PC Jeweller Limited submitted a regulatory filing to BSE Limited and the National Stock Exchange of India Limited on September 23, 2026, signed by Vishan Deo, Executive Director (Finance) & CFO (DIN: 07634994).
The disclosure provides an update on the clearance of the company's outstanding debt. The company announced that on September 23, 2026, it successfully cleared and repaid all outstanding debt owed to one more bank. This repayment was made under the terms of a Settlement Agreement dated September 30, 2024.
With this repayment, the company has now fully repaid all outstanding debt to 13 out of its 14 consortium banks. The company stated that all these repayments were completed ahead of their scheduled due dates.
The company has now discharged more than 99% of its total outstanding debt owed to banks. The remaining debt is less than 1% of the total outstanding amount. The company reaffirmed its objective to achieve a completely debt-free status within the current month of September 2026 and stated it remains firmly on track to discharge this remaining balance.
The company stated that achieving a debt-free status will materially strengthen its balance sheet and financial position.
The filing was made as a continuation of earlier intimations regarding the successful clearance and repayment of outstanding debt to banks.