PC Jeweller Limited has successfully allotted 35,18,36,870 equity shares following the conversion of Fully Convertible Warrants by 7 allottees from the Promoter and Public Categories. This allotment follows the receipt of the balance subscription amount aggregating to ₹148.29 crore. This issuance increases the company’s total paid-up equity share capital, with the new shares ranking pari-passu with existing shares.
Completion of Warrant Conversion Process
PC Jeweller Limited announced on March 23, 2026, the allotment of 35,18,36,870 equity shares of face value ₹1/- each. This allotment resulted from the conversion of 3,51,83,687 Fully Convertible Warrants previously issued via preferential allotment. The conversion was executed by 7 allottees belonging to both the ‘Promoter Group’ and ‘Non-Promoter, Public Category’.
Financial Details of Conversion
The allotment followed the receipt of the balance amount aggregating to ₹148,29,92,407.05. This amount represents 75% of the Issue Price per Warrant, calculated at ₹42.15 per Warrant. This action is in compliance with the terms set during the initial warrant issuance.
Impact on Share Capital Structure
The issuance has led to a material change in the paid-up equity share capital, reflecting the post-sub-division status (where the face value moved from ₹10/- to ₹1/- per share):
- Before Allotment: Paid-up capital stood at ₹801,67,50,455 (comprising 801,67,50,455 equity shares).
- After Allotment: The total paid-up capital increased to ₹836,85,87,325 (comprising 836,85,87,325 equity shares).
Post-allotment, the total equity capital (A+B) comprises 836,85,87,325 shares. The Promoter and Promoter Group’s shareholding stands at 39.83%, while the public shareholding is 60.17%.
Allottee Breakdown Summary
The majority of the warrants applied for conversion came from the Non-Promoter, Public Category, which accounted for converting 25,69,36,870 shares, resulting in an inflow of ₹115.77 crore (being 75% of the subscription price). The Promoter Group converted warrants for 9,49,00,000 shares, contributing ₹40.00 crore to the inflow.
Source: BSE
