PC Jeweller Ltd : Warrant Conversion / Equity Capital Update

PC Jeweller Ltd. has allotted 3,63,62,222 fully paid-up equity shares to Shri Balram Garg, Promoter & Managing Director, upon conversion of the remaining warrants. The allotment represents the conversion of the remaining 3,63,62,222 warrants from the total 9,72,22,222 warrants originally allotted to the promoter through preferential allotment. The company received ₹49.09 crore as the balance amount, representing 75% of the issue price per warrant, upon conversion. The warrants were issued at an issue price of ₹18 per share, comprising ₹1 face value + ₹17 securities premium. The additional 3.64 crore shares increase the company's total outstanding equity shares from approximately 977.14 crore to 980.78 crore. Warrant Conversion — Status The company has confirmed that the entire 9,72,22,222 warrants allotted to Shri Balram Garg have now been successfully converted. There are no warrants pending for conversion. Market Impact — Factual Interpretation Capital Structure: The conversion increases the company's equity share count by 3,63,62,222 shares, resulting in a corresponding increase in paid-up capital. Promoter Position: The promoter group's disclosed ownership percentage rises from 38.88% to 39.10% following the allotment.