PC Jeweller has allotted 346782850 equity shares with a face value of ₹1 each following the conversion of 34678285 warrants. According to the instruction shared with the exchanges the decision was made by the Board of Directors on July 25 2025 and involves both Promoter Group and Non-Promoter Public Category allottees. According to the exchange filing the allotment was made upon receiving ₹146.16 crore which represents 75% of the issue price per warrant. The conversion of warrants into equity shares was executed at an issue price of ₹56.20 per warrant. This price includes a premium of ₹4.62 per share adjusted after the sub-division/split of the companys equity shares. The face value was split from ₹10 per share to ₹1 per share effective December 16 2024. Following the allotment the shareholding pattern has changed. The Promoter and Promoter Group now hold 39.38% of the shares amounting to 2725679480 shares while the Public holds 60.62% with 4196479870 shares. Capital Raise and Debt Reduction This capital raise is a part of PC Jewellers strategy of growth and financial consolidation. The company has cut its debt substantially which is down by 52% at Rs 2151 crore from Rs 4150 crore in March 2024. The stock has posted impressive long-term gains jumping almost 850% over the past five years. In fact the stock is up a whopping 70% over the past year alone though performance in recent weeks has been more uneven. Shares are up 20% over the past month but the stock remains flat year-to-date and up only 8% from six months ago.