Corporate Action23 Sept 2026, 05:30 pm
PC Jeweller Allots 1.18 Cr Shares on Warrant Conversion
AI Summary
PC Jeweller Limited has allotted 1,18,52,500 equity shares to Promoter & Managing Director, Shri Balram Garg, upon conversion of warrants. This conversion follows the receipt of the balance payment of ₹16,00,08,750/-. The allotment increases the company's paid-up equity share capital to ₹977,13,94,855/- comprising 977,13,94,855 equity shares. The newly allotted shares will rank pari-passu with existing equity shares. This action is a consequence of the preferential allotment of warrants made earlier.
Key Highlights
- 1.18 Cr equity shares allotted to Promoter & MD upon warrant conversion.
- Company received ₹16 Cr as balance payment for warrant conversion.
- Paid-up share capital increased to ₹977.14 Cr.
- New shares rank pari-passu with existing equity shares.
- Transaction follows earlier preferential allotment of warrants.
Price Impact
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