Clarification21 Oct 2026, 06:50 pm
PC Jeweller Confirms No Deviation in Preferential Issue Fund Utilization
AI Summary
PC Jeweller Limited has confirmed that there has been no deviation or variation in the utilization of proceeds from its preferential issues of fully convertible warrants and equity shares. The company stated that the entire proceeds raised from these issues have been fully utilized during the quarter ended September 30, 2026. This includes the conversion of 9,72,22,222 fully convertible warrants into equity shares, with the balance 75% consideration received. The statement, reviewed by the Audit Committee, complies with SEBI LODR Regulations.
Key Highlights
- No deviation in utilization of preferential issue proceeds confirmed.
- Full utilization of funds raised during the quarter ended Sep 30, 2026.
- Conversion of 9,72,22,222 warrants into equity shares completed.
- Statement duly reviewed by the Audit Committee.
- Compliance with SEBI LODR Regulations confirmed.
Price Impact
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