PC Jeweller Reduces Bank Debt by 14% in Step Towards Debt-Free Status

PC Jeweller Limited has reduced its outstanding bank debt by approximately 14%, marking significant progress under its Joint Settlement Agreement. The repayment was facilitated through the conversion of Fully Convertible Warrants into equity shares by both the Promoter Group and non-promoter public entities, boosting equity and reducing liabilities. This move strengthens the company’s balance sheet and accelerates its path toward becoming debt-free. With most of its major obligations now discharged, PC Jeweller is reinforcing financial stability and signaling a turnaround after years of restructuring. The successful execution reflects growing stakeholder confidence in the company’s recovery and long-term sustainability.