PC Jeweller Limited provided an update on its debt clearance progress in a regulatory filing dated September 08, 2026. The company successfully cleared and repaid all outstanding debt with one additional bank, operating under the terms of a Settlement Agreement dated September 30, 2024. This repayment was completed ahead of the scheduled due date.
With this latest repayment, the company has now fully cleared all outstanding debt obligations with 10 out of its 14 consortium banks. Additionally, the company has discharged more than 96% of the outstanding debt from the remaining 4 banks.
The company remains on track to achieve complete debt-free status within the current month (September 2026), needing to discharge only the remaining less than 4% of outstanding debt from the 4 banks. This achievement is expected to materially strengthen the company's balance sheet and financial position.
The disclosure was signed by Vishan Deo, Executive Director (Finance) & CFO (DIN: 07634994), and submitted to both BSE Limited and National Stock Exchange of India Limited for compliance purposes.