Description

136,124,000 equity shares of PC JEWELLER LIMITED listed on BSE from December 4, 2025, issued on preferential basis pursuant to warrant conversion.

Summary

PC JEWELLER LIMITED (Scrip Code: 534809) has listed 136,124,000 new equity shares on BSE effective December 4, 2025. These shares were issued to Non-Promoters on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 5.62 per share (face value Rs. 1 plus premium of Rs. 4.62). The new shares rank pari-passu with existing equity shares and are subject to a lock-in period until June 5, 2026.

Key Points

  • 136,124,000 equity shares of Rs. 1/- each listed and permitted to trade
  • Issued to Non-Promoters on preferential basis through warrant conversion
  • Issue price: Rs. 5.62 per share (Rs. 1 face value + Rs. 4.62 premium)
  • Distinctive Numbers: 6931944151 to 7068068150
  • Date of Allotment: September 9, 2025
  • ISIN: INE785M01021
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferentially allotted securities.

Compliance Requirements

  • Trading members are informed about the new securities available for trading
  • All 136,124,000 shares are subject to lock-in restrictions
  • Lock-in period compliance must be observed by holders

Important Dates

  • Notice Date: December 3, 2025
  • Allotment Date: September 9, 2025
  • Trading Commencement: December 4, 2025
  • Lock-in Expiry: June 5, 2026

Impact Assessment

Market Impact: Medium - The addition of 136.12 million shares represents significant equity dilution. The lock-in period until June 5, 2026 prevents immediate selling pressure from these shares.

Shareholder Impact: The preferential allotment to Non-Promoters dilutes existing shareholders’ holdings. However, shares ranking pari-passu ensures equal rights for all shareholders.

Liquidity Impact: Trading liquidity may improve post lock-in expiry, though immediate impact is limited due to trading restrictions on the newly issued shares.

Impact Justification

Significant equity dilution with 136.12 million new shares but routine preferential allotment process with lock-in period indicating stability.