Jewellery Stock Allots Over 3 Crore Shares To Promoter Group After Strong FY25 Performance; Do You Own?

PC Jeweller Ltd has disclosed the allotment of 3,08,42,400 equity shares of face value Re 1 each to a promoter group member after converting 30,84,240 warrants. This conversion comes subsequent to the company's equity shares splitting from Rs 10 each to Rs 1 each, w.e.f. December 16, 2024.

"We would like to further inform that the Board of Directors of the Company vide a resolution passed by Circulation on May 29, 2025 has allotted 3,08,42,400 (Three Crore Eight Lakh Forty Two Thousand Four Hundred) equity shares of face value of Rs 1/- (Rupee One Only) each, on conversion of 30,84,240 (Thirty Lakh Eighty Four Thousand Two Hundred Forty) Warrants, to 1 Allottee belonging to 'Promoter Group', after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the Company from 1 equity share of Rs 10/- each to 10 equity shares of Rs 1/- each w.e.f. December 16, 2024, upon receipt of the balance amount aggregating to Rs 13,00,00,716 (Rupees Thirteen Crore Seven Hundred Sixteen Only) at the rate of Rs 42.15 (Rupees Forty Two and Paise Fifteen Only) per Warrant (being 75% of the Issue Price per Warrant)," said PC Jeweller in a stock exchange filing.

The news comes as the firm expounds on an astonishing improvement in its financial results for the fiscal year that was completed in March 2025. In Q4FY25, net sales jumped by 1,356 per cent to Rs 69 crores for the company, compared to the previous year's quarter. The firm had a net profit of Rs 95 crores during the quarter, up from a net loss of Rs 122 crores in Q4FY24. PC Jeweller's net sales for the entire financial year FY25 were Rs 2,245 crores from Rs 603 crores in FY24, which is an increase of 272 per cent. The firm reported a net profit of Rs 578 crores, up 192 per cent from a Rs 629 crore loss the year prior. This translates to a year-on-year increase of 192 per cent.

PC Jeweller LTD is an established entity in India's jewellery sector, engaged in the import and export of jewellery made with gold, platinum, diamond and silver. The company provides services under various other brands and has helped design medallions for events such as the World Cup. With a strengthened balance sheet, PC Jewellers is also expected to see boosted market capitalization over the years. This would also be coupled with an increased stake of Rs 8,000 crore from promoters.