Description

PC Jeweller Limited has listed 97.85 lakh equity shares issued at Rs. 5.62 per share on preferential basis pursuant to conversion of warrants, effective December 1, 2025.

Summary

BSE has announced the listing and trading of 97,84,800 new equity shares of PC Jeweller Limited (Scrip Code: 534809) with effect from Monday, December 1, 2025. These shares were issued to non-promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 5.62 per share (face value Re. 1 plus premium of Rs. 4.62). The shares are subject to lock-in until May 31, 2026.

Key Points

  • 97,84,800 equity shares of Re. 1/- each listed and admitted to trading
  • Issue price: Rs. 5.62 per share (Re. 1 face value + Rs. 4.62 premium)
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: August 13, 2025
  • Trading commencement: December 1, 2025
  • Distinctive Numbers: 6922159351 to 6931944150
  • ISIN: INE785M01021
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • Lock-in restrictions apply to all 97,84,800 shares until May 31, 2026
  • Standard compliance with listing agreement and SEBI regulations for preferential allotment

Important Dates

  • Date of Allotment: August 13, 2025
  • Trading Commencement Date: December 1, 2025
  • Lock-in Period Expires: May 31, 2026

Impact Assessment

Market Impact: Low - The listing represents approximately 9.78 million shares, which is a standard preferential allotment. The shares being locked-in until May 31, 2026 means they will not be available for immediate trading, minimizing short-term market impact.

Company Impact: The warrant conversion provides capital to PC Jeweller Limited and represents equity dilution for existing shareholders. The allotment to non-promoters may marginally reduce promoter holding percentage.

Investor Impact: Existing shareholders should note the dilution effect. The lock-in period provides stability as these shares cannot be sold until mid-2026.

Impact Justification

Routine listing of equity shares from warrant conversion on preferential basis to non-promoters with standard lock-in period