PC JEWELLER LTD.

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.

PC Jeweller Ltd reported a robust operational performance for Q1FY27, with consolidated revenues increasing by 21% year-on-year to ₹877 crores. Gross Profit saw an 81% jump to ₹260 crores, Operating EBITDA rose 90% to ₹242 crores, and Operating PBT increased by 176% to ₹223 crores. Consolidated Operating PAT grew by 168% to ₹213 crores. The company has made significant progress in deleveraging, repaying debt to 7 out of 14 consortium banks and discharging over 96% of the debt for the remaining banks, aiming for a debt-free status this quarter. A preferential issue of warrants raised ₹2,702.11 crores, with 93% proceeds realized. The company also approved raising up to ₹1,000 crore via QIP in July 2026. A step-down subsidiary secured a gold mining license in Chad, and MoUs were signed for franchisee showrooms.

PC Jeweller Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported robust operational performance in Q1 FY27, with consolidated revenues increasing by approximately 21% year-on-year to ₹877 crores. The company has made significant progress in its deleveraging journey, repaying debt to consortium banks ahead of schedule and aiming for a debt-free status in the ongoing quarter. A preferential issue of convertible warrants worth ₹2,702.11 crores was successfully completed, with further promoter conversion of warrants into equity shares. Additionally, the Board approved raising up to ₹1,000 crore via QIP to support future growth.

PC Jeweller Ltd has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Balram Garg and Persons Acting in Concert (PACs). The disclosure details an acquisition of 4,16,00,000 equity shares, representing 0.43% of the total share capital, through preferential allotment via conversion of fully convertible warrants. This transaction occurred on July 31, 2026, and August 4, 2026. Following the acquisition, Balram Garg's direct shareholding increased, and his total diluted shareholding, including PACs, stands at 28.62% of the total equity share capital.

PC Jeweller Ltd has announced the successful clearance and repayment of all outstanding debt to two additional banks, as per the Settlement Agreement dated 30 September 2024. This brings the total number of consortium banks whose debts have been fully repaid to seven out of fourteen. The company reiterates its objective of achieving a debt-free status within the current quarter, with these repayments being made ahead of their scheduled due dates. This move signifies a significant step towards financial restructuring and strengthening the company's balance sheet.

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.

PC Jeweller Ltd has announced that its Board of Directors will convene on August 10, 2026. The primary agenda for this meeting is to consider and approve the un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. Additionally, the company confirmed that the trading window for its designated persons will remain closed until August 12, 2026, continuing from the earlier notice regarding trading window closure.

PC Jeweller Ltd has announced significant progress in its debt reduction efforts. Following earlier repayments to five out of fourteen consortium banks, the company has now processed repayment of a substantial portion of its remaining outstanding debt. This brings the total debt repayment to over 96% of the total outstanding debt. The company aims to achieve a debt-free status within the current quarter by clearing the remaining less than 4% of its obligations.

PC Jeweller Ltd has allotted 3,05,50,000 equity shares to Promoter & Managing Director, Shri Balram Garg, upon conversion of an equal number of Fully Convertible Warrants. This conversion follows the receipt of the balance amount of ₹41,24,25,000, representing 75% of the issue price per warrant. The allotment increases the company's paid-up equity share capital from ₹9,71,05,34,855 to ₹9,74,10,84,855. The newly allotted shares will rank pari-passu with existing equity shares. This action is in accordance with SEBI regulations.

PC Jeweller Ltd has announced the successful clearance and repayment of all outstanding debt to one additional bank, as per the terms of a Settlement Agreement dated 30 September 2024. This marks the repayment of debt to 5 out of the 14 consortium banks. The company reiterates its objective of achieving a debt-free status within the current quarter. All repayments for these 5 banks were completed ahead of their scheduled due dates. This move is a significant step towards the company's financial restructuring and deleveraging goals.