PCJEWELLER

** Shares of PC Jeweller PCJE.NS up 4.9% to 15.7 rupees

** Co posts Q3 consolidated net profit of 1.48 billion rupees ($17 million) vs loss of 1.98 billion rupees a year ago

** Rev soars nearly 16x to 6.39 bln rupees on higher demand for jewellery during the festival and wedding season

** Stock has been above its 200-day simple moving avg since Dec 2023, indicating bullish sentiment

** PCJE rose nearly 240% in 2024

($1 = 87.1250 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

Feb 4 (Reuters) - PC Jeweller Ltd PCJE.NS:

• Q3 CONSOL NET PROFIT 1.48 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 6.39 BILLION RUPEES

Further company coverage: PCJE.NS

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Dec 11 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER LTD - TO ISSUE 51.7 MILLION EQUITY SHARES TO CONSORTIUM LENDERS

• PC JEWELLER LTD - ISSUE PRICE AT 292 RUPEES PER SHARE

• PC JEWELLER - ISSUE OF SHARES TO CONSORTIUM LENDERS FOR SETTLING PART OF THEIR OUTSTANDING DEBTS

Source text: ID:nBSE7TQkLZ

Further company coverage: PCJE.NS

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Dec 6 (Reuters) - PC Jeweller Ltd PCJE.NS:

• TO CONSIDER ISSUANCE OF 51.7 MILLION SHARES VIA PREFERENTIAL ALLOTMENT

Source text: ID:nBSE84RdSB

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Oct 1 (Reuters) - PC Jeweller Ltd PCJE.NS:

• EXECUTED A SETTLEMENT AGREEMENT WITH LENDERS

• CASH CONSIDERATION TO BE PAID BY CO IN STRUCTURED PAYMENTS WITHIN 730 DAYS

Source text for Eikon: ID:nBSE9k0kDj

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** Shares of PC Jeweller PCJE.NS rise 2% to 154 rupees, hitting their highest since April 2019

** Co to consider a stock split on Sept. 30

** PCJE on track for fourth straight session of gains

** Stock has more than tripled so far this year vs an over two-fold rise in peer Tribhovandas Bhimji Zaveri TBZL.NS

(Reporting by Dimpal Gulwani in Bengaluru)

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Sept 24 (Reuters) - PC Jeweller Ltd PCJE.NS:

• TO CONSIDER SUB-DIVISION OF SHARES

Source text for Eikon: ID:nBSE6V0qT5

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** Shares of Indian jewellers jump 4-20%; gold financers gain as much as 4%

** Gold at record high on US rate cut optimism

** Tribhovandas Bhimji Zaveri TBZL.NS surges 20% and PC Jeweller PCJE.NS jumps 5%, both hit exchange-allowed upper limit

** Kalyan Jewellers KALN.NS and Senco Gold SENC.NS climb 6.3% and 4.1%, respectively, hit record highs

** Gold financiers Muthoot Finance MUTT.NS and Manappuram Finance MNFL.NS advance 2.6% and ~4% respectively

(Reporting by Hritam Mukherjee in Bengaluru)

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Sept 10 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER - GOT REFUND OF 675.4 MILLION RUPEES FROM INCOME TAX DEPARTMENT

Source text for Eikon: ID:nNSEzVst2

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** Shares of India's PC Jeweller PCJE.NS gain 5% and hit upper limit of exchange-mandated trading band

** The ornaments maker said lender Kotak Mahindra Bank KTKM.NS has accepted its one-time settlement proposal for outstanding dues

** Earlier, a slew of banks including IndusInd Bank INBK.NS, Punjab National Bank PNBK.NS, SBI SBI.NS had accepted co's proposals to settle unpaid debts

** YTD, stock has surged 177%

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 15 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER LTD - APPROVED OTS INCLUDE CASH AND EQUITY COMPONENTS

• PC JEWELLER - APPROVAL OF ONE TIME SETTLEMENT PROPOSAL BY IDBI BANK

Further company coverage: PCJE.NS

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Aug 14 (Reuters) - PC Jeweller Ltd PCJE.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.56 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.01 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PCJE.NS

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** Shares of India's PC Jeweller PCJE.NS rise 4.8% to 70.5 rupees

** Embattled ornaments maker said lender Bank of Baroda BOB.NS has approved one-time settlement proposal for outstanding dues

** IndusInd Bank INBK.NS, Punjab National Bank PNBK.NS, State Bank of India SBI.NS and Karur Vysya Bank KARU.NS had earlier accepted co's proposals to settle unpaid debts

** Session's move takes YTD gains to ~51%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of PC Jeweller PCJE.NS rises 2.1% to 72.17 rupees, its highest since Jan. 2023

** The jeweller says IndusInd Bank INBK.NS approves one-time settlement proposal for outstanding dues

** Punjab National Bank PNBK.NS, SBI SBI.NS, Karur Vysya Bank KARU.NS accepted proposals to settle unpaid debts earlier

** Including session's gains, PCJE is up ~55% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 9 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER - TO CONSIDER RAISING OF FUNDS BY WAY OF PREFERENTIAL ISSUE

Source text for Eikon: ID:nBSE1x997v

Further company coverage: PCJE.NS

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** Shares of India's PC Jeweller PCJE.NS jumps ~9%, set for best day in six months

** Embattled ornaments seller says lender Punjab National Bank (PNB) PNBK.NS approves one-time settlement proposal

** Previously, State Bank of India SBI.NS and Karur Vysya Bank KARU.NS had accepted its proposal to settle unpaid debts

** Stock climbs over 100-day moving avg for first time since June 25; had closed in-line with 50-DMA on Friday

** 1.1 mln shares of PCJE changed hands in early trade

** YTD stock has risen nearly 19%

(Reporting by Hritam Mukherjee in Bengaluru)

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April 29 (Reuters) - PC Jeweller Ltd PCJE.NS:

• SBI SEEKS TO WITHDRAW PETITION AGAINST CO

Further company coverage: PCJE.NS

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April 10 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER LTD- TO CONSIDER, APPROVE AND FINALISE MODE OF ISSUANCE OF SECURITIES FOR RAISING OF FUNDS

Source text for Eikon: ID:nBSEbtCHXT

Further company coverage: PCJE.NS

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April 2 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER LTD- ACCEPTANCE OF ONE TIME SETTLEMENT PROPOSAL BY KARUR VYSYA BANK

Source text for Eikon: ID:nBSE72f3NH

Further company coverage: PCJE.NS

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March 22 (Reuters) - PC Jeweller Ltd PCJE.NS:

• APPROVED RAISING OF FUNDS UPTO 15 BILLION RUPEES

Source text for Eikon: ID:nBSEXlp14

Further company coverage: PCJE.NS

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** PC Jeweller's shares PCJE.NS rise exchange-allowed maximum of 5%

** Co says State Bank Of India SBI.NS agrees to one-time settlement for outstanding dues; no amount mentioned

** SBI shares edge 0.3% lower on the day

** SBI down 0.5% in March and up over 16% YTD

** PCJE up over 6% in March and up ~31.4% YTD

(Reporting by Ashna Teresa Britto in Bengaluru)

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March 13 (Reuters) - PC Jeweller Ltd PCJE.NS:

• PC JEWELLER LTD - ACCEPTANCE OF 'ONE TIME SETTLEMENT' BY STATE BANK OF INDIA

• PC JEWELLER LTD - STATE BANK OF INDIA CONVEYED ACCEPTANCE OF 'ONE TIME SETTLEMENT' PROPOSAL BY COMPANY

• PC JEWELLER LTD - TERMS OF APPROVED OTS INCLUDES CASH, EQUITY COMPONENT, RELEASE OF SECURITIES, MORTGAGED PROPERTIES ETC

• PC JEWELLER LTD - COMPANY HAD OPTED FOR OTS TO SETTLE OUTSTANDING DUES

Source text for Eikon: ID:nBSE1QWsN8

Further company coverage: PCJE.NS

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** Shares of PC Jeweller PCJE.NS fall 5% to 62.3 rupees, the bottom of an exchange-imposed trading band

** Co received a show cause notice from Securities And Exchange Board Of India (SEBI) alleging non-compliance to disclosures in matter of accounts

** Co says it has been disclosing required/relevant information in its quarterly results

** Stock on track to snap eight consecutive session of gains

** More than 6.2 mln shares change hands, 2x its 30-day avg

** In last 12 months, stock has risen 89.5%

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

BENGALURU, Feb 14 (Reuters) - India's PC Jeweller PCJE.NS posted a loss for the fifth straight quarter on Wednesday, as revenues slumped due to the impact of legal battles with its lenders.

The company has proposed a one-time settlement of its unpaid debt to lenders, who have agreed in-principle to seek internal approval for the proposal, it said on Wednesday.

PC Jeweller has already paid an upfront deposit against the settlement and is "hopeful of receiving a positive final outcome towards its settlement proposal soon".

In an attempt to revive its fortunes, the Delhi-based company is now working to revamp its operations by cutting costs and launching new collections.

Consolidated net loss of the embroiled ornaments maker widened to 1.98 billion rupees (nearly $24 million) in the three months ended Dec. 31, from losses of 611.2 million rupees a year ago and 1.38 billion rupees a quarter ago.

PC Jeweller has been grappling with a "liquidity squeeze" amid shutdowns of some of its showrooms as a tussle with lenders since last year took a toll.

The company had complained about "adverse publicity" hitting sales after a slew of lenders, including State Bank of India SBI.NS and Indian Bank INBA.NS, deemed its borrowing accounts as non-performing from 2021 and moved court to seek due repayments.

The company had been exploring the possibility of an out-of-court settlement with its lenders.

Its revenues plummeted 95% in the December quarter, a period which coincides with key festivals in India, when gold demand is usually higher, as buying bullion is considered auspicious.

Shares of PC Jeweller had slumped 44% in 2023 after three consecutive annual gains.

Meanwhile, festive demand boosted peer Kalyan Jewellers' KALN.NS profit in December quarter, while higher gold prices led to Titan TITN.NS missing estimates. Bullion prices rose about 9% in the December quarter.

($1 = 83.0209 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; X: @MukherjeeHritam;))

** Shares of Indian jewellers fall 2%-4.5% after govt raised import duty on gold and silver findings, and coins

** Kalyan Jewellers KALN.NS, PC Jeweller PCJE.NS, Vaibhav Global VAIB.NS down 2%-4.5%; Goldiam International GOLI.NS Tribhovandas Bhimji Zaveri TBZL.NS down 4%-2%

** KALN only "Buy" rated stock on average after Titan TITN.NS among jewellery stocks - LSEG

** KALN top performer last year among jewellery stocks, gaining 179%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of PC Jeweller PCJE.NS down 2.7% to 28.6 rupees

** Stock on track to decline for 6 of last 7 sessions, if trend holds

** PCJE posts loss for fourth straight quarter as ongoing legal battles with its lenders hurt operations

** More than 2.3 mln shares traded by 10:39 a.m IST

** PCJE last down ~2.55%, taking YTD loss to 65.5%; stock rose previous three years

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607))

Nov 14 (Reuters) - PC Jeweller Ltd PCJE.NS:

• SEPT-QUARTER CONSOL NET LOSS 1.38 BILLION RUPEES VERSUS PROFIT 859.2 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.49 BILLION RUPEES VERSUS 8.98 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PCJE.NS

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** Shares of Indian jewellers Kalyan Jewellers KALN.NS, Vaibhav Global VAIB.NS, Thangamayil Jewellery THNG.NS, Goldiam International GOLI.NS, Tribhovandas Bhimji Zaveri TBZL.NS, PC Jeweller PCJE.NS and Senco Gold SENC.NS rise between 1%-6%

** Jewellers like Kalyan, Titan TITN.NS have reported strong sales in Q2, while gold demand has risen amid conflict in the Middle East

** ICICI Securities expects jewellery segment to outperform other consumer discretionary segments in medium term, as it is relatively immune to general slowdown in consumer discretionary spends

** Brokerage sees Kalyan potentially outperforming Titan in FY24 revenues

** ICICI says KALN benefits from faster retail expansion; expects co to exceed its guidance of store expansion in FY24

(Reporting by Aleef Jahan and Sethuraman NR in Bengaluru)

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Aug 22 (Reuters) - PC Jeweller Ltd PCJE.NS:

• APPROVED APPOINTMENT OF A H P N & ASSOCIATES AS STATUTORY AUDITOR

Source text for Eikon: ID:nBSE56qT9l

Further company coverage: PCJE.NS

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** Shares of India's PC Jeweller PCJE.NS down as much as 3.9% at 26.0 rupees, lowest level since June 28

** Gems and ornaments seller posted third straight qtrly loss on Monday, while rev plunged nearly 88%

** Shares set to drop for third consecutive sessions if losses hold

** Shares trading below 50-day and 100-day simple moving averages, indicating bearish momentum

** So far this year, stock has fallen ~69%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))