DOCSLIB.ORG

Pc Jeweller Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Pc Jeweller Limited DRAFT RED HERRING PROSPECTUS Dated September 28, 2011 Please read Section 60B of the Companies Act, 1956 Book Building Issue PC JEWELLER LIMITED Our Company was incorporated on April 13, 2005 in New Delhi under the Companies Act, 1956, as amended (“Companies Act”) as a private limited company under the name „P Chand Jewellers Private Limited‟ with the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”). Our Company was converted into a public limited company, pursuant to a resolution passed by our shareholders on July 5, 2011, following which our name was changed to‘PC Jeweller Limited, and a fresh certificate of incorporation was issued by the RoC on August 2, 2011. For further details of the changes in our name, see “History and Certain Corporate Matters” on page 80. Registered and Corporate Office: 24/2708, Bank Street, Karol Bagh, New Delhi 110 005; Tel: (+91 11) 4710 4810; Fax: (+91 11) 2872 0811 Contact Person and Compliance Officer: Mr. Vijay Panwar, Company Secretary; Tel: (+91 11) 4710 4810 Extn.: 215; Fax: (+91 11) 2872 7640; E-mail: [email protected] Website: www.pcjewellers.com Promoters: Mr. Padam Chand Gupta and Mr. Balram Garg INITIAL PUBLIC OFFERING OF 45,133,500 EQUITY SHARES OF FACE VALUE OF ` 10 EACH (“EQUITY SHARES”) OF PC JEWELLER LIMITED (“PCJ” OR “OUR COMPANY” OR “THE COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF ` [●] PER EQUITY SHARE (THE “ISSUE PRICE”) AGGREGATING UP TO ` [●] MILLION (THE “ISSUE”). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 44,775,000 EQUITY SHARES (THE “NET ISSUE”) AND A RESERVATION OF 358,500 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) (THE “EMPLOYEE RESERVATION PORTION”). THE ISSUE SHALL CONSTITUTE 25.20% OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY AND THE NET ISSUE SHALL CONSTITUTE 25.00% OF THE POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY. THE PRICE BAND, THE MINIMUM BID LOT AND THE RUPEE AMOUNT OF THE RETAIL DISCOUNT AND EMPLOYEE DISCOUNT WILL BE DECIDED BY OUR COMPANY IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGERS AND THE CO-BOOK RUNNING LEAD MANAGER AND ADVERTISED IN [●] EDITION OF [●] (A WIDELY CIRCULATED ENGLISH NATIONAL NEWSPAPER) AND [●] EDITION OF [●] (A WIDELY CIRCULATED HINDI NATIONAL NEWSPAPER), AT LEAST TWO WORKING DAYS PRIOR TO THE BID/ISSUE OPENING DATE.* *Discount of ` [●] to the Issue Price may be offered to Retail Individual Bidders (the “Retail Discount”) and Eligible Employees bidding in the Employee Reservation Portion (the “Employee Discount”), respectively. THE FACE VALUE OF THE EQUITY SHARE IS ` 10 EACH. In case of revision in the Price Band, the Bid/Issue Period will be extended for at least three additional Working Days (as defined herein) after revision of the Price Band subject to the Bid/Issue Period not exceeding a total of 10 Working Days. Any revision in the Price Band and the revised Bid/Issue Period, if applicable, will be widely disseminated by notification to the BSE Ltd. (the “BSE”) and the National Stock Exchange of India Limited (the “NSE”), by issuing a press release, and also by indicating the change on the websites of the Book Running Lead Managers (“BRLMs”) and the Co-Book Running Lead Manager (“CBRLM”), and at the terminals of the other members of the Syndicate and by intimation to Self Certified Syndicate Banks (“SCSBs”). Pursuant to Rule 19 (2) (b) (i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), the Net Issue is being made for at least 25% of the post-Issue paid-up Equity Share capital of our Company. The Issue is being made through the Book Building Process where not more than 50% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company may allocate up to 30% of the QIB Portion to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Issue Price. For details, see “Issue Procedure” on page 217. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further, 358,500 Equity Shares will be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received from them at or above the Issue Price. Retail Individual Bidders and Eligible Employees bidding in the Employee Reservation Portion may participate in the Issue through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Payment Amounts will be blocked by the SCSBs. QIB Bidders (except Anchor Investors) and Non-Institutional Bidders shall compulsorily participate in the Issue through the ASBA process. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details in this regard, specific attention is invited to “Issue Procedure” on page 217. RISK IN RELATION TO FIRST ISSUE This being the first issue of the Equity Shares of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is ` 10 and the Floor Price and Cap Price are [●] times and [●] times the face value of the Equity Shares, respectively. The Issue Price (as determined and justified by our Company in consultation with the BRLMs and the CBRLM and as stated in “Basis for Issue Price” on page 38) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Issue. For taking an investment decision, investors must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does the SEBI guarantee the accuracy or adequacy of this Draft Red Herring Prospectus. Specific attention of the investors is invited to “Risk Factors” on page xiv. IPO GRADING The Issue has been graded by [●] as [●], indicating [●]. The IPO grade is assigned on a five-point scale from 1 to 5, with IPO grade 5/5 indicating strong fundamentals and IPO grade 1/5 indicating poor fundamentals. For more information on IPO Grading, see “General Information” and “Annexure I” on page 11 and page [●], respectively. ISSUER‟S ABSOLUTE RESPONSIBILITY Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus contains all information with regard to our Company and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading in any material respect. LISTING The Equity Shares issued through the Red Herring Prospectus are proposed to be listed on the BSE and the NSE. We have received in-principle approvals from the NSE and the BSE for the listing of the Equity Shares pursuant to letter dated [●] and [●], respectively. [●] is the Designated Stock Exchange for the purposes of the Issue. BOOK RUNNING LEAD MANAGERS CO-BOOK RUNNING LEAD MANAGER REGISTRAR TO THE ISSUE SBI CAPITAL MARKETS LIMITED KOTAK MAHINDRA CAPITAL COMPANY IDBI CAPITAL MARKET SERVICES KARVY COMPUTERSHARE PRIVATE LIMITED LIMITED LIMITED 202, Maker Tower „E‟, Cuffe Parade 1st Floor, Bakhtawar 3rd Floor, Mafatlal Centre Plot No. 17 to 24, Vithalrao Nagar Mumbai 400 005, India 229, Nariman Point, Mumbai 400 021, India Nariman Point, Mumbai 400 021, India Madhapur, Hyderabad 500 081, India Tel: (+91 22) 2217 8300 Tel: (+91 22) 6634 1100 Tel. No.: (+91 22) 4322 1212 Tel: (+91 40) 4465 5000 Fax: (+91 22) 2218 8332 Fax: (+91 22) 2284 0492 Fax No.: (+91 22) 2285 0785 Fax: (+91 40) 2343 1551 E-mail: [email protected] E-mail: [email protected] Email : [email protected] E-mail: [email protected] Investor Grievance E-mail: Investor Grievance E-mail: [email protected] Investor Grievance E-mail: Website: http://karisma.karvy.com [email protected] Website: www.investmentbank.kotak.com [email protected] Contact Person: Mr. M. Murali Krishna Website: www.sbicaps.com Contact Person: Mr. Chandrakant Bhole Website: www.idbicapital.com SEBI Registration Number: INR000000221 Contact Person: Ms.
Load more

Recommended publications
  • Corporate Presentation 1 Aug 2013
    PC Jeweller Limited Corporate Presentation 1st August 2013 Disclaimer Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions in India and the other countries which have an impact on our business activities; inflation, unanticipated turbulence in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices; changes in Indian and foreign laws and regulations, including tax and accounting regulations; and changes in competition and the pricing environment in India.
    [Show full text]
  • Business Analysis Q2 FY 2015
    PC Jeweller Limited Q2 FY 2015 Results Update November 2014 Disclaimer Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions in India and the other countries which have an impact on our business activities; inflation, unanticipated turbulence in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices; changes in Indian and foreign laws and regulations, including tax and accounting regulations; and changes in competition and the pricing environment in India.
    [Show full text]
  • Investor Presentation January 2018 Safe Harbor
    PC Jeweller Investor Presentation January 2018 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PC Jeweller Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy.
    [Show full text]
  • Financials Q4 2018 & FY 2018 (Audited)
    © Date: May 25, 2018 PC] To, T0, Jeweller for generations The Listing Compliance Department, The Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P. J. Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai - 400001 Bandra (East), Mumbai - 400051 Ref.: PC Jeweller Limited (Scrip Code: 534809, Symbol: PCJEWELLER) Sub.: Audited Standalone & Consolidated Financial Results for the quarter and / or year ended March 31, 2018 Dear Sir/Madam, Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the audited Standalone & Consolidated Financial Results of the Company for the quarter and / or year ended March 31, 2018 along with the Auditors Reports thereon. Further, please also find enclosed herewith requisite declaration by Shri Sanjeev Bhatia, Chief Financial Officer of the Company regarding Audit Reports with unmodified opinion. The Board meeting commenced at ...'?.:.J....~.f.:~....and concluded at .... ~.~.f!.~..f..'./!? . Kindly take the same on record. Thanking you. Encl.: As above PC Jeweller Limited REGD. & CORPORATE OFF: C - 54, PREET VIHAR, VIKAS MARG, DELHI - 110 092 PH: 011 - 49714971 FAX: 011 - 49714972 [email protected]· www.pcjeweller.com· CIN: L36911DL2005PLC134929 Walker Chandiok &"Co LLP Walker Chandiok & Co LLP (Formerly Walker, Chandiok & Co) L-41 Connaught Circus New Delhi 110001 India T +91 11 42787070 F +91 11 42787071 Independent Auditor's Report on Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To the Board of Directors of PC Jeweller Limited 1. We have audited the standalone financial results of PC Jeweller Limited ('the Company') for the year ended 31 March 2018, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
    [Show full text]
  • Investor Presentation November, 2017
    PC Jeweller Investor Presentation November 2017 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PC Jeweller Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy.
    [Show full text]
  • Investor Presentation August, 2017
    PC Jeweller Investor Presentation August 2017 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PC Jeweller Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy.
    [Show full text]
  • PC Jewellers Ltd., a Well Established Jewellery Retailer, Is Entering in The
    PC Jewellers Limited (IPO NOTE) 7th December, 2012 PC Jewellers Ltd., a well established Jewellery retailer, is entering in the Industry – Diamond and Jewellery capital markets with an initial public offering, IPO of 45,133,500 Equity Recommendations - Buy Shares of Rs 10 each. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver Bidding Details articles. They provide 100% Hallmarked jewellery and Certified Diamond Price Band: Rs 125 -Rs. 135 per share jewellery. At higer price band the issue is available at discount to it’s (A Discount of Rs. 5 for retail bitters & peers at P/E of 7.8 Employees) Face value – Rs 10 per share INVESTMENT RATIONALE Lot size – 90 shares and multiples of 90 shares thereafter Further expantion of retail network: Company intends to further expand Issue Opens –Dec 10 ’2012 their retail network across various cities in north and central India and in Issue Closes –Dec 12 ’2012 certain key markets in the rest of India (intends to open ten additional Retail Applications size: upto Rs. 200,000 showrooms in fiscal 2012). Issue Size – Rs. 556 Cr. - Rs. 601 Cr. Continue to increase focus on diamond and other higher margin jewellery sales: Company intends to continue to increase their focus on Shareholding Pattern (%) diamond jewellery and other precious stone jewellery, as these typically Pre-Issue Post-Issue involve higher profit margins than other types of jewellery. Promoters 93.61 70.02 Increase sales through innovative customer-oriented marketing Public 6.39 29.98 initiatives: The Company continues to invest in nationwide, regional and local store-level advertising campaigns, marketing initiatives and event Issue Allocation sponsorships to increase our visibility and customer traffic at our showrooms.
    [Show full text]
  • Corporate Presentation 1 July 2014
    July 2014 PC Jeweller Limited Disclaimer Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions in India and the other countries which have an impact on our business activities; inflation, unanticipated turbulence in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices; changes in Indian and foreign laws and regulations, including tax and accounting regulations; and changes in competition and the pricing environment in India.
    [Show full text]
  • FY 2015 Annual Presentation
    June 2015 PC Jeweller Limited Disclaimer Certain statements are included in this release which contain words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions that are “forward-looking statements.” Actual results may differ materially from those suggested by the forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain of the market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this document include, but are not limited to: general economic and political conditions in India and the other countries which have an impact on our business activities; inflation, unanticipated turbulence in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices; changes in Indian and foreign laws and regulations, including tax and accounting regulations; and changes in competition and the pricing environment in India.
    [Show full text]
  • Annual Report 2019-20 | 01 PC JEWELLER LIMITED
    CONTENTS Corporate Overview Consolidation. Resilience. Sustenance. 01 Corporate Actions During FY20 02 Message from Managing Director 04 Corporate Information 05 Statutory Reports Directors' Report 06 Business Responsibility Report 39 Report on Corporate Governance 44 Management Discussion & Analysis 59 Financial Statements Standalone Financial Statements Auditor's Report 62 Balance Sheet 72 Statement of Profit and Loss 74 Statement of Changes in Equity 75 Cash Flow Statement 76 Notes forming part of the Financial Statements 78 Consolidated Financial Statements Auditor's Report 121 Balance Sheet 130 Statement of Profit and Loss 132 Statement of Changes in Equity 133 Cash Flow Statement 134 Notes forming part of the Financial Statements 136 Statement containing salient features of the financial statement of Subsidiaries 182 Notice of 15th Annual General Meeting 183 Forward Looking Statements Certain statements in this annual report concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. We have tried wherever possible to identify such statements by using words such as 'anticipate', 'estimate', 'expect', 'project', 'intend', 'plan', 'believe' and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward- looking statements will be realized, although we believe we have been prudent in assumptions. The achievement of results is subject to risks, uncertainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected.
    [Show full text]
  • Postal Ballot Result 20 Sep 2014
    & PC] Date: September 20, 2014 Jeweller for generations -, To, !:I. To, 'f) The Listing Compliance Department, ~" The Listing Compliance Department, BSELimited, National Stock Exchange of India Limited, P.J. Tower, Dalal Street, Exchange Plaza, BandraKuria Complex, Mumbai - 400001 Bandra (East), Mumbai - 400051 Sub.: Result of Postal Ballot Notice dated July 28, 2014 Ref.: PCJeweller Limited (Scrip Code: 534809, Symbol: PCJEWELLER) Dear Sir/Madam, In terms of Clause 35A of the Listing Agreement, please find enclosed herewith the details of the voting results (Postal Ballot & e-voting) on Postal Ballot Notice dated July 28, 2014, submitted with you on August 16, 2014, seeking consent of Members by way of Special Resolution for the following Special Business: Item No.1: To authorise the Board of Directors to borrow money in excess of aggregate of the paid up share capital of the Company and its free reserves but not exceeding ~6,OOOcrores. Item No.2: To authorise the Board of Directors to create charges, mortgages etc. for securing the borrowings upto ~6,OOOcrores. Item No.3: To authorise the Board of Directors to vary the terms of contracts or objects in Prospectus dated December 16, 2012. Total number of Shareholders as on August 1, 2014 (Cut-off date for determining voting rights of shareholders): 28,996 Date of declaration of Result: September 20, 2014 Please also find enclosed herewith copy of Result of Postal Ballot as announced today. Kindly take the same on record. Thanking you. Encl.: As above ON: L36911DL200SPLC134929pC Jeweller Limited Corporate Office: C - 54, Ilnd Floor, Vikas Marg, Preet Vihar, Delhi - llO 092 Ph.
    [Show full text]
  • PC Jeweller Limited Net Worth 203 Balram Garg, MD, PC Jeweller
    dun & Bradstreet d-U-n-s® no 65-038-8213 Top 500 ranking Income 133 Net Profit 160 Pc Jeweller Limited Net Worth 203 Balram Garg, MD, PC Jeweller mr. Balram Garg’s views The time has come when we need to redefine the development philosophy. The road to lasting and sound economic development goes through social development. Few at the helm of affairs, must know and understand it well that people at the bottom ladder need to be developed, which is an essential prerequisite. Any amount of growth and progress is futile and meaningless,s if the benefits are not passed on to the micro and grass-root level. We need to view our social progress index. The Indian Companies Act has been amended to incorporate Corporate Social Responsibility (CSR) and the same is made mandatory subject to CSR Audit. Today the Corporate world must take care of social ends along with economic ones. People are our greatest assets, which are most productive, effective and efficient. It is only people who earn profits and not the organizations. The corporate sector must strive for finer values and observe ethical practices in business. We need to invest huge amounts in human skills. The existing skills need to be sharpened, toned and polished and new skills need to be acquired. The health and happiness of the workforce must be main and prime concern of any organization as everything flows from there only. Our all actions must lead to human happiness. Everything in the end rests on happiness. I will quote example of a great country Bhutan which is first in the world and has officially introduced the concept of Gross National Happiness (GNH) in operation.
    [Show full text]