PC Jeweller Allots Rs 325 Cr Worth of Shares To Capital Ventures, Issues Warrants To Promoter

In a board decision on September 18, 2025, PC Jeweller Limited declared that 18,05,55,555 equity shares and 9,72,22,222 fully convertible warrants will be distributed by preferential allotment. The promoter and managing director, Shri Balram Garg, was granted the warrants, which were valued at Rs 18 apiece, in exchange for a 25% upfront payment of Rs 4.50 for each warrant, with the remaining amount to be paid within 18 months.

Each warrant is convertible into one equity share of face value Rs 1, and the holder will be entitled to corporate benefits such as bonus or rights issues until conversion.
In addition, Capital Ventures Private Limited (CVPL), a non-promoter entity, received 18.05 crore equity shares at a price of Rs 18 each, raising Rs 325 crore.

The company's paid-up equity capital rose from Rs 706.81 crore, which included 706.81 crore shares, to Rs 724.86 crore, which comprised 724.86 crore shares, after this allocation. The public shareholding climbed to 62.40%, while the promoter holding remained at 37.60%.

"Each of the Warrant, so allotted, is convertible into 1 equity share having face value of Rs 1/- (Rupee One Only) each, fully paid-up, of the Company on payment of the balance consideration i.e. 75% of the Warrant Issue Price by the Allottee within 18 months from the date of allotment of these Warrants. However, Warrant holders shall be entitled to any corporate action such as issuance of bonus shares, right issue, split or consolidation of shares etc., if any, announced by the Company between the date of Warrants allotment and their conversion into Equity Shares," said PC Jeweller in a stock exchange filing.

The launch of a new franchise shop in Delhi on September 22, 2025, was recently announced by PC Jeweller Limited. The address of the newly opened showroom is Kapil Vihar, Pitampura, Delhi-110034. The company's CFO and Executive Director of Finance, Vishan Deo, signed the formal notification, which was dated September 9, 2025.

Members of the firm authorized the preferential issue of fully convertible warrants to raise up to Rs 2,705.14 crore for the fiscal year 2024-2025 for working capital, bank debt repayment, and other purposes. Investors responded overwhelmingly to the company's preferential offer, with 99.89% of the issue size being subscribed for. Through the issue of warrants and their conversion into equity, the company has already raised Rs 1,174.64 crore as of March 31, 2025.

Additionally, at its July 10, 2025, meeting, the company's Board of Directors authorized additional funding generating up to Rs 499.99 crore through the preferential issue of equity shares and warrants.

In the fiscal year 2024-2025, the company was able to cut its outstanding debts by around half. The banks' outstanding debts, which were valued at over Rs 4,082 crores on March 31, 2024, dropped to about Rs 1,440 crores in FY25 as a result of further repayments made during the current fiscal year 2025-2026.

The remaining debts will be adequately repaid by the funds that the company will receive from the conversion of the current outstanding warrants and from the allocation of proposed equity and warrants. By the end of the fiscal year 2025-2026, the company is confident that it will be debt-free.