allots Shares Post Warrant Conversion
PC Jeweller Limited has announced the allotment of 1,18,52,500 equity shares, each with a face value of ₹1. This significant issuance follows the conversion of fully convertible warrants into equity shares. The decision was made by the company’s Board of Directors via a resolution passed by circulation on September 23, 2026.
Details of the Allotment
The warrants were originally issued on September 18, 2025, to Shri Balram Garg, Promoter & Managing Director. The conversion into equity shares occurred upon receipt of the balance payment, aggregating to ₹16,00,08,750. The issue price for each share resulting from the warrant conversion is ₹18, which includes a premium of ₹17 per share.
Impact on Paid-Up Share Capital
Consequent to this allotment, the paid-up equity share capital of PC Jeweller Limited has been revised. Before the allotment, the paid-up equity share capital was ₹975,95,42,355, comprising 975,95,42,355 equity shares of ₹1 each. After the allotment of 1,18,52,500 new shares, the total paid-up equity share capital has increased to ₹977,13,94,855, comprising 977,13,94,855 equity shares of ₹1 each. The newly allotted equity shares will rank pari-passu with the company’s existing equity shares.
Source: BSE
