Daijiworld Media Network - New Delhi
New Delhi, Aug 4: Shares of PC Jeweller are expected to remain in focus after the company announced further progress in reducing its debt and approved the allotment of equity shares to a promoter following the conversion of warrants.
In a regulatory filing, the Delhi-based jewellery retailer said it has fully repaid the outstanding loans of two more consortium banks. With this, the company has now completely settled its dues with seven of the 14 banks that were part of its lending consortium.
"The outstanding debts of all the seven banks have been prepaid and discharged well before the scheduled due date of their repayment," the company said in its exchange filing.
The board of directors also approved the allotment of 1.105 crore equity shares with a face value of Re 1 each to promoter Balram Garg following the conversion of fully convertible warrants.
According to the company, the allotment relates to the conversion of 1.105 crore warrants out of the total 9.7222222 crore warrants issued under a preferential allotment approved on September 18, 2025.
The conversion was completed after the company received the remaining 75 per cent payment of Rs 14.9175 crore at Rs 13.50 per warrant, against the total issue price of Rs 18 per warrant. Following the latest conversion, 5.5622222 crore warrants remain outstanding for future conversion.
The allotment has also increased the company's paid-up equity share capital from 974.1084855 crore shares to 975.2134855 crore shares. Consequently, the paid-up capital has risen from Rs 974.10 crore to Rs 975.21 crore.
PC Jeweller's shares closed at Rs 9.64 on Monday, up 4.10 per cent or Rs 0.38 from the previous close of Rs 9.26. The stock touched an intraday high of Rs 9.76 and a low of Rs 9.25 during the session.
The company's market capitalisation stood at Rs 8,337.25 crore. The stock has a 52-week high of Rs 15.95, recorded on August 4, 2025, and a 52-week low of Rs 7.45.
According to BSE data, the stock has delivered a return of 279.53 per cent over the past five years and 246.76 per cent over the last three years. However, it has declined by 35.82 per cent over the past one year.