PC Jeweller has allotted over 10.72 crore equity shares after conversion of fully convertible warrants. The move increases paid-up capital and strengthens the company’s balance sheet.
Author: Aditya Pareek | EQMint
PC Jeweller Announces Major Share Allotment
Jewellery retailer PC Jeweller Limited has announced a significant capital market development after the conversion of fully convertible warrants into equity shares.
According to the company’s stock exchange filing dated 24 February 2026, the board approved the allotment of 10,72,37,000 equity shares following the conversion of warrants held by investors.
This development is a major update in PC Jeweller share news and marks a key milestone in the company’s ongoing capital restructuring.
Details of the Warrant Conversion
The filing states that the company allotted shares after receiving the balance payment of ₹45.20 crore from investors exercising their conversion rights.
Key highlights:
- Warrants converted: 1,07,23,700
- Equity shares allotted: 10,72,37,000
- Amount received: ₹45,20,03,955
- Conversion price: ₹42.15 per warrant (75% balance payment)
The newly allotted shares will rank pari-passu with existing shares.
This marks a significant event in PC Jeweller warrant conversion history.
Impact on Paid-Up Capital
Following the allotment, the company’s paid-up equity share capital increased:
- Before allotment: ₹790.95 crore
- After allotment: ₹801.67 crore
This increase strengthens the company’s capital base and supports future business initiatives.
Who Received the Shares?
The equity shares were allotted to non-promoter public investors, including:
- Unico Global Opportunities Fund Limited
- Maukunti Pujara 32
This indicates continued participation by public investors in the company’s growth journey.
Understanding Preferential Warrants
Preferential warrants allow investors to:
- Invest capital upfront
- Convert warrants into shares later
- Provide companies with staged funding
The PC Jeweller preferential issue helped the company raise capital gradually while giving investors flexibility.
Why Warrant Conversion Matters
The PC Jeweller share allotment carries multiple implications:
Capital Infusion
The company received over ₹45 crore.
Stronger Balance Sheet
Improves financial stability.
Investor Confidence
Conversion shows long-term commitment.
Public Shareholding Increase
Public holding rose to 59.61%.
Reduced Funding Risk
Staged capital raising reduces debt dependence.
Promoter vs Public Shareholding
Post allotment:
- Promoter holding: 40.39%
- Public holding: 59.61%
This reflects increased participation by public investors.
Face Value Split Adjustment
The conversion followed the company’s earlier share split:
- Face value reduced from ₹10 to ₹1 per share
- Conversion ratio adjusted accordingly
This explains the large number of shares issued.
Investor Perspective
For investors tracking PC Jeweller share news, the key takeaways include:
- Large capital infusion
- Warrant conversion completed
- Strengthened capital structure
- Increased public shareholding
The PC Jeweller capital raise could support future expansion.
Why Companies Use Warrants
Warrants are commonly used for:
- Raising growth capital
- Funding expansion plans
- Strengthening balance sheets
- Improving liquidity
The PC Jeweller warrant conversion aligns with these goals.
Future Outlook
The fresh capital could help the company:
- Strengthen working capital
- Support business expansion
- Improve financial flexibility
- Enhance investor confidence
This makes the PC Jeweller preferential issue strategically important.
Conclusion
The allotment of 10.72 crore equity shares following warrant conversion marks a major milestone for PC Jeweller. The PC Jeweller share allotment strengthens the company’s capital base, increases public shareholding, and reflects continued investor participation.
The PC Jeweller capital raise signals a positive step toward financial stability and future growth.
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Source link: BSE
Disclaimer: This article is not an investment advice and is for educational purpose only
