PC Jeweller allots 1.1 Cr shares to Promoter via warrant conversion

PC Jeweller Ltd has allotted 1,10,50,000 equity shares to Shri Balram Garg, Promoter & Managing Director, upon conversion of an equal number of Fully Convertible Warrants. The company received the balance amount of ₹14,91,75,000 at ₹13.50 per warrant, representing 75% of the issue price. The total issue price per warrant was ₹18. This allotment has increased the company's paid-up equity share capital from ₹974,10,84,855 to ₹975,21,34,855. Consequently, the promoter's shareholding percentage has slightly increased from 38.69% to 38.76%. The newly allotted shares rank pari-passu with existing equity shares.