PC Jeweller Limited has confirmed that its promoter, Balram Garg, along with persons acting in concert, has not created any encumbrance on their shareholding during the financial year ended March 31, 2026. This disclosure, submitted to the stock exchanges, assures stakeholders that the promoter's equity in the company remains free from pledges or charges for the reported period.

The confirmation was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Balram Garg, the Promoter of pc jeweller , explicitly stated that neither he nor the persons acting in concert—Pooja Garg and Balram Garg (HUF)—have made any direct or indirect encumbrance on their shares.

Key Details of the Disclosure

The filing provides specific details regarding the regulatory compliance and the entities involved in the disclosure.

The submission was addressed to the Listing Compliance Departments of BSE Limited and National Stock Exchange of India Limited. The Scrip Code for PC Jeweller Limited on the BSE is 534809. The confirmation was signed by Balram Garg in his capacity as Promoter of the company.

PC Jeweller Limited delivered a strong operational performance for the year ended March 31, 2026, with its Profit After Tax (PAT) rising 58% to ₹710 crore. The company's revenue from operations increased by 49% to ₹3,352 crore for FY26, driven by a 33% year-on-year growth in standalone domestic revenue in Q4FY26. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its meeting held on May 27, 2026.

Financial Performance

The company delivered a robust turnaround across both standalone and consolidated metrics. On a standalone basis, Profit Before Tax (PBT) for FY26 increased by 58% to ₹708 crore, while Operating PAT for FY26 stood at ₹705 crore, an increase of 80% compared to the previous year. In Q4FY26, standalone sales rose 33% to ₹927 crore, while PBT jumped 59% to ₹151 crore. On a consolidated basis, Q4 net profit came in at ₹152.89 crore compared to ₹94.78 crore in the same period last year, while Q4 consolidated revenue stood at ₹927.34 crore versus ₹699.02 crore year-on-year. The company also successfully reduced its outstanding debt by more than 90% since the execution of the Settlement Agreement with banks on September 30, 2024.

The table below summarises the standalone annual financial performance:

The table below highlights the consolidated Q4 performance:

Audit Qualifications

The statutory auditor reported qualifications regarding export receivables and discounts. The company extended discounts amounting to ₹513.65 crore to export customers in FY19, adjusted against revenue. While approvals for ₹330.49 crore were obtained, evidence for the remaining ₹183.16 crore was unavailable, preventing impact assessment. Additionally, export receivables outstanding for over nine months were restated, leading to a cumulative expected credit loss (ECL) provision of ₹281.40 crore. The auditor could not comment on the adequacy of this provision. The company has filed applications under the Foreign Exchange Management Act, 1999, for condonation of delays in repatriation.

Strategic Developments

During the quarter, the company executed a Memorandum of Understanding with the National Skill Development Corporation (NSDC) to onboard up to 2,00,000 micro-entrepreneurs over five years. Additionally, PC Jeweller incorporated a step-down subsidiary, PCJ Mining SARL, in the Republic of Chad, which was granted a license for semi-mechanized artisanal gold mining in April 2026. The company also successfully completed its preferential issue of fully convertible warrants amounting to ₹2,702.11 crore on April 10, 2026, with a realisation of approximately 93%.

Board Decisions

The Board approved the re-appointment of Shri Balram Garg as Managing Director for a period of five years effective from July 01, 2026, subject to shareholder approval. The company remains confident of becoming debt-free in the near term and is in advanced stages of finalizing discussions for establishing large format franchisee showrooms to expand its retail presence.