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4 clusters · 6 sources · 58 days · First seen · Last updated

PC Jeweller achieves debt-free status and revenue growth

Overview

PC Jeweller Limited has officially achieved debt-free status after repaying over 3,000 crore rupees owed to a consortium of 14 banks. This milestone fulfills the terms of a settlement agreement established in September 2024, with the company completing all payments ahead of the scheduled deadline.

The final stages of repayment followed significant progress reported in early September 2026, when the company had already cleared all outstanding debt for 11 of its 14 consortium banks and had discharged more than 96% of the dues for the remaining three lenders.

Following this achievement, the company reported consolidated revenue growth of approximately 28% year-on-year during the second quarter of FY27. Liquidity may be further strengthened by the recovery of roughly ₹142 crore in outstanding export receivables. The company noted that the debt-free status is intended to reduce financing costs and enhance financial flexibility.

In a separate market development, Aditya Kumar Halwasiya, associated with Cupid Ltd, reportedly acquired 5.10 crore shares of the jewellery retailer in a bulk deal valued at approximately ₹73.59 crore. While the transaction is significant, it does not currently indicate a specific strategic arrangement with the company.

Entities

Cupid Ltd · Aditya Kumar Halwasiya · PC Jeweller Ltd · PC Jeweller Ltd. · PC Jeweller Limited

Timeline

  1. [BUSINESS] 2 sources
    PC Jeweller reports debt-free status and revenue growth

    PC Jeweller Ltd has reached debt-free status and reported a 28% year-on-year revenue increase, alongside a ₹73.59 crore bulk share acquisition by Aditya Kumar Halwasiya.

  2. [BUSINESS] 2 sources
    PC Jeweller becomes debt-free after repaying 3,000 crore rupees

    PC Jeweller Limited has become debt-free after repaying over 3,000 crore rupees to a group of 14 banks ahead of schedule.

  3. [BUSINESS] 2 sources
    PC Jeweller nears debt-free status after bank repayments

    PC Jeweller is nearing debt-free status after repaying 11 of its 14 consortium banks, with over 96% of remaining debt to other lenders already discharged.

  4. [BUSINESS] 2 sources
    PC Jeweller repays 8 of 14 consortium bank debts

    PC Jeweller has fully repaid eight of its 14 consortium banks ahead of schedule and expects to be entirely debt-free this quarter, following strong quarterly profit and revenue growth.

Sources

hindi.news18.com · latestly.com · newsx.com · theblunttimes.in · tv9hindi.com · up18news.com

This summary has been updated 2 times: see revision history