On January 27, 2025, PC Jeweller shares slipped ~3% and touched the day low of ₹13.60 at 09:45 AM after opening at ₹13.92. PC Jeweller shares are on investors’ radar after the company announced a settlement with SEBI on January 25, 2025. PC Jeweller has settled with the Securities and Exchange Board of India (SEBI), agreeing to pay ₹7.23 crore to resolve allegations of violating the Listing Obligations and Disclosure Requirements (LODR) Regulations.
In February 2024, SEBI issued a show-cause notice to the company over accusations of failing to disclose or delaying disclosure of loan defaults, misclassifying loans as non-performing assets (NPAs), not submitting a resolution plan to lenders, and providing misleading information to investors.
With the settlement, the adjudication proceedings on the matter have been concluded. PC Jeweller filed for settlement in April 2024, without admitting or denying the findings or legal conclusions.
PC Jeweller has recently announced that it will conduct a Board meeting on February 4, 2025, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended December 31, 2024.
PC Jeweller is involved in the manufacturing, sale and trading of gold jewellery, diamond-studded jewellery and silver items and operates in different geographical areas. The Company’s export business of gold jewellery is on a B2B basis through its dealers based in the Gulf via Dubai-based firms.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 27, 2025, 10:17 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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