Corporate Moves: Qualcomm Executives Sell Shares, PC Jeweller Eyes QIP

Qualcomm Technologies Executive Akash Palkhiwala has filed a Form 144 notice to sell 2,500 shares of company common stock, valued at approximately $445,250. The transaction, executed through Goldman Sachs & Co. LLC, follows a series of pre-planned sales conducted under a Rule 10b5-1 trading plan established in December 2025. Palkhiwala previously offloaded 2,500 shares in both May and June 2026, consistent with the firm's ongoing executive compensation liquidation strategy.

PC Jeweller has scheduled a board meeting for July 16, 2026, to finalize a Qualified Institutions Placement (QIP) proposal. This move signals a significant strategic pivot from debt reduction to active business expansion, as the company nears the full settlement of its liabilities, having already secured No Dues Certificates from 14 institutional lenders. Management aims to utilize these funds to scale operations and open 15-20 new retail stores by the end of the year to capture lost market share.

Signature Global remains under investor scrutiny following a 25% sequential rise in Q1 FY27 pre-sales, totaling ₹1,970 crore. Driven by the successful launch of its luxury Tonino Lamborghini Residences in Gurugram, the firm reported an improved average realization of ₹17,093 per square foot. Despite the positive sales value, total unit volume and collections have tapered compared to previous quarters, prompting the company to maintain its ₹10,000 crore annual pre-sales guidance while managing a net debt of ₹390 crore.