PC Jeweller Limited received administrative warning letters from the Securities and Exchange Board of India (SEBI) regarding the non-maintenance of a structured digital database.
The warning letters were issued to Balram Garg, Promoter and Managing Director, and Vijay Panwar, Company Secretary and Compliance Officer.
The violation pertains to the failure to maintain the required structured digital database in relation to a business update disclosed by the company for the quarter ended June 30, 2025.
Regulatory action detailsThe Securities and Exchange Board of India issued the administrative warning letters on October 30, 2026.
The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
PC Jeweller Limited received administrative warning letters from the Securities and Exchange Board of India (SEBI) regarding the non-maintenance of a structured digital database. The regulatory action targets key management personnel following a compliance breach related to unpublished price sensitive information (UPSI).
The warning letters were issued to Balram Garg, Promoter and Managing Director, and Vijay Panwar, Company Secretary and Compliance Officer. The violation pertains to the failure to maintain the required structured digital database in relation to a business update disclosed by the company for the quarter ended June 30, 2025. The company filed this disclosure with stock exchanges on July 3, 2025.
Regulatory action details
The Securities and Exchange Board of India issued the administrative warning letters on October 30, 2026. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific contravention involved UPSI related to the business update for the quarter ended June 30, 2025.
Particulars Details Authority Securities and Exchange Board of India Nature of Action Administrative warning letter Date of Receipt October 30, 2026 Violation Failure to maintain structured digital database for UPSI Financial Impact None
Mitigating factors cited
In its submission to the exchanges, the company noted that while the structured digital database was not maintained for the specific business update, internal controls were active. The trading window was closed for designated persons and their immediate relatives from July 1, 2025, until two days after the declaration of results for the quarter ended June 30, 2025. The results were declared on August 1, 2026, keeping the window closed until August 3, 2025.
The company stated that there is no quantifiable monetary impact on its financial or operational activities resulting from this regulatory communication. The disclosure was signed by Vishan Deo, Executive Director (Finance) and CFO.
