PC JEWELLER LTD.

PC Jeweller Ltd. confirms no deviation or variation in the utilization of proceeds from preferential issues for the quarter ended March 31, 2026. This pertains to fully convertible warrants and equity shares as stated in previous notices and postal ballot notices. The audit committee has reviewed the statement of deviation or variation, ensuring compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

PC Jeweller Ltd announced its standalone financial results for the quarter and year ended March 31, 2026. The company reported a 33% year-on-year increase in standalone domestic revenue and a 59% increase in PBT for Q4FY26. For FY26, revenue increased by approximately 49% year-on-year, and PBT increased by approximately 58% year-on-year. The company's PAT rose to ₹150 crores in Q4FY26, a 58% increase. The company successfully completed a preferential issue of fully convertible warrants amounting to ₹2,702.11 crores and reduced its outstanding debt by more than 90%.

PC Jeweller Ltd's Board re-appointed Balram Garg as Managing Director for 5 years, effective July 1, 2026, subject to member approval. The company reported strong FY26 results with revenue increasing by approximately 49% year-on-year to ₹3,351 crores and PBT increasing by approximately 58% year-on-year to ₹708 crores. Q4FY26 standalone domestic revenue increased by approximately 33% year-on-year and PBT increased by approximately 59% year-on-year. The company has reduced its outstanding debt by more than 90% since September 2024 and successfully completed a preferential issue of warrants amounting to ₹2,702.11 crores.

PC Jeweller Ltd's Board approved the audited financial results for the quarter and year ended March 31, 2026. The company reported a 49% increase in revenue and a 58% increase in PBT for FY26. Standalone domestic revenue for Q4FY26 increased by approximately 33% year-on-year, and PBT increased by approximately 59% year-on-year. The company also successfully completed a preferential issue of warrants amounting to ₹2,702.11 crores and reduced its outstanding debt by more than 90%. Shri Bairam Garg was re-appointed as Managing Director.

PC Jeweller Ltd has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window remains closed until May 29, 2026, for designated persons.

PC Jeweller Ltd has released Monitoring Agency Reports by CARE Ratings Limited for the quarter ended March 31, 2026, concerning preferential issues of fully convertible warrants and equity shares approved in August 2024 and August 2025. The report indicates no deviation from the objects of the issue, based on information provided by the issuer and sources believed to be accurate.

PC Jeweller Ltd's step-down subsidiary, PCJ Mining SARL, incorporated in the Republic of Chad for precious metal extraction, has been granted a license for semi-mechanized artisanal gold mining. The Ministry of Petroleum, Mining and Oil Geology, Republic of Chad, issued the license for a period of one year, with provisions for renewal. This development offers the PC Jeweller Group an opportunity to explore mining operations and potentially establish vertical integration prospects within its business.

PC Jeweller Ltd has announced a further reduction in its outstanding bank debt by approximately 10%. This latest repayment brings the total debt discharged and repaid to more than 90% of its outstanding bank debt since the initial settlement agreement. The company is reaffirming its commitment and swift progress towards its financial goal of achieving a debt-free status in the near future.

Pooja Garg, a promoter of PC Jeweller Ltd, increased her direct shareholding in the company through the conversion of Fully Convertible Warrants into equity shares. Her stake in shares carrying voting rights rose from 1.62% to 3.67%. The acquisition involved the payment of the balance 75% of the issue price as per SEBI regulations. While Pooja Garg's individual holding increased, the overall promoter and Persons Acting in Concert (PAC) group holding, including Balram Garg and Balram Garg (HUF), remained stable at 29.30% of the total voting capital. The company's total diluted share capital increased from ₹9710534855 to ₹9807757077 post-conversion. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

PC Jeweller Ltd has successfully completed the conversion of 43,58,82,572 Fully Convertible Warrants into equity shares for 111 allottees, including Promoter Group entities. These warrants were part of a total of 48,08,02,500 warrants allotted via preferential placement. The conversion occurred upon receipt of the balance amount of ₹42.15 per warrant. Consequently, 4,49,19,928 warrants lapsed, and their upfront amount was forfeited. The company raised a total of ₹2,512.77 crore, representing 93% of the total allotted warrants. A Promoter Group entity, New Track Garments, consciously allowed 3 crore warrants to lapse to avoid triggering open offer obligations.