Author: Nishtha Mehrotra | EQMint
PC Jeweller Limited has confirmed that all mortgaged assets, charges, securities and guarantees linked to its consortium bank debt have been released, completing the formal debt-clearance process.
In an exchange filing dated October 8, 2026, the company said it had received No Objection cum No Dues cum Release Letters from all 14 consortium banks.
The release covers assets belonging to the company and its personal and corporate guarantors. Original title deeds have also been returned to the relevant title holders, while all related charges, securities, guarantees and undertakings stand released.
PC Jeweller had signed a settlement agreement with its 14-bank consortium on September 30, 2024. The company subsequently informed the stock exchanges on September 25, 2026, that it had cleared the outstanding dues of all consortium banks. The final release letter was received on September 30, 2026.
The development formally closes the company’s debt-clearance process. However, investors will continue to monitor its sales, margins and business performance as it moves forward.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7204c39-1224-493e-bdc8-b57b639831fa.pdf
Disclaimer: This article is for information purposes only and is not investment advice.
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