PC Jeweller Limited — Important, 29-11-2024: Disclosure of material issue

PC Jeweller has successfully completed the allotment of 39,87,900 equity shares from the conversion of Fully Convertible Warrants. These shares were allotted at a total consideration of ₹ 16,80,89,985 (₹ 16.81 crore), reflecting an effective conversion price of ₹ 42.15 per warrant. As a result, the company's paid-up equity share capital has increased from ₹ 536.10 crore to ₹ 540.09 crore, with the total number of equity shares rising to 54,00,87,768. This strategic move indicates a strengthening of the company's equity base, providing potential funding for future growth initiatives. Stakeholders should watch closely for how this increase in capital will be leveraged in the company’s operational strategies moving forward.