PC Jeweller Limited Allots 34.68 Crore Equity Shares on Conversion of Fully Convertible Warrants
PC Jeweller Limited has announced the allotment of 34,67,82,850 equity shares to 12 allottees belonging to the 'Promoter Group' and non-promoter, public category. The shares were allotted on conversion of 3,46,78,285 fully convertible warrants (FCWs), with each warrant being converted at a rate of ₹42.15. The total amount received from the conversion was ₹146,16,89,712.75.
Key Takeaways:
- The company's board of directors passed a resolution to allot the shares on July 25, 2025, through a circulation.
- The allotment is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
- The newly allotted equity shares rank pari-passu with the existing equity shares of the company.
- The company has subdivided its face value of equity shares from ₹10 to ₹1, with the split effective from December 16, 2024.
- The allotment details, as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are enclosed as Annexure-1.
Statistics:
- Total equity shares allotted: 34,67,82,850
- Number of warrants converted: 3,46,78,285
- Conversion rate: ₹42.15 per warrant
- Total amount received from conversion: ₹146,16,89,712.75
- Date of resolution approval: July 25, 2025
- Date of subdivision/split: December 16, 2024
Sources:
- National Stock Exchange of India (NSE) corporate announcement dated July 25, 2025
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024