New Delhi, Sept. 10 -- Shares of PC Jeweller Ltd. may remain in focus after the company announced a significant update on its outstanding debt position. In a filing dated September 10, 2026 , the jewellery retailer said it has successfully cleared and repaid its outstanding debt to one more bank under the terms of its Settlement Agreement dated September 30, 2024 .
With the latest repayment, PC Jeweller said it has now cleared all outstanding debt owed to 11 out of the 14 consortium banks , with the repayments completed ahead of their scheduled due dates .
The company further stated that it has already discharged more than 96% of the outstanding debt owed to the remaining three consortium banks . Less than 4% of the outstanding debt remains to be discharged , according to the filing.
Targeting Debt-Free Status in September
PC Jeweller said the latest repayment is in line with its objective of achieving a debt-free status within the current month . The company remains on track to clear the remaining portion of its outstanding debt to the three banks and become debt-free during September 2026 .
Published by HT Digital Content Services with permission from PNN.