Overview

• The board approved issuing up to 9.72 crore fully convertible warrants to promoter Balram Garg for ₹175 crore and 18.05 crore equity shares to Capital Ventures Pvt Ltd for ₹325 crore at ₹18 each.
• The move raised the authorised share capital ceiling from ₹1,260 crore to ₹1,310 crore by creating an additional 50 crore equity shares.
• Proceeds are earmarked for prepaying bank borrowings to help PC Jeweller meet its debt-free goal by the end of FY26.
• PC Jeweller posted an 80% revenue jump in the April-June quarter driven by strong wedding and festival season demand.
• The preferential allotment is pending shareholder approval via postal ballot and SEBI clearance as the stock remains under short-term Additional Surveillance Measures trading at around ₹17–₹19.