Annual Report 2025-26

eIC/ \J C Registered Office: 38/227-Z, Inkel Greens Edu City Karathode-Konampara Road Jewel Manufacturers Ltd. Panakkad Village, Pattarkadavu (Formerly Known as AJC Jewel Manufacturers Pvt Ltd) Malappuram, Ernad, Kerala, India -676519 Ref : AJC/BSE/16/2026-27 Date: 04-09-2026 The Manager, DCS BSE Ltd. 15t Floor, P) Towers, Dalal Street Mumbai-400001 Ref: BSE Scrip Code —544425 Sub: Submission of Annual Report for FY 2025-26 of the Company Dear Sir/ Madam, In terms of Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Annual Report for Financial Year 2025-26. The Annual Report along with the Notice of the 8" Annual General Meeting to be held on Tuesday, 29t September 2026 through VC/OAVM mode; is being sent to all those Members whose names were appearing in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on Friday, 28 August ,2026. The Company will upload the Annual Report for FY 2025-26 on its website www.ajcjewel.com after this submission. This is for your information and records please. Thanking You, For AJCJEWEL MANUFACTURERS LIMITED Reshmi N K Company Secretary and Compliance Officer Membership No: A27800 © +919567916106 X info@ajcjewel.com @ www.ajcjewel.com The Ecosystem of Excellence Annual Report 2025 - 26 AJC Jewel Manufacturers Ltd. | Annual Report 2025-26 The Ecosystem of Excellence Jewellery manufacturing is built on many elements working together. A design may begin with an idea, but bringing it to life requires customer understanding, skilled craftsmanship, disciplined sourcing, precision, technology, quality control and timely delivery. The value of the final product depends on the strength of the system behind it. At AJC Jewel Manufacturers Limited, this way of working has evolved over more than two decades of industry experience. What began with an understanding of jewellery retail has grown into an integrated manufacturing platform serving established jewellery chains, corporate customers and independent jewellers. Today, design works alongside modern manufacturing. Traditional craftsmanship is supported by casting, 3D printing, CNC cutting and engraving. Customer relationships influence product development, while a digital B2B platform connects customers to our growing design universe. Each part strengthens the other. This is the ecosystem we continue to build. One where scale complements flexibility, technology supports craftsmanship and growth builds on the manufacturing foundations developed over the years. Design Manufacturing Technology Relationships gives us gives us gives us give us relevance. precision. possibilities. reach. Together, they Create our Ecosystem of Excellence. Corporate Overview | Statutory Report | Financial Statements Across the Pages Corporate Overview Manufacturing Jewellery, Building Partnerships 3 From Enterprise To Ecosystem 5 The Ecosystem In Motion 7 A Portfolio Designed For Opportunity 9 One Manufacturing Foundation, Multiple Expressions 10 Building An Institution Around Our Craft 13 Performance With Purpose 15 Building The Next Growth Curve 17 Leadership For The Next Chapter 19 Corporate Information 21 AGM Notice 22 Statutory Reports Board’s Report 39 Management Discussion & Analysis Report 54 Financial Statements Standalone Financial Statements 61 Consolidated Financial Statements 105 Forward-Looking Statement This document contains statements about expected future events and the financial performance of AJC Jewel Manufacturers Limited Investor Information (AJC Jewel) which are forward-looking in nature. By their nature, such statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is a significant risk that assumptions, predictions and other forward-looking CIN: L93090KL2018PLC052621 statements may not prove accurate. Readers are cautioned against placing undue reliance on them, as several factors could cause BSE-SME Code: 544425 assumptions and actual outcomes to differ materially from those expressed. This document is accordingly qualified in its entirety by the assumptions, qualifications and risk factors referred to in the Management Discussion and Analysis section of this Annual Report. For more investor-related information, please visit www.ajcjewel.com AJC Jewel Manufacturers Ltd. | Annual Report 2025-26 Manufacturing Jewellery, Building Partnerships AJC Jewel Manufacturers Limited is a Kerala-based jewellery manufacturer with an established presence in the B2B gold jewellery market. Our Company designs and manufactures jewellery across plain gold, studded, customised and other design-led categories, primarily in 22K and 18K gold. Our operations are supported by an integrated manufacturing facility in Malappuram, Kerala, combining design development, casting, moulding, finishing and quality processes. Over the years, we have progressively added newer technologies while retaining its traditional manufacturing strengths. Our Company serves large jewellery retailers, corporate customers, distributors and independent jewellery stores. Our business model combines manufacturing scale for larger customers with the flexibility to address lower-volume and customised requirements. Our digital B2B platform further connects customers with its design and manufacturing capabilities. This journey we have had reflects an evolution from understanding jewellery at the retail counter to creating it at manufacturing scale. Vision: To be the leading gold jewellery manufacturer globally, known for our exquisite craftsmanship, exceptional quality and timeless designs that enhance the beauty and elegance of every individual. Mission: Our mission is to create and deliver exceptional gold jewellery pieces that surpass our customer's expectations, reflecting their unique style and personality. We strive to achieve this by combining traditional craftsmanship with innovative techniques, using the finest materials and ethical practices. We are committed to providing outstanding customer service, building long lasting relationships and continuously evolving to meet the ever changing demands of the jewellery industry. Corporate Overview | Statutory Report | Financial Statements Design Responsiveness Continuously developing new designs and customised solutions. Manufacturing a t ing Phil Quality Focus Discipline e o O o Embedding quality Maintaining p checks through the consistency across ur h production cycle. production and y finishing. Customer Responsible Understanding Growth Responding to Expanding changing capabilities and requirements markets with across design, operational and weight, price point financial and order size. discipline. AJC Jewel Manufacturers Ltd. | Annual Report 2025-26 From Enterprise To Ecosystem A journey built one capability at a time Our journey reflects the evolution of a business that began by understanding jewellery at the point of sale and steadily moved closer to where value is created. Customer insight became manufacturing strength, manufacturing expanded into design and technology, and each new capability widened our reach. Today, these strengths come together as one connected platform, marking AJC’s transition from an enterprise built around jewellery to an ecosystem built for opportunity. Milestones: 1999 Understanding the Customer Mr. Kunhimohamed Perinkadakkat established a jewellery retail 2014 business in Vengara, Kerala, creating the foundation of the family’s industry experience. Entering Manufacturing The family moved into gold jewellery manufacturing through Vismaya Gold. 2018 Building an Institution Company was incorporated 2021 and manufacturing operations were expanded Certifications in Malappuram. IS 1417:2016 certified for selling Gold and Gold Alloys, Jewellery/Artefacts - Fineness and Marking with Hallmark 2022 New product initiated Company commenced production of 18 K Rose Gold Jewellery. [Showing first 8,000 characters — download PDF for full document]