PC Jeweller Limited to Raise Up to ₹1,000 Crore Through Qualified Institutions Placement
PC Jeweller Limited has announced plans to raise funds up to an aggregate amount of ₹ 1,000 crore through a Qualified Institutions Placement (QIP). The company intends to issue equity shares with a face value of ₹ 1/- each, or other eligible securities, in one or more tranches.To facilitate this capital infusion, the Board of Directors has approved the creation of an additional 150 crore equity shares of ₹ 1/- each. This expansion will result in an increase in the company's authorised share capital from ₹ 1,310 crore to ₹ 1,460 crore.
Capital Structure Adjustments
The increase in authorised share capital involves a significant adjustment to the existing capital structure as detailed below:| Particulars | Existing Authorised Share Capital | Proposed Authorised Share Capital |
|---|---|---|
| Total Amount | ₹ 1,310 crore | ₹ 1,460 crore |
| Equity Shares (₹ 1/- each) | 1,050 crore | 1,200 crore |
| Preference Shares (₹ 10/- each) | 26 crore | 26 crore |
The company will also undergo a corresponding alteration in the Capital Clause of its Memorandum of Association to reflect these changes.
Governance and Execution
To manage the upcoming QIP, the Board has constituted a Qualified Institutions Placement Committee. This committee is authorized to perform several key functions, including:- Appointing necessary intermediaries, advisors, and other agencies.
- Finalizing the structure, size, timing, pricing, and preliminary placement documents for the QIP.
- Executing all necessary documents and taking actions required in connection with the proposed issuance.
Shareholder Approval Process
The company will seek approval from its members regarding the increase in authorised share capital and the raising of funds through the QIP via a Postal Ballot. The notice for the Postal Ballot will be distributed electronically to members whose email addresses are registered with the Depository Participants, the Company, or the Registrar and Transfer Agent as of the cut-off date of July 10, 2026.The details regarding the proposed issuance are as follows:
| S. No. | Particulars | Disclosures |
|---|---|---|
| 1 | Type of securities proposed to be issued | Equity shares and / or other eligible securities or any combination thereof |
| 2 | Type of issuance | Qualified Institutions Placement |
| 3 | Total number of securities proposed to be issued | Up to an aggregate amount not exceeding ₹ 1,000 crore, in one or more tranches |
PCJEWELLER Stock Price Movement
PC Jeweller Limited shares today slipped by 2.55% to settle at ₹10.32 in post-market trading. The stock saw significant activity with a volume of 317.23 million shares as it retreated from the day's high of ₹10.84.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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