PC Jeweller has cleared its outstanding debt with one additional consortium bank, bringing the total number of settled lenders to 11 out of 14. The repayment was completed ahead of the scheduled due dates under the Settlement Agreement dated September 30, 2024.

The jewellery retailer remains on track to discharge its remaining obligations and achieve a fully debt-free status within the current month. This latest clearance reinforces the company’s strategy to systematically reduce leverage across multiple financial institutions.

Debt Reduction Progress

With this update, PC Jeweller has now repaid all outstanding debt for 11 of 14 consortium banks. The company has also discharged more than 96% of the outstanding debt associated with the remaining three banks. Less than 4% of the original obligation remains to be settled.

What the Numbers Show

The concentration of the remaining liability in fewer than 4% of the total outstanding amount indicates that the bulk of the restructuring burden has been lifted. With only three banks left to settle, the operational complexity of the final phase is significantly lower than the initial stages, allowing for a quicker resolution timeline targeted at the current month.

PC Jeweller Limited has scheduled its 21st annual general meeting (AGM) for Wednesday, September 30, 2026. The meeting will be conducted through video conferencing or other audio-visual means to transact business for the financial year ended March 31, 2026.

Meeting Logistics

The company dispatched the notice of the AGM along with the annual report for FY26 electronically on September 7, 2026. These documents were sent to members whose email addresses are registered with depository participants, the company, or its registrar and transfer agent, KFin Technologies Limited. The documents are also available on the company website and stock exchange portals.

Shareholders holding shares in physical form who have not registered their email addresses are requested to do so using Form ISR-1 with KFin Technologies. Members holding shares in demat mode should register their email addresses with their respective depository participants.

E-Voting Details

The company is providing remote e-voting facilities through KFin Technologies. The voting window and eligibility criteria are detailed below:

Only members whose names appear in the register of members or list of beneficial owners as of the cut-off date are entitled to vote. Voting rights will be proportionate to the shareholding in paid-up equity capital as on that date. Members who cast votes via remote e-voting may attend the AGM but cannot vote again.

Book Closure and Share Transfers

The register of members and share transfer books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026, inclusive. This closure facilitates the determination of shareholders eligible to attend and vote at the AGM.

Additionally, a special window for the transfer and dematerialization of physical shares is open from February 5, 2026, to February 4, 2027. This applies to investors who bought or sold physical shares before April 1, 2019, but did not log them for transfer or faced rejection due to documentation deficiencies.