PC Jeweller Clears 96% Debt, Aims Debt-Free Status

Key Quantitative Figures

• The company has successfully cleared and repaid all outstanding debt to 11 out of 14 consortium banks
• More than 96% of the outstanding debt of the remaining 3 banks has been discharged
• Less than 4% of outstanding debt remains to be cleared
• All repayments were completed ahead of scheduled due dates

Dates of Action

• Disclosure Date: September 10, 2026
• Settlement Agreement Date: September 30, 2024
• Debt-free target: Current month (September 2026)

Parties Involved

• PC Jeweller Limited (Scrip Code: 534809, Symbol: PCJEWELLER)
• Consortium of 14 banks

Purpose and Rationale

In line with the company's objective of achieving a debt-free status in the current month itself, which will materially strengthen its balance sheet and financial position.

Financial Impact

The successful debt clearance is expected to materially strengthen the company's balance sheet and financial position. The company remains firmly on track to achieve complete debt-free status this month.