Description

Listing and trading of 7.81 crore equity shares issued on preferential basis to non-promoters pursuant to warrant conversion, 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 to non-promoters on a preferential basis pursuant to warrant conversion. These shares will commence trading on January 21, 2026, and are subject to lock-in restrictions until July 22, 2026.

Key Points

  • 7,81,14,890 equity shares of Rs. 1/- each issued at premium of Rs. 4.62/-
  • Issue price: Rs. 5.62 per share
  • Allotment date: October 18, 2025
  • Trading commencement: January 21, 2026
  • Shares issued to non-promoters on preferential basis through warrant conversion
  • Distinctive numbers: 7248623706 to 7326738595
  • ISIN: INE785M01021
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard securities listing notification following preferential allotment procedures under SEBI regulations.

Compliance Requirements

  • Trading members must update their systems to reflect the increased share capital
  • All 7.81 crore shares are subject to mandatory lock-in and cannot be traded until July 22, 2026
  • Shares will be available for trading in demat form only under ISIN INE785M01021

Important Dates

  • Allotment Date: October 18, 2025
  • Trading Commencement: January 21, 2026
  • Lock-in Expiry: July 22, 2026

Impact Assessment

Market Impact: Medium - The addition of 7.81 crore shares represents substantial dilution of existing equity. However, immediate market impact is limited due to the lock-in period extending until July 22, 2026, preventing these shares from being traded for approximately six months.

Operational Impact: The preferential allotment to non-promoters at Rs. 5.62 per share indicates capital raising activity. The lock-in period provides stability by preventing immediate sell-off pressure. Trading members should update their records to reflect the expanded share capital and lock-in restrictions.

Impact Justification

Significant equity dilution of 7.81 crore shares representing material expansion of share capital, but limited immediate market impact due to lock-in until July 2026