3,63,62,222 Shares Allotted to Promoter on Final Warrant Conversion; Promoter Stake Rises to 39.10%
PC Jeweller allotted 3,63,62,222 equity shares of ₹1 each to promoter & MD Balram Garg on conversion of the remaining warrants at ₹18 each.
By ScoutQuest · · 1 min read
- Shares allotted
- 3,63,62,222 equity shares of ₹1 each
- Conversion price
- ₹18 per warrant
- Cash received
- ₹49,08,89,997
- Promoter stake change
- 38.88% to 39.10%
- Paid-up capital change
- ₹977,13,94,855 to ₹980,77,57,077
What happened
The Board, by circular resolution on September 24, 2026, allotted 3,63,62,222 equity shares of face value ₹ 1/- each to Shri Balram Garg, Promoter & Managing Director, on conversion of his remaining warrants.
Money received
- Issue price per warrant: ₹ 18 (including a premium of ₹ 17 per share)
- Balance amount received on this conversion: ₹ 49,08,89,997, being 75% of the issue price per warrant
Warrant history
- Total warrants allotted in September 2025 on preferential basis: 9,72,22,222
- Already converted earlier: 6,08,60,000
- Converted now: 3,63,62,222
- Pending for conversion: Nil
Capital change
- Before allotment: ₹ 977,13,94,855 (977,13,94,855 shares of ₹ 1 each)
- After allotment: ₹ 980,77,57,077 (980,77,57,077 shares of ₹ 1 each)
Shareholding shift
- Promoters and Promoter Group: 379,88,75,960 shares (38.88%) to 383,52,38,182 shares (39.10%)
- Public: 597,25,18,895 shares, from 61.12% to 60.90% (share count unchanged)
How to read it
Fresh shares issued to the promoter bring cash into the company and slightly increase the promoter's proportionate stake, while existing public shareholders' percentage share of the company reduces marginally even though their share count is unchanged. The new shares rank pari-passu with existing equity shares. The warrant programme for the promoter is now fully completed.
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More numbers
- Equity shares allotted3,63,62,222
- Face value per share₹ 1/-
- Balance amount received₹ 49,08,89,997/-
- Portion of issue price received75%
- Issue price per warrant18
- Premium per share₹ 17/-
- Total warrants allotted9,72,22,222
- Warrants already converted6,08,60,000
- Paid-up capital before allotment₹ 977,13,94,855/-
- Paid-up capital after allotment₹ 980,77,57,077/-
- Promoter holding pre-issue38.88
- Promoter holding post-issue39.10
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