General Updates

Date: 30.09.2026 To, To, BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, 5th Floor, Pheroze Jeejeebhoy Towers, Dalal Plot No. C/1, G Block, Street, Bandra-Kurla Complex, Mumbai – 400051 Mumbai –400001 BSE Scrip Code: 544903 NSE Symbol: DEEPA Dear Sir / Ma’am, Sub: Investor Presentation or Communication Dear Sir / Ma’am, We hereby inform you that in compliance with the applicable requirements of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), as amended, from time to time, enclosing herewith a copy of the Investor Presentation or Communication, in connection with the un-audited Financial Results of the Company for the quarter ended on June 30, 2026. In compliance with the Regulation 46 of the SEBI LODR, the aforesaid presentation will also be hosted on the website of the Company and same can be accessed at www.deepajewel.com We request you to kindly acknowledge and take the above on record. Thanking You, For Deepa Jewellers Limited Vandana Modani Company Secretary and Compliance Officer M. No.: A53323 Encl: As above Investor Presentation Q1 - FY 27 Snapshot 13 States & 1 UT 110+ Year of Presence SKUs Promoter experience 24,000+ 370+ 15+ Designs Customers In-house designer team 28% 68% Highly Skilled 3-Year Revenue CAGR 3-Year PAT CAGR Karigars Network Company Overview Incorporated in 2016 by Mr. Ashish Agarwal and Mrs. Seema Agarwal, Deepa Revenue from Operations (INR Mn) & EBITDA Margin (%) Jewellers Ltd. is an organised B2B designer, processor and supplier of hallmarked gold jewellery 19,267 Specialises in traditional gold waist belts (Vaddanam), CNC Machine cut bangles and other jewellery, with a portfolio spanning 16 product categories 13,970 and 110 SKUs 10,246 8.98% 7.59% Strong design and product development capabilities, supported by an in- house team of 15 designers and a wide design repository of 24,000+ designs, 4,311 4.01% 3.49% enabling customised offerings aligned with regional preferences and evolving customer requirements. FY24 FY25 FY26 Q1-FY27 Operates an asset-light processing model supported by external karigars, while expanding into dedicated in-house manufacturing in Hyderabad FY26 Segment Wise Revenue Breakup (%) Primarily operates across Telangana, Andhra Pradesh, Tamil Nadu, Karnataka Processing & and Kerala, with a strong presence in the Southern Indian jewellery market Manufacturing 99.00% Established long-standing relationships with leading jewellery retailers, including Joyalukkas, Kalyan Jewellers, Lalithaa Jewellery, Bhima jewellers and other regional jewellery chains Established customer network of 373 customers, comprising 47 jewellery Job Work retail chains and 326 standalone stores across 13 States and 1 Union Others 0.89% Territory 0.11% Diverse product portfolio with varied ranges, designs & specialization in Vaddanam & CNC machine cut bangles Continuously Evolving Product portfolio to meet evolving consumer demands Vaddanam CNC machine Gents kada (waist belts) cut bangles Vanky Gundlamala Kangan (armlet) Necklace Well established customer base with long-standing relationship with Jewellery retail chains & standalone stores Growing customer base anchored by high-value retail chain accounts 122 customers associated for 5+ years shows customer stickiness # No. of Customers Retail Chain Revenue % of Total % Customers split (as of July 31, 2026) 81.9% 77.3% 78.0% 76.1% Standalone 373 18 customers are Retail Chains 19,267 associated since the Revenue inception (INR mn) 4,604 13,970 326 10,246 3,074 150 9,213 2,326 1,670 158 171 14,663 86 119 10,896 7,543 7,919 31 37 35 47 FY 23 FY 24 FY 25 Jul'2026 FY 23 FY 24 FY 25 FY 26 2-4 Years 5-7 Years Above 7 Years Established customer base with long-standing relationship (Select) Jewellery Manufacturing and Processing Business Revenue from Processing & Manufacturing (INR Mn) Vaddanam (waist belts) • Traditional gold waist ornament worn by 19,074 women in South India during weddings & other auspicious occasions • A culturally significant waist ornament, driving 12,954 sustained demand through key occasions 10,104 including birth, puberty and marriage. SKUs: 13 4,246 CNC Machine Cut Bangles • Popular across both bridal and daily wear categories. Bangles and chains category have FY24 FY25 FY26 Q1-FY27 the highest share at 30-40% in the gems and jewellery industry FY26 - Revenue Mix of Processing & Manufacturing (%) • Growing preference for precision and intricate with strong traction in metros as well as Tier-2 SKUs: 18 cities CNC machine cut bangles Others • Portfolio spans bridal, festive and daily-wear use cases, with multiple SKUs and design variants (plain, carved, stone-studded, CNC, Vaddanam baby/men’s) 42% • Tailored to regional tastes and evolving Other fashion preferences Products SKUs: 79 (others) Job Work Services Provides jewellery processing services to customers using customer-supplied gold, converting raw Revenue from Job Work (INR Mn) material into ready-to-sell finished jewellery as per specified designs and requirements. Generates fee-based processing income, with the Company undertaking manufacturing activities. 151 Supports an asset-light operating model by enabling jewellery processing without requiring the Company to fund the gold inventory associated with customer-owned material. Provides flexibility to serve additional customer requirements, complementing the Company's core jewellery processing and supply business and strengthening relationships with jewellery retailers. FY24 FY25 FY26 Q1-FY27 Job Work Revenue Model Job Work Volume (Kgs) 1 2 3 4 Customer Company Processing Finished Supplies Gold Processes Charges Jewellery Gold + Design Jewellery Processing FFeeee I nInccoommee Returned to Customer Higher-margin | Asset-light Revenue represents processing / making charges (not the gold value) FY24 FY25 FY26 Q1-FY27 Higher-margin | Lower working capital | Asset-light Growth Strategy & Expansion Roadmap Setup In-House Manufacturing Facility Expand Southern India Footprint 6,696 sq ft facility at Hyderabad ▪ Established a new sales office in Vijayawada, AP ▪ Reduces karigar dependency in Nov 2025 ▪ Ensures quality consistency, ▪ Chennai, Bangalore & Coimbatore office planned. ▪ Captures manufacturing margin ▪ Targeting deeper penetration in AP, Karnataka, and Tamil Nadu — high-growth jewellery markets ↓ Cost | ↑ Margin | ↑ Reduction in Pilferage ↑ Customer reach | ↑ Market share Technology & Brand Investment Product Portfolio Diversification Expanding into new categories: ▪ Leveraging mobile app, WhatsApp business catalog, Instagram/Facebook for trade outreach ▪ Comprehensive range of Gold & studded jewellery ▪ B2B jewellery exhibitions participation for brand ▪ Paper casting jewellery and Nakshi, Kundan jewellery visibility ▪ Increase the strength of design team from 15 to 20 ▪ Introduction of gold recovery mechanism in the employees proposed manufacturing facility for reduced costing and higher profitability Financial Overview Financial & Operational Highlights Q1-FY27 Operational Highlights Financial Performance • Q1 FY2027 revenue grew 39% YoY, reflecting strong underlying business momentum, while the slight QoQ moderation was primarily attributable to the seasonal nature of the jewellery industry. • Gross margins remained stable YoY, supported by consistent Revenue from EBITDA EBITDA Margins pricing discipline and operational efficiency. Operations • EBITDA margin declined by 34 bps, primarily due to higher INR 4,311 Mn INR 387 Mn 8.98% employee costs incurred towards hiring Karigars for new 39.0% YoY 33.9% Bps (34) Bps manufacturing facility. • Higher finance costs were primarily due to increased working capital utilisation to support inventory requirements for the newly opened Vijayawada sales office, newly commenced Hyderabad manufacturing facility and Registered Office. • PAT grew 27% YoY, despite a 58 bps con [Showing first 8,000 characters — download PDF for full document]