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PC Jeweller Achieves Debt-Free Status, Clears Dues of All 14 Consortium Banks
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News18•25-09-2026, 19:15
PC Jeweller Achieves Debt-Free Status, Clears Dues of All 14 Consortium Banks
- •PC Jeweller Ltd announced it has become debt-free after clearing dues of all 14 consortium banks, eliminating approximately Rs 3,000 crore in debt.
- •The company had opted for a one-time settlement (OTS) in September 2024 for its outstanding dues with the consortium of banks.
- •The settlement terms included cash and equity components, as well as the release of securities and mortgaged properties.
- •PC Jeweller successfully discharged the remaining outstanding debt ahead of scheduled due dates, strengthening its balance sheet and financial position.
- •The company reported a 37% increase in consolidated net profit to Rs 221.88 crore for the quarter ended June, with total income rising to Rs 879.27 crore.
Key Questions Answered
PC Jeweller achieved a debt-free status by clearing the remaining outstanding dues of all 14 consortium banks under the terms of a settlement agreement dated September 30, 2024, completing its repayments ahead of schedule.
Prior to opting for a one-time settlement (OTS) with its banking consortium in September 2024, PC Jeweller carried a total debt of approximately Rs 3,000 crore.
For the quarter ended June, PC Jeweller reported a 37 percent increase in consolidated net profit to Rs 221.88 crore, while total income rose to Rs 879.27 crore compared to the previous fiscal year.
