PC Jeweller Allots 1.10 Crore Shares Following Warrant Conversion and Clears Bank Debt

PC Jeweller shares will be in the spotlight after the company allotted over 1.10 crore equity shares through warrant conversion and successfully repaid debt for half of its consortium banks.

Shares of PC Jeweller are set to remain in focus as the jewellery manufacturer announced the successful allotment of over 1.10 crore equity shares following a warrant conversion. Alongside this capital restructuring, the company confirmed major progress in its debt reduction strategy by clearing outstanding dues for half of its lending banks.

Details of the Warrant Conversion and Share Allotment
The board of directors of PC Jeweller approved the issuance of 1,10,50,000 equity shares via a resolution passed by circulation. This allotment was executed upon the conversion of Fully Convertible Warrants, resulting in consequential adjustments to the paid-up equity share capital of the firm.

According to a regulatory filing submitted to the BSE, the 1,10,50,000 equity shares, each carrying a face value of Re 1, have been allotted to Shri Balram Garg. This follows the conversion of 1.1 crore warrants upon the receipt of the remaining balance amounting to Rs 14,91,75,000. The allotment was finalized at a rate of Rs 13.5 per warrant, which represents 75 percent of the issue price per warrant.

Significant Progress in Debt Repayment Goals
As part of its long-term objective to eliminate all liabilities and attain a completely debt-free status, PC Jeweller has cleared the dues of another consortium bank. The company officially stated that it has now successfully repaid the outstanding debt owed to 7 out of the total 14 consortium banks.

Furthermore, the jewellery maker noted that the liabilities for all 7 banks were prepaid and discharged well ahead of their scheduled repayment due dates. This milestone reinforces management's stated objective of accomplishing a debt-free status within the current quarter itself.

PC Jeweller Stock Market Performance and Metrics
On Monday, the stock of PC Jeweller closed 4.1 percent higher at Rs 9.64 per share on the BSE, bringing its market capitalisation to Rs 8,337.25 crore. During the trading session, the scrip touched an intraday high of Rs 9.76 and slipped to an intraday low of Rs 9.25.

Looking at historical performance, the stock touched its 52-week high of Rs 15.95 on August 4, 2025, and hit its 52-week low of Rs 7.45 on March 30, 2026. The company maintains a return on equity of 20.94 percent. While the share price has gained approximately 3.1 percent over the past week, it has experienced a decline of around 35 percent over the span of a year.

What this means for you
Across India: Investors tracking jewellery sector stocks should monitor these capital changes and debt reduction milestones closely.

Questions & Answers

1. How many new shares did PC Jeweller allot?
The company allotted 1,10,50,000 equity shares following the conversion of warrants.

2. How many bank debts has PC Jeweller repaid?
The company has fully repaid the outstanding debt of 7 out of 14 consortium banks.

3. Who received the newly allotted shares?
The equity shares were allotted to Shri Balram Garg.

4. What was the closing price of PC Jeweller stock on Monday?
The stock closed 4.1 percent higher at Rs 9.64 per share on Monday.

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