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 "Gold, Gold jewellery")
As per the presentation, the corporate can also be revamping all different points of its enterprise operations equivalent to making ready to launch new jewelry collections, revamping its franchisee enterprise, value optimization and many others. (File photograph)
PC Jeweller Ltd on Sunday stated that Punjab Nationwide Financial institution has given its approval for one-time settlement of its excellent dues.
PC Jeweller had opted for OTS to settle the excellent dues with a consortium of banks.
The phrases and situations of authorised OTS embrace money and fairness parts payable below settlement, launch of securities and mortgaged properties and many others, the submitting stated.
PC Jeweller didn’t point out the excellent dues with all banks and in addition the main points of OTS.
In an investor presentation in late Might, PC Jeweller talked about that the withdrawal of the petition from the Nationwide Firm Regulation Tribunal (NCLT) by SBI and beneficial consideration of its OTS proposal by the banks are constructive developments.
“The corporate has once more began specializing in rising its model presence and has began its advertising and marketing initiatives for a similar, which is having a visual affect within the ongoing quarter,” it had stated.
The corporate continues to keep up a large community of 60 showrooms (together with 6 franchisee showrooms) positioned in 44 cities unfold throughout 15 states throughout India as of March thirty first, 2024.
“Additionally, the core strengths of the Firm within the type of manufacturing & designing capabilities, manufacturing amenities, expert workers, comfortable expertise within the type of programs and procedures, buyer insurance policies, and many others stay intact,” PC Jeweller stated.
As per the presentation, the corporate can also be revamping all different points of its enterprise operations equivalent to making ready to launch new jewelry collections, revamping its franchisee enterprise, value optimization and many others.
(Solely the headline and movie of this report could have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Jul 07 2024 | 10:36 PM IST
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