PC JEWELLER LTD.

PC Jeweller Ltd's Board of Directors met on September 30, 2026, approving several key management changes. Shri Soumil Garg was appointed as an Additional Director and Whole-time Director, effective October 01, 2026, for a five-year term, subject to member approval. The board also accepted the resignation of Shri Ramesh Kumar Sharma as Director and Whole-time Director, effective October 01, 2026. Additionally, the company appointed Shri Vishan Deo as Nodal Officer and Shri Kumar Deoratan Singh as Chief Technical Officer. Ms. Pawandeep Kaur was appointed President (Business Development). Resignations of Shri Vivek Jain (Chief Information Officer) and Shri Kuldeep Singh (President - Accounts) were also accepted, effective October 01, 2026. The board also reconstituted several committees.

PC Jeweller Ltd announced significant changes in its senior management and board structure following a meeting on September 30, 2026. Shri Soumil Garg, son of Managing Director Shri Balram Garg, has been appointed as an Additional Director and Whole-time Director for a term of 5 years, effective October 1, 2026. His appointment is subject to shareholder approval. The company also accepted the resignation of Shri Ramesh Kumar Sharma as a Director, effective October 1, 2026, who will consequently cease to hold various committee positions and the role of Nodal Officer. The board also reconstituted several committees, including the Stakeholders Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee, and Management & Finance Committee, with new members and a new chairperson for the CSR committee. Additionally, Shri Vishan Deo has been appointed as the Nodal Officer, and Shri Kumar Deoratan Singh and Ms. Pawandeep Kaur have been appointed as Chief Technical Officer and President (Business Development) respectively. Resignations of Shri Vivek Jain (Chief Information Officer) and Shri Kuldeep Singh (President - Accounts) were also accepted.

PC Jeweller Ltd has announced the closure of its trading window for designated persons, effective October 01, 2026. This closure is in anticipation of the board meeting to consider and approve the un-audited financial results for the quarter and six months ending September 30, 2026. The company will announce the date of the board meeting and the subsequent re-opening of the trading window in due course. This measure is standard practice to prevent insider trading during the sensitive period of financial result disclosure.

PC Jeweller Ltd announced changes in its board and senior management following a board meeting on September 30, 2026. Shri Soumil Garg has been appointed as an Additional Director and Whole-time Director, effective October 1, 2026, subject to member approval. The company also accepted the resignation of Shri Ramesh Kumar Sharma as Director and Whole-time Director. Several committees, including the Stakeholders Relationship Committee, Risk Management Committee, Corporate Social Responsibility Committee, and Management & Finance Committee, have been reconstituted. Shri Vishan Deo has been appointed as Nodal Officer. Additionally, Shri Kumar Deoratan Singh was appointed Chief Technical Officer, Ms. Pawandeep Kaur as President (Business Development), and resignations of Shri Vivek Jain (Chief Information Officer) and Shri Kuldeep Singh (President - Accounts) were accepted, all effective October 1, 2026.

PC Jeweller Ltd has announced the successful clearance of outstanding debts owed to all 14 consortium banks. The company has received the final No Objection cum No Dues cum Release Letter from the last of these banks today. This development signifies the complete resolution of its debt obligations with the banking consortium, marking a significant step towards financial deleveraging.

Balram Garg and Persons Acting in Concert (PACs) have sold 5,56,22,222 equity shares in PC Jeweller Ltd, representing 1.50% of the total share capital. This sale occurred via preferential allotment, converting fully convertible warrants. Following the transaction, their total holding has reduced from 21.37% to 19.87%. The total equity share capital of the company increased post-transaction.

PC Jeweller Ltd has announced the successful clearance of all outstanding debt to 14 consortium banks. The company has discharged its remaining obligations ahead of the scheduled due dates as per the Settlement Agreement dated September 30, 2024. This achievement marks a significant milestone, rendering the company debt-free and substantially strengthening its balance sheet and overall financial position.

PC Jeweller Ltd has allotted 3,63,62,222 equity shares to Promoter & Managing Director, Shri Balram Garg, upon conversion of the remaining warrants. This conversion, triggered by the receipt of the balance payment of ₹49.09 Cr (75% of the issue price per warrant), completes the full conversion of 9,72,22,222 warrants initially allotted. The face value of each share is ₹1. The allotment results in a consequential increase in the company's paid-up equity share capital from ₹977.14 Cr to ₹980.78 Cr, comprising 980,77,57,077 equity shares. The newly allotted shares will rank pari-passu with existing shares.

PC Jeweller Ltd has announced the successful clearance of outstanding debt with 13 out of 14 consortium banks, fulfilling its objective of achieving a debt-free status this month. The company has repaid over 99% of its bank debt ahead of schedule, with the remaining less than 1% expected to be discharged shortly. This significant deleveraging is anticipated to materially strengthen the company's balance sheet and financial position.

PC Jeweller Limited has allotted 1,18,52,500 equity shares to Promoter & Managing Director, Shri Balram Garg, upon conversion of warrants. This conversion follows the receipt of the balance payment of ₹16,00,08,750/-. The allotment increases the company's paid-up equity share capital to ₹977,13,94,855/- comprising 977,13,94,855 equity shares. The newly allotted shares will rank pari-passu with existing equity shares. This action is a consequence of the preferential allotment of warrants made earlier.