Analysts/Institutional Investor Meet/Con. Call Updates

Date: 29.10.2026 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 Sub: Transcripts of Earnings Conference Call pertaining to the Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026 Dear Sir / Ma’am, Pursuant to Regulation 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR’’), copy of transcripts of the Earnings Conference Call held on Tuesday, October 27, 2026 at 4:00 p.m. (IST) pertaining to Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026, is enclosed. The transcripts of the said Earnings Conference Call are also available on the website of the Company at below link: https://cdn.jfone.jewelflow.pro/deepajewellers/investor_documents/6862- Concall_Transcript_Q2FY2027.pdf We request you to kindly acknowledge and take the above on record. Thanking You, For Deepa Jewellers Limited (Formerly ‘Deepa Jewellers Private Limited’) Vandana Modani Company Secretary and Compliance Officer M. No.: A53323 Encl: As above Deepa Jewellers Limited October 26, 2026 Deepa Jewellers Limited Q2 FY27 Earnings Conference Call October 26, 2026 Moderator: Ladies and gentlemen, good day and welcome to Deepa Jewellers Limited Q2 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 this conference call, please signal an operator by pressing “*” then “0” on your touchtone phone. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you ma'am. Purvangi Jain: Thank you. Good evening, everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Deepa Jewellers Limited. On behalf of the company, I would like to thank you all for participating in the company's Earnings Call for the 2nd Quarter and first half of the financial year 2027. Before we begin, let me mention a quick cautionary statement: Some of the statements made in today's Earnings Call may be forward looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audience caution not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's Earnings Conference Call is purely to educate and bring awareness about the company's fundamental business and financial performance for the quarter under review. Now let me introduce you to the management participating with us in today's Earnings Call. We have with us Mr. Dev Agarwal – Whole-Time Director and Mr. G. K. Srinivas – Chief Financial Officer. Without any delay, I request Mr. Dev Agarwal to start with his opening remarks. Thank you and over to you sir. Page 1 of 17 Deepa Jewellers Limited October 26, 2026 Dev Agarwal: Good evening and warm welcome to all of you to Deepa Jewellers Limited's First Ever Earnings Conference Call. We appreciate your time and participation today. This is an important milestone for us as a listed company and we look forward to engaging with the investment community and sharing our business progress, operating performance and growth priorities. To begin, I would like to provide a brief overview of our company before taking you through our operational and financial performance for the period under review. Deepa Jewellers Limited is a South India focused B2B jewellery manufacturer, with a strong presence in traditional vaddanam, which is a gold waist belt and CNC machine cut bangles. Our promoter, chairman and managing director Ashish Agarwal and our promoter and non- executive, non-independent director Seema Agarwal embarked their journey in the gem and jewellery industry in the year 2001 through a partnership firm and hold an experience of 25 years in the industry. I joined the company in 2021 and represent the next generation of leadership contributing modern business perspectives, technology-oriented thinking and contemporary strategic direction that support our ongoing growth. We primarily operate across Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Kerala with a strong presence in the Southern Indian jewellery market. We have established long-standing relationships with leading jewellery retailers including Joyalukkas, Kalyan Jewellers, Lalitha Jewellers, Bhima Jewellers and other regional jewellery chains. While revenue is concentrated in Southern India, our established retail chain relationships enable the company to access markets beyond the region and broaden our market reach across India. We believe the shift towards organized jewellery retail chains presents a significant growth opportunity for organized B2B manufacturers like us. Large retail chains increasingly seek reliable manufacturing partners who can ensure consistent product quality, design variety and timely delivery and strong inventory controls as well. Our established capabilities and customer relationship position us well to meet these evolving requirements and build long-term partnerships with organized retailers. We also benefit from our strong presence in South India which accounts for approximately 40% of India's gem and jewellery market making it the largest regional market. The region's deep-rooted cultural affinity for gold, strong wedding and festive demand, and growing penetration of organized retail provide a favorable growth environment. Page 2 of 17 Deepa Jewellers Limited October 26, 2026 Over the years, we have developed a diversified portfolio spanning 16 product categories and approximately 110 SKUs and more than 24,000 designs. Our customer base comprises approximately 373 customers including 47 jewellery retail chains. Our business is primarily focused on jewellery manufacturing complemented by job work services which represent a smaller but strategically important part of our business model. With our expertise in traditional jewellery such as vaddanam, established customer relationships and expanding manufacturing capabilities, we are very well positioned to capitalize on these opportunities and strengthen our presence in this key market. With that backdrop, now I come to operational highlights for the period under review: One of the key developments during the period was the commencement of our in-house manufacturing facility in Hyderabad in September 2026. The facility, spread across approximately 6,700 square feet, marks an important step in strengthening our internal manufacturing capabilities. We believe this addition will provide us with greater operational flexibility, support our evolving production requirements and create a stronger foundation to scale our business as we continue to expand our product portfolio and customer relationships. Another important operational highlight is the plan to open our second sales office in Chennai in the 3rd Quarter end, which is the month of December. Another important key note which the management wishes to convey to all the investors is that from 1st October onwards, both the promoters and executive directors, Ashish Agarwal and Dev Agarwal, plan to not draw any salaries from the business. This is in respect of encouraging the business profitability and long-term growth in the business. So, from the 3rd Quarter onwards, both the promoters will not be drawing any salary from the business. Coming to the operational KPIs: During t [Showing first 8,000 characters — download PDF for full document]