PC Jeweller Shares Surge Up to 6% as Firm Nears Debt-Free

Shares of

ler Limited surged up to 5.6 percent in intraday trade, touching a high of ₹10.75 per share on the National Stock Exchange (NSE). The market rally was triggered by the company's regulatory disclosure announcing significant progress in its debt resolution strategy. In an official filing, the prominent retail jeweller revealed that it has successfully cleared all outstanding dues with one more lender, bringing the total number of fully settled institutions to 9 out of its 14 consortium banks. These repayments were executed under the terms of a One-Time Settlement (OTS) agreement established on September 30, 2024, with all settlements completed well ahead of their stipulated due dates. Additionally, PC Jeweller informed investors that it has already discharged over 96 percent of the aggregate debt owed to the remaining five banks. With less than 4 percent of its outstanding financial obligations left to resolve, the management reaffirmed that it is firmly on track to achieve complete debt-free status within the current month. The rapid deleveraging is expected to drastically lower interest costs and substantially strengthen the company’s balance sheet, fueling both investor confidence and plans for future retail expansion.