This jewelry company raises Rs 32.92 crore by issuing equity shares in exchange for warrants – Details
Shares of PC Jeweller Ltd, a jewelry company with prices under ₹20, fell nearly 1 percent today. The stock was trading at ₹12, down 0.74%, or ₹0.09, on the BSE today. On the National Stock Exchange (NSE), the stock fell 0.58%, or ₹0.07, to ₹12. The company, in its exchange filing on Saturday, October 18, stated that its Board of Directors on October 18, allotted 7,81,14,890 (7.81 crore) equity shares with a face value of Rs 1 each by converting 78,11,489 (78 lakh) warrants.
These 7.81 crore equity shares have been allotted to eight individuals from the non-promoter public category, namely Prakash Mehta, TruQuest Solutions LLP, Parveen Kumar Jain, Shashi Sharma, Tushar Gopalkrishna Agarwal, Krishna Murari, Forum Harsh Shah, and Arpan Modani.
The company has raised ₹32,92,54,261.35 (32.9 crore) by issuing 7.81 crore equity shares at a price of ₹42.15 per warrant.
Earlier, the company said its revenue grew about 63 per cent year-on-year in the second quarter of this fiscal on better demand for gold jewellery during the festive season.
Delhi-based PC Jeweller, which has 52 showrooms, of which 49 are company-owned, further reduced its debt by 23 per cent during the latest September quarter.
In a regulatory filing, Delhi-based PC Jeweller shared operational update for the July-September quarter of the 2025-26 fiscal.
The company informed that it has posted a strong performance in the July-September period, driven by strong consumer demand during the ongoing festive season.
The company achieved “standalone revenue growth of approximately 63 per cent compared to the corresponding quarter of the previous financial year”, it added.
During the quarter, the company expanded its retail presence by opening a franchise-owned showroom in Pitampura, Delhi.
To expand business, the company has adopted a strategy of balanced growth through a mix of company-owned and franchise showrooms.
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