PC Jeweller Limited has successfully cleared and repaid all outstanding debt for 1 more bank ahead of schedule under the Settlement Agreement, bringing the total to 11 out of 14 consortium banks fully paid off.

Additionally, the company has discharged over 96% of the remaining debt for the final 3 banks. **Issue:** The company is carrying legacy debt from its consortium lenders that needed resolution through settlement agreements. **Possible Impact:** Clearing out consortium debt aggressively slashes interest burdens and transforms the balance sheet, significantly reducing financial risk and freeing up cash flows for core retail operations. **Company’s Response / Mitigation Plan:** The company is firmly on track to clear the remaining sub-4% debt for the last 3 banks within the current month, successfully achieving its target of a completely debt-free status.