Mortgaged assets, charges, securities and guarantees released; debt clearance formalities closed
All mortgaged assets of the company and its personal and corporate guarantors released; original title deeds handed back.
- Consortium Banks
- No Objection cum No Dues cum Release Letter from all 14 consortium banks
- Assets Released
- All mortgaged assets of the company and its personal and corporate guarantors released
- Title Deeds
- Original title deeds handed back
What the company announced
PC Jeweller has informed the stock exchanges that all the mortgaged assets of the company, and of its personal and corporate guarantors, have been released. The original title deeds have been handed over to the relevant title holders.
What stands released
- All charges
- All securities
- All guarantees, personal as well as corporate
- All undertakings provided by the company and by the personal and corporate guarantors
According to the update, all of these now stand fully released.
The bank side
This comes in continuation of the company's earlier intimation about receipt of a No Objection cum No Dues cum Release Letter from all the 14 banks of the consortium.
The status now
The company states that with this, all the necessary formalities with respect to the clearance of outstanding debt stand closed.
What this update covers
The update is about the release of the security and support given to the lender banks — mortgaged assets, charges, securities, guarantees and undertakings. The release is stated to cover not only the company but also its personal and corporate guarantors, whose mortgaged assets and guarantees are also described as released. The company links this step to the clearance of its outstanding debt.
Also from PC Jeweller
PC Jeweller's Q2 business update showed consolidated revenue growth of 28% and remittance of around 142 crore rupees
8 Oct 2026
Q2FY27 business update: ~28% YoY revenue growth, debt-free status, Rs 142 crore export remittance
7 Oct 2026
Board appoints promoter's son Soumil Garg as Whole-time Director; Ramesh Kumar Sharma resigns
30 Sep 2026
More numbers
- Banks in the consortium that gave the No Objection cum No Dues cum Release Letter14
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