PC Jeweller Limited has announced a shift in shareholding as New Track Garments Private Limited converted 283,866,880 fully convertible warrants into equity shares. This transaction, completed on March 30, 2026, has resulted in the acquirer increasing its total shareholding in the company to 11.49%. The move follows the payment of the balance 75% of the issue price for the warrants as per standard capital requirements.
Shareholding Realignment
As part of a strategic capital exercise, New Track Garments Private Limited has converted a significant volume of warrants into equity shares of PC Jeweller Limited. The acquisition involved 283,866,880 shares, which were issued via a preferential allotment. This conversion marks a pivotal update in the company’s capital structure and shareholder distribution.
Impact on Equity Structure
Following this allotment, the equity share capital of the company has increased to Rs. 856,955,785/-, comprising shares with a face value of Re. 1/- each. The total diluted share capital of the company now stands at Rs. 1,025,695,637/-. The acquirer, New Track Garments, now holds a 5.83% stake directly, while associated parties bring the cumulative promoter group holding to 11.49%.
Transaction Details
The acquisition was finalized on March 30, 2026, following the fulfillment of payment obligations for the warrants. This transaction reflects the ongoing commitment of the promoter group to the company’s growth trajectory and capital expansion plans. The adjustment accounts for the earlier 10:1 split in the face value of equity shares, which became effective on December 16, 2024.
Source: BSE
