PC Jeweller announced the allotment of 10,72,37,000 equity shares following the conversion of Fully Convertible Warrants. The allotment completes the preferential issue process initiated earlier. This resulted in an increase in the company’s paid-up equity share capital from 790.95 crore shares to 801.67 crore shares. The conversion was executed at an issue price of ₹5.62 per share, incorporating a premium, after adjusting for the recent 1:10 stock split.
Completion of Warrant Conversion and Allotment
PC Jeweller has finalized a significant corporate action involving the conversion of outstanding Fully Convertible Warrants into equity. The Board of Directors, through a resolution passed on February 24, 2026, approved the allotment of 10,72,37,000 equity shares, each with a face value of ₹1/-. This allotment was made to two allottees categorized under the ‘Non-Promoter, Public Category’ upon receipt of the remaining balance amount totaling ₹45,20,03,955/-.
Impact of Corporate Restructuring
It is crucial to note that this allotment reflects adjustments made following a recent sub-division of the equity shares. The face value was split from ₹10/- per share to ₹1/- per share, effective from December 16, 2024. Consequently, the 1,07,23,700 Warrants converted into 10,72,37,000 shares. The issue price per warrant for this conversion was calculated at ₹5.62, comprising a premium of ₹4.62 per share.
Change in Share Capital Structure
The conversion has led to a direct increase in the company’s paid-up equity share capital. Prior to the allotment, the paid-up capital stood at 790,95,13,455 equity shares. Post-allotment, this figure has increased by 10,72,37,000 shares, settling at a new total of 801,67,50,455 equity shares. The newly issued shares will rank pari-passu with the existing shares of the Company.
Allottee Details Summary
The total number of warrants applied for conversion by the two Public Category allottees reached 1,07,23,700, resulting in the issuance of 10,72,37,000 equity shares. The primary allottee, Unico Global Opportunities Fund Limited, received 10,67,62,000 shares, contributing the majority of the proceeds.
Post-Allotment Shareholding Percentage
Following the issuance, the Promoters and Promoter Group’s holding stabilized at 40.39% (323,81,48,080 shares). The Public shareholding, categorized as Public (B), now accounts for 59.61% of the total issued capital (477,86,02,375 shares).
Source: BSE
