PC Jeweller Limited — Important, 17-03-2025: Disclosure of material issue

PC Jeweller has allotted 51,71,14,620 equity shares to a consortium of 14 lenders to settle part of their outstanding debts. The shares were issued at an issue price of ₹ 29.20 per share, resulting in a total debt settlement of approximately ₹ 1,509.97 crore. This allotment followed prior approval from shareholders and regulatory authorities. As a result, the company's paid-up equity share capital has increased to ₹ 635.52 crore from ₹ 583.81 crore.

The equity share allotment effectively addresses a significant portion of the company's debt obligations, enhancing its financial flexibility and potentially improving its credit profile. Investors should observe how this development impacts the company’s operational stability and future growth trajectory.