PC Jeweller Limited has successfully completed the conversion of 10,61,93,168 warrants into 106,19,31,680 equity shares. This strategic move, finalized on April 10, 2026, follows the receipt of over ₹447.60 crore from 32 allottees. The conversion adjustment reflects the company’s recent share split, significantly expanding the paid-up equity share capital to ₹971.05 crore, further strengthening the company’s financial position and capital base for future growth.
Strategic Capital Expansion
PC Jeweller Limited has announced the successful conversion of 10,61,93,168 Fully Convertible Warrants into 106,19,31,680 fully paid-up equity shares. This allotment, approved by the Board of Directors via a circular resolution on April 10, 2026, signifies a major milestone in the company’s capital restructuring efforts. The conversion price per share stands at ₹5.62, which includes a premium of ₹4.62, following necessary adjustments for the 1:10 share split executed in December 2024.
Financial Impact and Allotment Details
The company received a total of ₹447,60,42,031.20 from 32 allottees, representing 75% of the total issue price per warrant. This influx of capital has directly increased the company’s paid-up equity share capital from ₹864.86 crore to ₹971.05 crore. The newly issued shares are set to rank pari-passu with existing equity, ensuring equal treatment for all shareholders.
Breakdown of Shareholding
Following this conversion, the shareholding structure has shifted to accommodate the new equity. The Promoter and Promoter Group now holds 373,80,15,960 shares, representing 38.49% of the total paid-up capital. Meanwhile, the Public category has increased its holding to 597,25,18,895 shares, accounting for 61.51% of the total base. This expanded capital base positions the company effectively for its upcoming operational and expansion objectives.
Source: BSE
