PC Jeweller Limited has announced the completion of its preferential issue of fully convertible warrants and equity shares. The company confirmed that the entire proceeds from this issuance have been fully utilized as of September 30, 2026. This marks the final report from the monitoring agency, CARE Ratings Limited, as all funds raised have been allocated towards the intended objects, including debt repayment and issue expenses.
PC Jeweller Reports Full Utilization of Preferential Issue Proceeds
PC Jeweller Limited has officially confirmed the complete utilization of funds raised through its preferential issue of fully convertible warrants and equity shares. The company’s announcement, dated November 13, 2026, states that all proceeds from the issue have been fully utilized as of the quarter ended September 30, 2026.
Final Monitoring Agency Report Issued
Following the complete deployment of funds, CARE Ratings Limited, the appointed monitoring agency, has issued its final report. This report signifies the conclusion of the monitoring agency’s oversight for this specific preferential issue. The utilization aligns with the objects detailed in the offer document and approved by shareholders on August 10, 2025.
Fund Allocation Details
The preferential issue, which aimed to raise approximately ₹500 crore, was intended for various purposes including the repayment of banker’s outstanding debts, working capital requirements, and issue-related expenses. The monitoring agency report confirms that the funds were allocated according to the plan. Specifically, ₹434.27 crore was designated for debt repayment, ₹65.33 crore for working capital, and ₹0.40 crore for issue expenses.
Progress and Utilization Overview
During the second quarter of Fiscal Year 2027 (Q2FY27), the company received ₹131.25 crore from the conversion of warrants. These funds, along with previously raised amounts, were utilized for debt repayment and issue expenses, bringing the total utilization to ₹500.00 crore by September 30, 2026. The report highlights that the working capital requirement saw no further utilization in Q2FY27, with the allocated funds already utilized. Similarly, issue-related expenses also saw no additional utilization in the quarter, with the initial amount already accounted for.
Source: BSE
