
Corporate Governance10 Aug 2026, 06:40 pm
PC Jeweller: No Deviation in Preferential Issue Proceeds Utilization
AI Summary
PC Jeweller Ltd has confirmed no deviation or variation in the utilization of proceeds from its preferential issues of Fully Convertible Warrants and Equity Shares. The company reported that during the quarter ended June 30, 2026, the conversion of warrants allotted under a preferential issue was completed. Out of 48,08,02,500 warrants allotted, 43,58,82,572 were converted into equity shares, while the remaining lapsed. The total proceeds of ₹447.60 crore received from this issue were fully utilized. The statement, reviewed by the Audit Committee, complies with SEBI LODR Regulations.
Key Highlights
- No deviation in utilization of preferential issue proceeds confirmed.
- Warrant conversion completed; remaining warrants lapsed.
- Total proceeds of ₹447.60 crore fully utilized.
- Audit Committee reviewed and approved the statement.
- Compliance with SEBI LODR Regulations maintained.
Price Impact
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