Analysts/Institutional Investor Meet/Con. Call Updates

ll Shree Shankeshwar Parshwanathay Namah Il ® Google Play Tel.: 91-22-23470009 / 91-22-23470008 Office No. 12, 3rd Floor, 101, Mumbadevi Diamond Premises Co-op. Soc. Ltd., Zaveri Bazar, Jewellers Ltd. Mumbai - 400 002. MAHARASHTRA, INDIA. e CIN No.: U36910MH2005PLC154679 Formerly Known as Website : www.shankeshjewellers.com e Email : shankjewel@gmail.com, info@shankeshjewellers.com Shankesh Jewellers pvt. Itd. Date: September 17, 2026 To, TO, Listing/Compliance Department Listing/Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G-Block, Bandra-Kurla Complex, Mumbai —- 400001 Bandra (E), Mumbai — 400051 BSE Scrip Code: 544882 NSE Symbol: SHANKESH ISIN: INELWFCO1025 Sub: Transcript of the Earnings Call held on September i1, 2026 Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please find enclosed herewith the Transcript of Earnings Call pertaining to the Financial Results for Quarter ended June 30, 2026, held on Friday, September 11, 2026. The Transcript is uploaded on the Company’s website: https://www.shankeshjewellers.com/investor-relations#investoranalyst-call Kindly take the same on your records and oblige. Thanking you, Yours truly, FOR SHANKESH JEWELLERS LIMITED (Formerly known as SHANKESH JEWELLERS PRIVATE LIMITED) SHWETA RAVANKAR COMPANY SECRETARY AND COMPLIANCE OFFICER Membership No: A68236 “Shankesh Jewellers Limited Q1 FY27 Earnings Conference Call” September 11, 2026 MANAGEMENT: MR. MANOJ KANTILAL JAIN – MANAGING DIRECTOR – SHANKESH JEWELLERS LIMITED MR. MAHAVIR KANTILAL JAIN – WHOLE-TIME DIRECTOR – SHANKESH JEWELLERS LIMITED MR. SUNIL JAIN – CHIEF STRATEGIC OFFICER – SHANKESH JEWELLERS LIMITED MODERATOR: MR. SUYASH SAMANT – STELLAR INVESTOR RELATIONS ADVISORS PRIVATE LIMITED Page 1 of 24 Shankesh Jewellers Limited September 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Shankesh Jewellers Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Suyash Samant from Stellar Investor Relations Advisors. Thank you, and over to you. Suyash Samant: Thank you. Good morning, everyone, and thank you for joining us today. We have with us today the senior management team of Shankesh Jewellers Limited, Mr. Manoj Kantilal Jain, Managing Director; Mahavir Kantilal Jain, Whole-Time Director; and Sunil Jain, Chief Strategic Officer, who will represent Shankesh Jewellers Limited on the call. The management will be sharing the key operating and financial highlights for the quarter ended 30th June 2026, followed by a question-and-answer session. Please note, this call may contain some of the forward-looking statements, which are completely based upon the company's beliefs, opinions, and expectations as of today. These statements are not a guarantee of the company's future performance and involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. I now hand over the conference to Mr. Mahavir Kantilal Jain. Thank you, and over to you, sir. Mahavir Kantilal Jain: Thank you, Suyash. Good morning, everyone. Thank you for joining us for the maiden earnings call for Shankesh Jewellers Limited. It is a privilege for us to address the investor community for the first time following our listing, and we are pleased to have this opportunity to introduce Shankesh, our business, our journey so far, and the opportunity we see ahead. For us, this is not simply the beginning of our journey as a listed company, it is the beginning of a new chapter in the journey that started more than three decades ago. Shankesh Jewellers was established in 1992 with a simple focus to build a business around high-quality, handcrafted gold jewellery and strong, enduring relationships. Over the years, that foundation has evolved into a scaled jewellery platform serving customers nationwide. Today, we offer a broad portfolio of handcrafted 22 karat and 18 karat gold jewellery across categories including bangles, wedding necklaces, chokers, rings, earrings, other traditional and contemporary designs. What has remained constant through this journey is our focus on craftsmanship, customer relationships, and execution. Jewellery, particularly bridal and occasion wear, is fundamentally different from the standard manufactured product. It carries an emotional and cultural significance, and customers often look for intricate designs, customization, personalization, and consistency in quality. Page 2 of 24 Shankesh Jewellers Limited September 11, 2026 This is where handcrafted jewellery continues to have a strong and different position, giving us a competitive edge in the craftsmanship and creativity. Our business has therefore been built around combining design capabilities and customer understanding with a deep ecosystem of skilled craftsmen and karigars. At the heart of this ecosystem, network of karigars, we have built a strong network of karigars with relationships developed over long period of time. This enduring network provides us with access to skilled and experienced craftsmanship base, supports high karigar retention, and consistent quality of craftsmanship. Our asset-light model enables us to remain focused on customer requirement, design, and sourcing while leveraging our established karigar network for crafting the jewellery. The semi- finished jewellery then comes back to our team, where we undertake metal and purity checks, finishing, quality control, labeling, and final stages before the product reaches the customer. This model gives us something that is particularly important in our industry, that is flexibility. We can work with customers on specific designs and collections, cater to large and bulk requirements, and understand customized job work requirements. This combination of craftsmanship, flexibility, and asset-light execution has been one of our important foundation of our growth. The other important pillar of our business is our clientele. We have built strong relationships with leading corporate and jewellery brands through a pan-India presence, with a significant part of our business coming from corporate customers. These relationships are built around reliability, quality, timely execution, and the ability to understand and respond to customer requirements. As an organized player, our expertise, visionary approach, creativity, and innovation position us as a preferred vendor, enabling us to grow alongside our clientele. We have also seen a steady shift towards our corporate customers over the years, with the contribution to revenue increasing from 55% in financial year '24 to 64% in financial year '26, highlighting the growth, growing depth and strength of our relationship with established jewellery players. Importantly, we do not look at our customer relationship simply as transactions. Our objective is to become a long-term partner to our customers, working with them on designs, collections, and evolving requirements, and increasing our relevance as their own business grows. This is also reflected in the opportunity we see ahead. As our existing customer expand their store network and product offerings, there is an opportunity for us to increase our share in their requirements. At the same time, we can see considerable grow, scope to strengthen customer retention through co-creation of design, customized designs, consistent quality, and reliab [Showing first 8,000 characters — download PDF for full document]