PC Jeweller's board to meet on THIS date to consider fundraising, check key details here
New Delhi: PC Jeweller, which is engaged in the business of manufacturing, selling, and trading gold jewellery, diamond-studded jewellery, and silver items, has informed the exchanges that its board will meet on 10 July 2025 to consider and approve its fundraising move.
'A meeting of the Board of Directors of the company will be held on Thursday, 10 July 2025, inter-alia, to consider and approve the raising of funds through the issuance of securities by way of preferential allotment subject to the receipt of necessary shareholders', regulatory, statutory and other applicable approvals, if any, and determination of the issue price,' the filing reads.
Meanwhile, the stock fell 8.70 per cent a day after it gained 11.8 per cent, driven by the company's strong business update for the first quarter of the financial year 2025-26. The stock started the session in green at Rs 18.79 against the previous close of Rs 18.72 on the BSE. However, it fell 8.70 per cent amid profit booking and touched the intraday low of Rs 17.09. Last seen, it was trading at Rs 17.31 on the BSE with a dip of 7.53 per cent.
Additional Surveillance Measure
Meanwhile, both the BSE and the National Stock Exchange (NSE) have placed the stock under the Short Term Additional Surveillance Measure Stage I (ST ASM-1) framework. PC Jeweller clocks 80 percent revenue growth in Q1
PC Jeweller Ltd has reported around 80 per cent growth in revenue during the April-June quarter of this financial year on strong demand despite volatility in gold prices and said it will become debt-free this fiscal.
Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned.
In a regulatory filing, PC Jeweller informed that the company closed the April-June quarter on a very strong note, clocking a robust performance.
'Despite the volatility in gold prices, the company was able to achieve a standalone revenue growth of approximately 80 per cent, as compared to the corresponding quarter of the previous financial year,' PC Jeweller said.
With PTI inputs
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