PC Jeweller Repays Debt to 1 More Bank, Nears Debt-Free Status

PC Jeweller Ltd announced today the successful clearance and repayment of all outstanding debt to one additional bank, as per the terms of a Settlement Agreement dated September 30, 2024. This marks a significant step towards the company's objective of achieving a debt-free status within the current quarter. With this repayment, PC Jeweller has now settled its debt obligations with 3 out of its 14 consortium banks. This development is a positive indicator of the company's financial restructuring efforts and commitment to improving its balance sheet.