Investor Presentation for quarter and half year ended September 30, 2026.

October 28, 2026 The Corporate Relationship Department, BSE Limited 1st Floor, PJ Towers, Dalal Street, Mumbai 400 001 Ref: BSE Scrip Code – 543709 Ref: Symbol – GARGI Sub: Submission of Investor Presentation Dear Sir/ Madam, Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation for the quarter and half year ended September 30, 2026. Presentation is also being made available on the Company’s website https://www.gargibypng.com/ . Kindly take this on your records please. Yours sincerely, For PNGS Gargi Fashion Jewellery Limited Hiranyamai Deshpande Company Secretary & Compliance Officer PNGS Gargi Fashion Jewellery Ltd Investor Presentation – Q2 & H1FY27 Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNGS Gargi Fashion Jewellery Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. All product names, logos, and brands are property of their respective owners. All company; product and service names used in this presentation are for identification purposes only. Use of these names, logos, and brands does not imply endorsement. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guaranteeing of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. Table of Contents Q2 & H1FY27 Performance Company Overview Annexure From Legacy to Lifestyle – PNGS Gargi at a Glance Gargi blends the trusted 194+ year heritage of P. N. Gadgil & Sons Ltd. with a next-generation vision to redefine affordable fashion jewellery for modern consumers. Backed by a strong presence in Maharashtra, the company is scaling its footprint across India and strengthening its position as a leading fashion jewellery brand. 141* 54* 36* 51* Point of Sales EBOs SIS with Parent SIS with Shoppers Stop and Other Third Party 21.44% 19 60 67 EBO Sales States Cities Employees contribution in H1FY27 * Stores as on date (6 POS added post Q2FY27) Q2 & H1FY27 Performance Message from the Management We are pleased to report a healthy second quarter, with Revenue from Operations growing ~16% YoY to Rs 540 Mn in Q2FY27, reflecting the strength of our brand, disciplined execution, and the continued expansion of our retail network. Q2 typically remains a pre-festive planning period, with consumers conserving cash ahead of the key buying season. Our retail-led strategy continues to deliver encouraging results, with EBO sales contribution increasing to 21.44% in H1FY27, demonstrating the growing contribution of our Exclusive Brand Outlets. We remain focused on expanding our EBO footprint, strengthening brand visibility, and enhancing store productivity to drive sustainable growth. Looking ahead, demand is expected to gain momentum in Q3 and Q4, supported by the wedding season, Dussehra and Diwali festive season as well as year-end celebrations. We remain committed to executing our growth strategy with discipline and creating sustainable long-term value for our shareholders. Key Highlights Revenue From Operations (Rs Mn) Gross Profit (Rs Mn) 16% 14% 17% 16% Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 PAT (Rs Mn) EBITDA (Rs Mn) 8% 4% 4% 1% 156 158 194 200 130 141 103 107 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Profit and Loss Particulars (Rs Mn) Q2FY27 Q2FY26 YoY (%) Q1FY27 QoQ (%) H1FY27 H1FY26 YoY (%) Net Revenue from Operations 540.0 464.5 16.3% 302.2 78.7% 842.1 737.6 14.2% COGS 320.7 276.4 174.6 495.4 438.5 Gross Profit 219.2 188.0 16.6% 127.5 71.9% 346.8 299.1 15.9% Gross Profit Margin (%) 40.6% 40.5% 12 bps 42.2% -160 bps 41.2% 40.5% 63 bps Employee Expenses 11.1 7.4 10.4 21.5 14.2 Other expenses 67.4 50.5 57.5 124.9 91.3 EBITDA 140.7 130.1 8.1% 59.7 135.6% 200.4 193.6 3.5% EBITDA Margin (%) 26.1% 28.0% -196 bps 19.8% 630 bps 23.8% 26.2% -245 bps Other Income 15.7 12.8 18.8 34.5 24.9 Finance cost 3.5 1.8 3.1 6.7 3.2 Depreciation 8.9 3.7 7.5 16.5 6.4 Exceptional Items 0.0 0.0 0.0 0.0 0.0 PBT 143.9 137.4 4.7% 67.9 112.0% 211.7 208.8 1.4% Taxes 36.7 34.7 17.4 54.1 52.9 Reported PAT 107.2 102.7 4.3% 50.5 112.3% 157.7 155.9 1.2% PAT Margin (%) 19.9% 22.1% -227 bps 16.7% 314 bps 18.7% 21.1% -241 bps Diluted EPS (Rs per share) 10.2 9.9 4.8 15.1 15.0 Balance Sheet Liabilities (Rs Mn) Sep-26 Mar-26 Assets (Rs Mn) Sep-26 Mar-26 Share Capital 104.7 104.7 PPE & Intangible Assets 70.4 53.0 Reserves & Surplus 1472.3 1314.3 Other Intangible Assets 3.7 3.9 Shareholders' Funds 1,577.0 1,419.0 Capital WIP 1.9 0.9 Long Term Borrowings 0.0 0.0 Financial Assets 27.8 31.0 Long Term Provisions 4.8 4.5 Other Non-Current Assets 129.2 86.2 Other Non-Current Liabilities 178.0 148.7 Total Non-Current Assets 233.1 175.1 Total Non-Current Liabilities 182.8 153.2 Inventories 739.5 482.4 ST Borrowings 1.7 0.0 Trade Receivables 297.7 136.3 Trades Payable 331.7 62.5 Cash and Cash equivalents 780.9 727.5 Other Current Liabilities 71.1 38.7 Other Financial Assets 12.3 77.7 Short Term Provisions 2.8 1.2 Other Current Assets 103.6 75.6 Total Current Liabilities 407.4 102.4 Total Current Assets 1,934.1 1,499.6 Total Liabilities 2,167.2 1,674.6 Total Assets 2,167.2 1,674.6 Cash Flow Particulars (Rs Mn) Sep-26 Mar-26 Net Profit before Tax and Extraordinary items 211.7 423.8 Adjustments for: Non-Cash Items / Other Investment or Financial Items -7.6 -28.1 Operating profit before working capital changes 204.2 395.7 Changes in working capital -105.2 -168.4 Cash generated from Operations 99.0 227.3 Direct taxes paid (net of refund) -29.7 -117.0 Net Cash from Operating Activities 69.3 110.3 Net Cash from Investing Activities -52.2 -401.4 Net Cash from Financing Activities -23.9 101.0 Net Decrease/Increase in Cash and Cash equivalents -6. 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