PC Jeweller Share Price in Focus As it Expands Presence into African Mining with Chad Subsidiary

PC Jeweller Limited has taken a strategic step beyond its core jewellery business by entering the mining sector. The company informed stock exchanges on February 23, 2026, that its wholly owned subsidiary, PCJ Gems & Jewellery Limited, has incorporated a new step-down subsidiary called PCJ Mining SARL in the Republic of Chad .

The move signals a shift toward backward integration as the company looks to secure raw material sources and diversify its operations.

Details of PCJ Mining SARL in Chad

PCJ Mining SARL has been set up with a paid-up share capital of 10,00,000 CFA francs and is yet to commence operations . The subsidiary will focus on the extraction of precious metal ores, including mining, mineral exploration, quarrying, refining, and marketing of mineral products.

According to the filing, PCJ Gems & Jewellery Limited will hold a 66% stake in the newly formed entity . The incorporation does not fall under related party transactions, and no promoter or promoter group entity has any direct interest in the subsidiary .

Strategic Rationale Behind the Move

The jewellery sector relies heavily on stable access to gold and other precious metals. By establishing a presence in mining, PC Jeweller may be seeking greater control over its supply chain. Backward integration could potentially help manage input costs and reduce exposure to global price volatility.

Chad, located in Central Africa, has mineral resources that remain relatively underexplored. Entering at an early stage could provide long-term opportunities if exploration activities prove successful.

Regulatory and Financial Details

The company clarified that no specific governmental or regulatory approvals are required for the incorporation . As this is the formation of a new subsidiary, there was no acquisition cost or share swap involved .

PCJ Mining SARL has not begun commercial operations and currently reports no turnover .

Conclusion

PC Jeweller’s entry into precious metal mining marks a notable diversification strategy. While the subsidiary is still in its early stages, the move reflects the company’s ambition to expand upstream and strengthen its long-term supply security. Investors will likely watch closely to see how this new venture develops in the coming years.

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