Press Release

Registered Office: Floor G-1, Plot-211/213, Raja Bahadur Goverdhanlal Bansilal Building, Kalbadevi Road, Bhuleshwar, Mumbai 400002, Maharashtra, India CIN: L36910MH2005PLC154679 Website: www.shankeshjewellers.com Email: shankjewel@gmail.com, info@shankeshjewellers.com Date: November 5, 2026 To, To, Listing/Compliance Department Listing/Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Mumbai – 400001 Bandra Kurla Complex, BSE Scrip Code: 544882 Bandra (E), Mumbai – 400051 NSE Symbol: SHANKESH ISIN: INE1WFC01025 Subject: Submission of Press Release in respect of Un-audited Financial Results for the quarter and half year ended 30th September, 2026 Further to the approval of Unaudited Financial Results for the quarter and half year ended 30th September, 2026 by the Board of Directors of the Company at its meeting held on 5th November, 2026 and submission of the same to the Stock Exchanges, we submit herewith Press Release in respect of Financial Results. This intimation is also being uploaded on the Company’s website at https://www.shankeshjewellers.com/ 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 Strong H1FY27 Performance; Revenue Grows 52% to Rs 980 Crore and PAT Rises 56% to Rs 69 Crore Mumbai, November 5, 2026: Shankesh Jewellers Limited, a manufacturer of handcrafted gold jewellery with over three decades of industry experience, reported a strong performance in H1FY27, with revenue from operations growing 52% year-on-year to Rs 980 crore. EBITDA increased 51% to Rs 97.7 crore, while PAT grew 56% to Rs 68.8 crore. The performance reflects the Company's focus on strengthening customer relationships, expanding product capabilities and leveraging its established karigar network. In Q2FY27, revenue grew 50% to ₹556.4 crore, EBITDA increased 11% to ₹36.5 crore and PAT rose 14% to ₹25.5 crore Consolidated Financial Highlights: Particulars (Rs Cr) Q2 FY27 Q2 FY27 YoY % H1 FY27 H1 FY26 YoY % Revenue from Operations 556.4 556.4 50.2% 980.0 643.7 52.2% EBITDA 36.5 36.5 11.5% 97.7 64.6 51.2% PAT 25.5 25.5 14.1% 68.8 44.0 56.4% Strong Growth Across Key Financial Parameters: • During H1FY27, gross profit increased 55% to ₹108 crore, EBITDA grew 51% to ₹97.7 crore and PAT rose 56% to ₹68.8 crore. EBITDA margin remained stable at 10%, while PAT margin improved to 7.0% from 6.8% in H1FY26. Customer Relationships Driving Business Growth: • Continue to deepen relationships with existing corporate customers by supporting their expanding retail presence and increasing wallet share. Our design capabilities, product innovation and customisation strengths across 22-karat and 18-karat jewellery enable it to cater to diverse customer requirements. • Corporate customers contributed approximately 72% of the Company's H1FY27 revenue. Its ability to co-create designs, customise collections and execute large and bulk orders remains central to strengthening customer relationships and driving repeat business. 1 | Page Shankesh Jewellers Limited Craftsmanship Supported by an Asset-Light Model: • Operations are supported by an established network of skilled karigars, with several relationships spanning 10–30 years. This network enables the execution of intricate handcrafted designs while providing flexibility to cater to varying customer requirements. • Its asset-light operating model, combined with established craftsmanship and customisation capabilities, provides a scalable framework to address demand for differentiated jewellery. Strong Outlook Supported by Festive and Wedding Demand The ongoing festive and wedding season is expected to support jewellery demand, with Dussehra and Diwali falling in Q3FY27 alongside the wedding season. We remain focused on deepening customer relationships, increasing wallet share and leveraging its product innovation and customisation capabilities. Supported by its established karigar network and flexible operating model, Shankesh Jewellers remains optimistic about the demand outlook and its ability to sustain growth momentum and create long-term value. 2 | Page Shankesh Jewellers Limited About Shankesh Jewellers Limited (CIN No. L36910MH2005PLC154679): Established in 1992, Shankesh Jewellers Limited is engaged in handcrafted gold jewellery, offering a diverse range of bridal, festive, contemporary and bespoke designs across 22-karat and 18-karat categories. The Company caters to corporate jewellery brands and non-corporate customers across India, supported by an established network of skilled karigars. The Company is listed on the NSE and BSE. To know more, visit: https://www.shankeshjewellers.com/ Disclaimer: Statements in this press release describing the Company’s performance may be “forward looking Statements” within the meaning of applicable securities laws and regulation. Actual results may differ materially from those directly or indirectly expressed, inferred, or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and / or other incidental factors. For more information, please contact Mr. Hrithik Hattiangadi| Mr. Suyash Samant Ms. Shweta Ravankar hrithik@stellar-ir.com cs@shankeshjewellers.com suyash@stellar-ir.com Contact: +91 22 6239 8024 Shankesh Jewellers Ltd Stellar IR Advisors Private Limited 3 | Page