PC Jeweller Repays All Debt to 8 of 14 Banks

PC Jeweller Ltd has announced the successful clearance and repayment of all outstanding debt to one additional bank, as per a settlement agreement dated 30 September 2024. This brings the total number of banks to whom debt has been fully repaid to 8 out of 14 consortium banks, with all repayments completed ahead of schedule. The company has also discharged over 96% of the outstanding debt for the remaining 6 banks. PC Jeweller remains on track to achieve a debt-free status within the current quarter, which is expected to significantly strengthen its balance sheet and financial position.