PC Jeweller Limited has allotted 3,05,50,000 equity shares to its Promoter and Managing Director, Balram Garg, following the conversion of an equal number of Fully Convertible Warrants, the company informed stock exchanges on Wednesday.
In a regulatory filing to the BSE (Scrip Code: 534809) and the NSE (Symbol: PCJEWELLER), the jewellery retailer said its Board of Directors, via a circular resolution passed on July 30, 2026, approved the allotment after receiving the balance payment from Garg. The resolution was cleared at 3:22 PM the same day.
The shares — each carrying a face value of ₹1 — were issued upon conversion of warrants originally allotted to Garg on a preferential, private-placement basis. That original tranche, comprising 9,72,22,222 warrants, was first disclosed by the company in September 2025.
For this latest conversion, Garg paid the remaining 75% of the issue price — ₹13.50 per warrant — bringing in ₹41,24,25,000 to the company. Combined with the 25% paid upfront at the time of the original allotment, each warrant was effectively converted into a share at an issue price of ₹18, including a premium of ₹17 over face value.
Impact on Shareholding Pattern
Before the allotment, promoters and the promoter group held 373,80,15,960 shares, or 38.49% of the company. After the conversion, that holding rose to 376,85,65,960 shares, or 38.69%. Public shareholding stayed unchanged in absolute terms at 597,25,18,895 shares, but slipped slightly in percentage terms to 61.31% from 61.51%, purely because of the dilution effect of the new shares entering the total count. The company’s total outstanding shares rose from 971,05,34,855 to 974,10,84,855 as a result.
Paid-Up Capital
Consequent to the allotment, PC Jeweller’s paid-up equity share capital has increased from ₹9,71,05,34,855 to ₹9,74,10,84,855, comprising 9,74,10,84,855 equity shares of ₹1 face value each.
The newly allotted shares will rank pari-passu with the company’s existing equity shares.
Why It Matters
The disclosure was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Warrant conversions by promoters are typically watched closely by the market as a signal of promoter confidence — this further conversion suggests Garg continues exercising his right to convert warrants from the original 2025 allotment in tranches. A substantial portion of the original 9.72 crore warrant pool granted to him still remains open for future conversion.
The filing was signed by Vishan Deo, Executive Director (Finance) & CFO of PC Jeweller Limited.
Based on a regulatory filing made by PC Jeweller Limited to BSE and NSE on July 30, 2026. For informational purposes; not investment advice.
