PC Jeweller Completes Warrant Conversion; Promoter Holding Rises to 41.10%

On Monday, shares of PC Jeweller remained in focus after the company announced the conversion of warrants into equity shares, leading to fresh capital infusion and a change in shareholding pattern. As of March 30, 2026, the share price closed at Rs 7.57.

PC Jeweller Converts Warrants Into 20.09 Crore Shares; Promoter Stake Rises

PC Jeweller has raised fresh funds through the conversion of warrants into equity shares, with the warrants originally issued in 2024 through a preferential allotment to select investors, including members of the promoter group.

To understand this, companies often raise money not just through loans but by issuing instruments like warrants. A warrant gives investors the right to buy shares in the future at a fixed price. At the time of issue, investors pay only a small portion of the amount, and the remaining is paid later when they convert these warrants into shares.

In 2024, PC Jeweller issued warrants to select investors, including members of the promoter group, through a preferential allotment. Investors paid 25 per cent upfront, while the remaining 75 per cent was to be paid at the time of conversion.

Now in March 2026, investors have exercised this option. The company received around Rs 84.70 crore as investors paid the remaining amount and converted 2,00,97,056 warrants into 20,09,70,560 equity shares.

One key factor behind the sharp increase in the number of shares is the stock split carried out in December 2024. The face value of shares was reduced from Rs 10 to Rs 1, effectively increasing the number of shares tenfold. As a result, each warrant translated into a higher number of shares, with an effective price of Rs 5.62 per share.

Following this conversion, the company’s total share capital increased from Rs 836.85 crore to Rs 856.95 crore, resulting in fresh equity infusion into the business.

The conversion has also led to a change in the shareholding pattern. Promoter and promoter group holding increased from 39.83 per cent to 41.10 per cent, resulting in stronger control, while public shareholding declined slightly from 60.17 per cent to 58.90 per cent.

Among the allottees, New Track Garments Private Limited, part of the promoter group, received the largest portion of shares. Other investors include Manju Poddar, Vivek Garg HUF, and Madhu Jain. These newly issued shares are pari-passu with existing shares, meaning they carry equal rights in terms of voting, dividends, and ownership.

About PC Jeweller PC Jeweller Converts Warrants 

PC Jeweller Limited is one of India’s leading jewellery retail companies, primarily engaged in the manufacturing, trading, and sale of gold, diamond, and silver jewellery. The company offers a wide range of products, including wedding jewellery, traditional designs, and modern collections, catering to both domestic and international customers.

The company operates through multiple showrooms across India and also has an online presence, allowing customers to purchase jewellery digitally. Its business model includes both retail sales and exports, with a focus on design innovation and product variety.

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Disclaimer: The article is for informational purposes only and not investment advice.