PC Jeweller Limited has announced a further reduction in its outstanding bank debt as the company continues to strengthen its balance sheet and progress towards its stated objective of becoming debt-free. The latest repayment has been supported by capital raised through the conversion of previously issued fully convertible warrants.
The company stated that it has reduced its outstanding debt payable to banks under the Joint Settlement Agreement by approximately 14%.
With this repayment, PC Jeweller said it has discharged the majority of its dues owed to lending banks, marking significant progress in its deleveraging efforts.
The repayment forms part of the company’s broader financial restructuring plan aimed at restoring balance sheet strength and improving long-term financial flexibility.
The debt reduction was funded through proceeds received from the balance consideration against conversion of fully convertible warrants into equity shares by promoter group entities as well as public shareholders.
PC Jeweller recently completed the conversion of 43.58 crore warrants into equity shares out of the total 48.08 crore warrants allotted earlier on a preferential basis.
The company raised approximately ₹2,512.77 crore through the warrant allotment and conversion process, representing around 93% of the total warrant issue value.
Out of the total warrants allotted, 4.49 crore warrants lapsed after expiry of tenure due to non-exercise by certain allottees. In accordance with applicable regulations, the upfront amount received against such lapsed warrants has been forfeited by the company.
The promoter group voluntarily chose not to exercise a portion of its warrants in order to maintain shareholding within prescribed regulatory thresholds and avoid triggering open offer requirement
Read More: PC Jeweller Share Price in Focus; Reports 32% YoY Revenue Growth in Q4 FY26!
As of 10 April 2026, at 3:30 PM, PC Jeweller share price is closed at ₹9.35 per share, reflecting a decline of 0.05% from the previous closing price.
PC Jeweller’s continued debt repayment and successful warrant conversion indicate meaningful progress in its balance sheet repair, with the company moving closer towards achieving debt-free status.
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Published on: Apr 13, 2026, 8:49 AM IST
Team Angel One
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