Outcome of Board Meeting

Date: October 31, 2026 To, To, The Compliance Manager The Manager Listing Department Listing and Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai - 400051 Scrip Code: 544899 Scrip Symbol: PRIORITY Subject: Outcome of Meeting of the Board of Directors of the Company held today i.e. Saturday, October 31, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e. on Saturday, October 31, 2026, has inter alia, considered and approved the following matters: 1) The Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026. In terms of the provisions of Regulation 33 of the Listing Regulations, we are enclosing the following documents: a. Un-Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026. b. Statement of Assets and Liabilities as at September 30, 2026; c. Cash Flow Statement for the half year ended September 30, 2026; and d. Limited Review Report on the said Unaudited Un-Audited Financial Results (Standalone and Consolidated) received from the Statutory Auditors of the Company. 2) Ratification of ‘Priority Jewels Limited- Employees Stock Option Plan 2025’ (PJL ESOP - 2025) of the Company, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting. 3) Ratification of extension of ‘Priority Jewels Limited – Employees Stock Option Plan 2025” (“PJL ESOP - 2025”) to the employees of Subsidiary Company (ies) and/ or Associate Company(ies), Holding Company(ies), of the Company, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting. 4) Approval of notice for calling of 19th Annual General Meeting (AGM) of the Company for the financial year ended on March 31, 2026. Priority Jewels Limited Regd. Office: Plot No. 121, Street No. 15/18, MIDC, Andheri (E), Mumbai – 400 093 Phone: (022) 67679898 / 2838 1818, Fax: (022) 2838 1616 CIN # L52393MH2007PLC174977 Website: www.priorityjewels.in E-mail: saurabh@priorityindia.com The financial results shall be made available on the website of the Company viz. www.priorityjewels.in. The same shall be treated as compliance with Regulations 46 of the SEBI Listing Regulations. The ensuing AGM of the Company shall be convened in accordance with circulars issued by the relevant authorities, and the details thereof shall be intimated separately. The Meeting of the Board of Directors commenced at 05:50 p.m. and concluded at 08:00 p.m. Kindly take the same on record. Thanking you, Yours Faithfully, For Priority Jewels Limited Aakriti Bhushan Company Secretary and Compliance Officer Membership No. A67952 Encl: A/a Priority Jewels Limited Regd. Office: Plot No. 121, Street No. 15/18, MIDC, Andheri (E), Mumbai – 400 093 Phone: (022) 67679898 / 2838 1818, Fax: (022) 2838 1616 CIN # L52393MH2007PLC174977 Website: www.priorityjewels.in E-mail: saurabh@priorityindia.com Dr. CA Mayur B. Nayak | CA Sanket Narolkar CA Uday Padia M B NAYAK & CO. Vargopaie | OISR | i heA INDIA" CHARTERED ACCOUNTANTS Independent auditor’s review report on unaudited consolidated financial results of Priority Jewels Limited for the quarter ended September 30, 2026, and year to date results for the period from April 01, 2026, to September 30, 2026, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors, Priority Jewels Limited Mumbai. 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Priority Jewels Limited (the “Parent”) and its subsidiaries the Parent and its subsidiaries together referred to as the “Group”), and its share of the net (loss) after tax and total comprehensive (loss) of its associate for the quarter ended September 30, 2026 and year to date results for the period from April 01, 2026 to September 30, 2026 (the ‘Statement’), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This Statement, which is the responsibility of the Parent Company’s management and approved by the Parent Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 (‘the Act’), and other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified-i audit. Accordingly, we do not express an audit opinion. Head Office : 502-A, Vertex Vikas, Sir M. V. Road, Near Andheri Metro Station, Andheri (East), Mumbai - 400 069 Tel.: 022-6770 5333 / 6770 5444 E-mail : mayur@mayurnayak.com Website : www.mayurnayak.com Branch : Office No. 302, 3rd Floor, “Anant Spaces”, Opposite East west Flyover, Virar - West, Palghar - 401303, We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. . The Statement includes the results of following entities: Name of the entity Relationship Priority Jewels Limited Self Venice Dia Jewel Private Limited Subsidiary Company Acura Jewels Private Limited Subsidiary Company Bombay Carats.Com Private Limited | Wholly Owned Subsidiary Company Brillix Private Limited Associate Company . Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. . Other matter a) The Parent company has three subsidiaries. We did not review the interim financial information/financial results of two subsidiaries included in the unaudited consolidated financial results named Venice Dia Jewel Private Limited and Acura Jewels Private Limited, whose financial information /financial results reflect as under: <This space is intentionally left blank> Amounts i [Showing first 8,000 characters — download PDF for full document]