Description

PC Jeweller Limited lists 7,81,14,890 equity shares issued on preferential basis pursuant to warrant conversion at Rs. 5.62 per share, effective January 21, 2026.

Summary

BSE has approved the listing of 7,81,14,890 new equity shares of PC Jeweller Limited (Scrip Code: 534809) issued on a preferential basis to non-promoters pursuant to warrant conversion. The shares will commence trading on January 21, 2026, and are subject to a lock-in period until July 22, 2026.

Key Points

  • Number of Shares: 7,81,14,890 equity shares of Rs. 1/- each
  • Issue Price: Rs. 5.62/- per share (Rs. 1/- face value + Rs. 4.62/- premium)
  • Allottees: Non-promoters on preferential basis
  • Nature: Conversion of warrants
  • Trading Start Date: January 21, 2026
  • Distinctive Numbers: 7248623706 to 7326738595
  • ISIN: INE785M01021
  • Ranking: Pari-passu with existing equity shares
  • Lock-in Period: Until July 22, 2026 (entire allotment locked)

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities issued pursuant to warrant conversion under SEBI (Issue of Capital and Disclosure Requirements) Regulations.

Compliance Requirements

  • Trading members must note the new securities are available for trading from January 21, 2026
  • All 7,81,14,890 shares are subject to lock-in restrictions and cannot be transferred until July 22, 2026
  • The shares carry the same rights and obligations as existing equity shares

Important Dates

  • Allotment Date: October 18, 2025
  • Trading Commencement: January 21, 2026 (Wednesday)
  • Lock-in Expiry: July 22, 2026
  • Notice Date: January 20, 2026

Impact Assessment

Market Impact: The listing of ~78 million new equity shares represents significant equity dilution for PC Jeweller Limited. The preferential issue to non-promoters will alter the shareholding pattern and increase the company’s equity base.

Liquidity Impact: While the shares commence trading on January 21, 2026, the entire allotment remains locked until July 22, 2026, limiting immediate liquidity impact. Post lock-in expiry, substantial additional float will enter the market.

Investor Impact: Existing shareholders should note the dilution effect. The issue price of Rs. 5.62 per share provides a reference point for valuation. The warrant conversion indicates non-promoter investor confidence in the company’s prospects.

Impact Justification

Significant equity dilution of ~78 million shares for PC Jeweller through warrant conversion, with 6-month lock-in period ending July 2026. Material impact on stock's float and shareholding pattern.