PC Jeweller Limited — Important, 19-12-2024: Disclosure of material issue

PC Jeweller has allotted 43,729,180 equity shares following the conversion of 43,729,180 Fully Convertible Warrants. This conversion, resulting in a total paid-up share capital increase from ₹ 540.09 crore to ₹ 583.82 crore, occurred after the public category allottees paid ₹ 1,843.18 crore at an issue price of ₹ 42.15 per warrant. This translates to a 75% payment of the expected issue price. The share split from ₹ 10 to ₹ 1, effective from December 16, 2024, has adjusted the face value and number of shares. The former equity structure showed promoters and promoter group holding 47.04%, which now stands at 43.52%, while public holdings have increased from 52.96% to 56.48%. This move augments the liquidity and shareholding distribution among public investors, suggesting a positive outlook for market participation.