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PC Jeweller Becomes Debt-Free, Pays Off 14 Banks; Share Price Jumps 60%
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CNBC Awaaz•25-09-2026, 17:31
PC Jeweller Becomes Debt-Free, Pays Off 14 Banks; Share Price Jumps 60%
- •PC Jeweller announced on September 25, 2026, that it has paid off all outstanding dues to a consortium of 14 banks, achieving its goal of becoming debt-free.
- •The company completed all payments under settlement agreements with the banks ahead of their due dates.
- •Despite the announcement, the share closed down one percent at ₹14.11 on September 25, but has surged 60% in three months and 50% in 2026.
- •PC Jeweller states that becoming debt-free will strengthen its balance sheet and financial position, though it has not provided future sales or profit estimates.
- •Investors should focus on the company's upcoming financial results to assess the impact of debt elimination on its financial health.
Key Questions Answered
PC Jeweller announced that it has successfully paid off the entire remaining outstanding amount to its consortium of 14 banks, achieving its financial goal of becoming completely debt-free.
The settlement agreement outlining the terms for repaying the outstanding loan amounts to the 14 consortium banks was executed on September 30, 2024.
No, the September 25 filing confirmed the final payment of the remaining debt but did not disclose the specific monetary figure paid on that day.
