PC Jeweller logo

PC Jeweller MD, chairman, board of directors and AGM

NSE: PCJEWELLERBSE: 534809Consumer DurablesSmall Cap

Last close ₹18.04down ₹0.03 (0.17%)BSE ₹18.07

Share price at the NSE close on 23 Oct 2026. Previous close ₹18.07.

52-week range of traded prices to 23 Oct 2026
₹7.47Low, 30 Mar 2026₹20.10High, 22 Oct 2026
Market cap
₹17,693 Cr664th largest listed
P/E
19.7
P/B
1.9
Dividend yield
Nonein the last 12 months
ROE
10.8%
ROCE
9.4%
Debt to equity
0.03
Volume, NSE
1,24,71,47,10119.2% delivered

PC Jeweller board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorBalram GargRelated to the promoter

6 directors3 independent3 executive

  • Balram Garg · Chairperson and managing directorExecutive · joined Apr 2005 · reappointed Jul 2021 · 1 listed board · 2 committee seats
  • Ramesh Kumar SharmaExecutive · joined Feb 2014 · reappointed Feb 2025 · 1 listed board · 1 committee seat
  • Vishan DeoExecutive · joined Sep 2024 · reappointed Sep 2024 · 1 listed board
  • Mahesh AgarwalIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Farangi Lal KansalIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sannovanda Machaiah SwathiIndependent · joined Jan 2018 · reappointed Jan 2023 · 101 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 27 May 20266 of 6 present3 independent · 119 days in between
    • 27 Jan 20265 of 6 present2 independent

  • Audit Committee

    Chair Sannovanda Machaiah Swathi

    Mahesh Agarwal, Farangi Lal Kansal, Balram Garg

    • 27 May 20264 of 4 present3 independent · 119 days in between
    • 27 Jan 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Sannovanda Machaiah Swathi

    Mahesh Agarwal, Farangi Lal Kansal

    • 27 May 20263 of 3 present3 independent · 119 days in between
    • 27 Jan 20262 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Sannovanda Machaiah Swathi

    Balram Garg, Ramesh Kumar Sharma

    • 27 May 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Balram Garg

    Ramesh Kumar Sharma, Sannovanda Machaiah Swathi

    • 27 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • A H P N & AssociatesPeer-review certificate valid to Nov 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

PC Jeweller AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.PC Jeweller dividend history

Annual general meeting, 30 Sep 2026

11,14,113 shareholders on the register on 23 Sep 2026; present: 1 promoter and 108 others; votes counted by Shri Ramit Rastogi / Ramit Rastogi & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, the reports of the Board of Directors and Statutory Auditor thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the report of Statutory Auditor thereon.MoreLess
    Ordinary
    96.72% for3.28% against

    Against: promoters 0.00% · institutions 99.17% · other public 0.21%

    Turnout: all 40.20% · promoters 99.91% · institutions 8.96% · other public 0.48%

  2. To appoint a Director in place of Shri Vishan Deo (DIN: 07634994), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 3.30% · other public 0.30%

    Turnout: all 40.21% · promoters 99.91% · institutions 9.02% · other public 0.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Aug 2026, 3 resolutions

9,32,248 shareholders on the register on 10 Jul 2026; votes counted by Ramit Rastogi / Ramit Rastogi & Associates.The company's voting result (opens in a new tab)

  1. Increase in the Authorised Share Capital and alteration in the Capital Clause of Memorandum of Association.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.51%

    Turnout: all 40.10% · promoters 94.32% · institutions 9.96% · other public 0.47%

  2. Raising of funds up to an aggregate amount not exceeding Rs. 1,000 crore, in one or more tranches, through Qualified Institutions Placement.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.36%

    Turnout: all 40.10% · promoters 94.32% · institutions 9.96% · other public 0.48%

  3. Re-appointment of Shri Balram Garg (DIN: 00032083) as Managing Director and payment of remuneration.
    OrdinaryPromoters have an interest in it
    98.80% for1.20% against

    Against: promoters 0.00% · institutions 42.21% · other public 6.22%

    Turnout: all 40.10% · promoters 94.32% · institutions 9.96% · other public 0.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2025, 3 resolutions

7,36,241 shareholders on the register on 23 Sep 2025; present: 2 promoters and 103 others; votes counted by Shri Randhir Singh Sharma / R S Sharma & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Statutory Auditor thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the report of Statutory Auditor thereon.MoreLess
    Ordinary
    97.41% for2.59% against

    Against: promoters 0.00% · institutions 99.07% · other public 1.47%

    Turnout: all 41.27% · promoters 100.00% · institutions 7.97% · other public 0.25%

  2. To appoint a Director in place of Shri Ramesh Kumar Sharma (DIN: 01980542), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 4.01% · other public 1.08%

    Turnout: all 41.27% · promoters 100.00% · institutions 7.97% · other public 0.25%

  3. Appointment of M/s R S Sharma & Associates, Company Secretaries, as Secretarial Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 41.27% · promoters 100.00% · institutions 7.97% · other public 0.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Aug 2025, 3 resolutions

4,85,866 shareholders on the register on 4 Jul 2025; votes counted by Shri Randhir Singh Sharma / R S Sharma & Associates.The company's voting result (opens in a new tab)

  1. Increase in the Authorised Share Capital and alteration in the Capital Clause of Memorandum of Association
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 40.43% · promoters 97.44% · institutions 10.08% · other public 0.50%

  2. Issuance of up to 9,72,22,222 (Nine Crore Seventy Two Lakh Twenty Two Thousand Two Hundred Twenty Two) Fully Convertible Warrants by way of preferential allotment on private placement basis to Balram GargMoreLess
    SpecialPromoters have an interest in it
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 7.51% · other public 2.47%

    Turnout: all 40.43% · promoters 97.44% · institutions 10.08% · other public 0.50%

  3. Issuance of up to 18,05,55,555 (Eighteen Crore Five Lakh Fifty Five Thousand Five Hundred Fifty Five) equity shares by way of preferential allotment on private placement basis to Capital Ventures Private LimitedMoreLess
    Special
    99.72% for0.28% against

    Against: promoters 0.00% · institutions 7.51% · other public 2.34%

    Turnout: all 40.43% · promoters 97.44% · institutions 10.08% · other public 0.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Jan 2025, 2 resolutions

3,05,955 shareholders on the register on 6 Dec 2024; votes counted by Shri Randhir Singh Sharma / R S Sharma & Associates.The company's voting result (opens in a new tab)

  1. Issuance of 5,17,11,462 equity shares by way of preferential allotment on private placement basis to the Consortium Lenders for settling part of their outstanding debts.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 55.86% · promoters 99.86% · institutions 20.58% · other public 0.50%

  2. Re-appointment of Shri Ramesh Kumar Sharma (DIN: 01980542) as a Whole-time Director.
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 4.62% · other public 1.36%

    Turnout: all 55.86% · promoters 99.86% · institutions 20.58% · other public 0.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Nov 2024, 6 resolutions

The company's voting result (opens in a new tab)

  1. Sub-division / split of equity shares
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 56.50% · promoters 100.00% · institutions 11.56% · other public 3.39%

  2. Alteration of Capital Clause of Memorandum of Association
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 56.50% · promoters 100.00% · institutions 11.56% · other public 3.39%

  3. Appointment of Shri Mahesh Agarwal (DIN: 00086304) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 56.50% · promoters 100.00% · institutions 11.56% · other public 3.39%

  4. Appointment of Shri Farangi Lal Kansal (DIN: 10782936) as an Independent Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 56.50% · promoters 100.00% · institutions 11.56% · other public 3.39%

  5. Appointment of Shri Vishan Deo (DIN: 07634994) as a Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 56.50% · promoters 100.00% · institutions 11.56% · other public 3.39%

  6. Appointment of Shri Vishan Deo (DIN: 07634994) as a Whole-time Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 56.50% · promoters 100.00% · institutions 11.56% · other public 3.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 2 resolutions

Present: 1 promoter and 89 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2024, the reports of the Board of Directors and Statutory Auditor thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of Statutory Auditor thereon.MoreLess
    Ordinary
    99.37% for0.63% against

    Against: promoters 0.00% · institutions 96.00% · other public 0.00%

    Turnout: all 57.62% · promoters 100.00% · institutions 7.69% · other public 6.67%

  2. To appoint a Director in place of Shri Ramesh Kumar Sharma (DIN: 01980542), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.34% for0.66% against

    Against: promoters 0.00% · institutions 99.53% · other public 0.02%

    Turnout: all 57.59% · promoters 100.00% · institutions 7.82% · other public 6.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 8 Aug 2024, 1 resolution

Present: 1 promoter and 107 others.The company's voting result (opens in a new tab)

  1. ISSUANCE OF UP TO 48,13,42,500 FULLY CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS TO THE PERSONS BELONGING TO “PROMOTER GROUP” AND “NON-PROMOTER, PUBLIC CATEGORY”
    Special
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.46% · other public 0.30%

    Turnout: all 55.26% · promoters 100.00% · institutions 10.21% · other public 0.79%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 30 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026, the reports of the Board of Directors and Statutory Auditor thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2026 and the report of Statutory Auditor thereon.MoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: The Statutory Auditors have issued a qualified opinion on the standalone and consolidated financial statements of the Company, however, the Company/ management has not adequately addressed the same. Accordingly, the consequential impact of the concerns raised by the auditors is not known.
    0 for1 against
  • To appoint a Director in place of Shri Vishan Deo (DIN: 07634994), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against

Mutual fund votes, meeting of 23 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Raising of funds up to an aggregate amount not exceeding Rs. 1,000 crore, in one or more tranches, through Qualified Institutions Placement.
    1 for0 against
  • Re-appointment of Shri Balram Garg (DIN: 00032083) as Managing Director and payment of remuneration.
    1 for0 against
1 proposal not matched to one resolution
  • Increased from Rs. 1310,00,00,000/- divided into 1050,00,00,000 equity shares of Rs. 1/- each and 26,00,00,000 preference shares of Rs. 10/- each to Rs. 1460,00,00,000/- divided into 1200,00,00,000 equity shares of Rs. 1/- each and 26,00,00,000 preference shares of Rs. 10/- each, by creation of additional 150,00,00,000 equity shares of Rs. 1/- each.MoreLess
    1 for0 against
2 earlier meetings

Mutual fund votes, meeting of 30 Sep 2025, 6 fund houses

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025, the reports of the Board of Directors and Statutory Auditor thereon and the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 and the report of Statutory Auditor thereon.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of Subsidiaries on the website of the Company; Qualified opinion on Standalone and Consolidated Financial statements.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with S.136(1) of the Companies Act &; Regulation 46(2)(s) of SEBI LODR: Non-disclosure of the audited financial statements of Subsidiaries on the website of the Company; Qualified opinion on Standalone and Consolidated Financial statements.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    1 for5 against
  • To appoint a Director in place of Shri Ramesh Kumar Sharma (DIN: 01980542), who retires by rotation and being eligible, offers himself for re-appointment.
    6 for0 against
  • Appointment of M/s R S Sharma & Associates, Company Secretaries, as Secretarial Auditor
    6 for0 against

Mutual fund votes, meeting of 10 Aug 2025, 6 fund houses

  • Increased from Rs. 1260,00,00,000/- divided into 1000,00,00,000 equity shares of Rs. 1/- each and 26,00,00,000 preference shares of Rs. 10/- each to Rs. 1310,00,00,000/- divided into 1050,00,00,000 equity shares of Rs. 1/- each and 26,00,00,000 preference shares of Rs. 10/- each, by creation of additional 50,00,00,000 equity shares of Rs. 1/- each.MoreLess
    6 for0 against
  • To create, issue, offer and allot up to 18,05,55,555 equity shares of face value of Rs. 1/- each, fully paid up, by way of preferential allotment on private placement basis to Capital Ventures Private Limited (Proposed Allottee), belonging to Non-Promoter, Public Category, for cash, at an at an issue price of Rs. 18/- per share (including a premium of Rs. 17/- per share), being higher than the floor price determined in accordance with Regulation 164 of Chapter V of ICDR Regulations, for an amount aggregating up to Rs. 324,99,99,990/-.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Inadequate rationale for proposed fund raising. No clarity regarding the basis behind selecting the proposed allottee. No justification for not opting for rights issue.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Inadequate rationale for proposed fund raising. No clarity regarding the basis behind selecting the proposed allottee. No justification for not opting for rights issue.
    2 for4 against
  • To create, issue, offer and allot up to 9,72,22,222 Fully Convertible Warrants (Warrants), by way of preferential allotment on private placement basis to Shri Balram Garg (Proposed Allottee), Managing Director and Promoter, for cash, at an issue price of Rs. 18/- per Warrant, being higher than the floor price determined in accordance with the provisions of Chapter V of ICDR Regulations, for an amount aggregating up to Rs. 174,99,99,996/-.MoreLess
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Inadequate rationale for proposed fund raising. Warrants are priced at par with equity. Preferential allotment to Promoter group without any justification. No justification for not opting for rights issue.
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Inadequate rationale for proposed fund raising. Warrants are priced at par with equity. Preferential allotment to Promoter group without any justification. No justification for not opting for rights issue.
    2 for4 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesJul 2026, checked by CARE Ratings Limited41.24Repayment of banker’s outstanding debts including interest thereon434.42434.42No
Preferential IssuesJul 2026, checked by CARE Ratings Limited41.24Working Capital Requirement65.2265.22No
Preferential IssuesJul 2026, checked by CARE Ratings Limited41.24Issue Related Expenses0.360.36No
Preferential IssuesAug 2026, checked by CARE Ratings Limited14.92––No
Preferential IssuesSep 2026, checked by CARE Ratings Limited10.00––No
Preferential IssuesSep 2026, checked by CARE Ratings Limited16.00––No
Preferential IssuesSep 2026, checked by CARE Ratings Limited49.09––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.