Outcome of Board Meeting

Date: October 21, 2026 To, To, The Listing Compliance Department, The Listing Compliance Department BSE Limited, National Stock Exchange of India Limited, P. J. Tower, Dalal Street, Exchange Plaza, .Bandra Kurla Complex, Mumbai - 400001 Bandra (East), Mumbai - 400051 Scrip Code: ·534809 -Symbol: PCJEWELLER Sub.: Outcome of the Board Meeting held on October 21, 2026 Dear Sir/ Madam, We wish to inform that the Board of Directors of the Company at its meeting held today i.e. Wednesday, October 21, 2026, inter-alia, has considered and approved the following: 1) Financial results for the quarter & six months ended September 30, 2026 The Board approved the un-audited standalone and consolidated financial results of the Company for the quarter & six months ended September 30, 2026 and taken note of the limited review reports issued · thereon by Statutory Auditor. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the un-audited standalone and consolidated financial results of the Company for the quarter & six months ended September 30, 2026 alongwith limited review reports issued thereon by Statutory Auditor are enclosed herewith. The results highlights for the quarter & six months ended September 30, 2026 are also enclosed. 2) Taking note of the fines imposed by Stock Exchanges for delay in submission of trading approval application The Board taken note of the fines imposed by BSE Limited and National Stock Exchange of lndia Limited amounting to~ 47,200/- (including GST) each, for delay in the submission of trading approval application. The Board also taken note of the fact that the delay of 2 days in submission of trading approval application was unintentional and that the Company has already paid the fines to both the exchanges within prescribed time. The relevant letter / ma0il received from the Stock Exchanges are enclosed herewith. The Board meeting commenced at 5:00 P.M. and concluded at 5:55 P.M. Kindly take the information on record. Yours faithfully, For .:: eller Limited <v'-'\,. ( Executive Director (Finance) & CFO DIN: 07634994 Encl.: As above · PC Jeweller Limited Regd. Office: 2713, 3rd Floor, Bank Street, Karol Bagh, New Delhi-110005 Ph.: 011 - 49714971 Fax: 011 -49714972 lnfo@pcjeweller.com • www.pcjeweller.com • CIN: L36911DL2005PLC134929 Highlights PC Jeweller Q2 FY27 Net Operating PAT Rises 107°/o, Revenue Up 28% Turns Debt-Free; Commencement of Realisation of Outstanding Export Receivables; Retail Expansion Plans Under Way; New Brand for GEN-Z customers; Vertical Integration through Mining activities PC Jeweller Limited, one of India's prominent jewellery retailers and manufacturers of gold and diamond jewellery, has announced its unaudited financial results for the quarter and half year ended September 30, 2026. Backed with healthy consumer demand, the Company's strong performance continues in Q2FY27 as well reporting Consolidated revenues of Rs 1,054 crores, a year-on-year growth of 28%. A key milestone during the quarter was the Company achieving debt-free status after repaying its outstanding dues to all 14 consortium banks ahead of schedule. With interest costs expected to reduce significantly from the second half of FY27, the Company expects its net profit to have a positive impact of the same. Key Financial Highlights - Consolidated (Rs in crores) : (Rs. In Crores) Parameter Q2FY27 Q2FY26 Change Sales 1,054 825 Increase by 28% Gross Profit 325 193 Increase by 68% Operating EBITDA * 310 178 Increase by 74% Operating PBT* 295 136 Increase by 116% Operating PAT* 299 144 Increase by 107% *excludes other income Parameter H1FY27 H1FY26 Change Sales 1,932 1,550 Increase by 25% Gross Profit 585 337 Increase by 74% Operatinq EBITDA* 551 305 Increase by 81 % · Operating PBT* 518 217 Increase by 139% · Operating PAT* 512 224 Increase by 129% *excludes other income Other Key Highlights: Highlight Details Debt-free status Discharged the entire outstanding debt of its 14 consortium banks, ahead of the scheduled due dates under the settlement agreement dated September 30, 2024. The company now carries zero bank borrowings. Further, all the charges, securities, guarantees (personal as well as corporate) and undertakings provided by the Company and the personal and corporate guarantors also stand fully released. Export receivables Received remittances of about ~142 Cr from export debtors during the quarter following negotiations and resolving of issues between the company and the export debtors, marking the start of realisation of long-pending receivables. Retail expansion Plan to rollout up to 100 large-format showrooms across Tier I Tier II and Tier Ill cities over the next 12-18 months, as a mix of own as well as asset-light franchise model. The company is confident . that it will start establishing new showrooms in this financial year itself. Micro-franchise network Already executed MoU's with NSDC under the Government of through strategic India and with the Government of Uttar Pradesh under the CM partnership with YUVA scheme for onboarding of upto 2,00,000 and 1,000 ·Government under CM franchisee partners respectively under the PC Jeweller brand YUVA and NSDC which will help to expand in untapped rural and semi-urban markets located in Tier 4 and below cities where no other established brand has its presence yet, thereby giving first mover advantage to the company. New brand for GEN-Z The company is working on and planning to launch a new customers jewellery brand which will mainly focus on demi-fine / lightweight jewellery and lab-grown-diamond fine jewellery for younger and self-purchasing buyers. The lightweight jewellery and lab-grown diamond jewellery segment in India is expected to be a large opportunity. The segment typically carry materially higher gross margins ratio than traditional jewellery and it is capital efficient thereby improving inventory turns and the return on capital as the business scales. Gold n:,ining licence, PCJ Mining SARL, a step-down subsidiary of the Company, ·Chad which has been granted license for semi-mechanized artisanal mining of gold in the Republic of Chad, has commenced on-site development work and related activities during the quarter ended September 2026, a step towards backward integration into gold sourcing. Festive readiness Showrooms are positioned to meet demand through the festive and wedding season, which falls largely in the second half of the year. The Company remains committed to building a stronger, more· resilient and growth-oriented organisation. With rich experience from the past, going forward, the Company is committed to expansion of its retail footprint. Initiatives like MoU's with the Government and focus on the franchise model will help the demographic expansion. The company already caters to different market segments through its jewellery design. With launch of a new brand for youngsters, the company will further expand segment wise. This will help the company to reach a broader customer base and enhance its market presence and is aligned with the Company's future roadmap for growth and creating value for its stakeholders. Disclaimer: Certain statements this presentation concerning future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such statements. These risks and uncertainties include, but are not limited to, fiuctuations in gold and diamond prices, consumer demand, competition, changes in government policies and regulations, and general economic conditions in India and overseas. PC Jeweller Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. ~O\ AH P N & ASSOCIATES Chartered Accountants IN DIA Independent Auditor's Review Report on Unau [Showing first 8,000 characters — download PDF for full document]