Mumbai, April 7 -- During the quarter, the company executed a memorandum of understanding with National Skill Development Corporation under the Ministry of Skill Development & Entrepreneurship, Government of India to act as an Industry/Franchise Partner for the Gems & Jewellery Sector. Under this initiative, the company aims to facilitate the development and onboarding of upto 2,00,000 micro-entrepreneurs across India over a 5-year period under the PC Jeweller Brand.

In Q4 FY26, the company has further reduced its outstanding debt of banks by around 23% in Q4 under the terms of Joint Settlement Agreement. Notably, the company has repaid majority of its outstanding debt that was due to the banks under the terms of Joint Settlement Agreeme...