Transcript of the Earnings Call with Investors and/or Analysts held on July 29, 2026 is enclosed herewith.

August 4, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai 400 001 Mumbai – 400 051 Ref: BSE Scrip Code – 544718 Ref: Symbol – PNGSREVA Sub: Transcript of the Earnings Call with Investors and/ or Analysts held on July 29, 2026 Dear Sir/ Madam, Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please find enclosed herewith the Transcript of Earnings Call held on Wednesday, July 29, 2026. The Transcript along with the audio recording is uploaded on the Company’s website. https://revabypng.com/investor-analyst-call Kindly take this on your records please. Yours sincerely, For PNGS Reva Diamond Jewellery Limited Kirti Vaidya Company Secretary & Compliance Officer ICSI M. No. A31430 “PNGS Reva Diamond Jewellery Limited Q1 FY27 Earnings Conference Call” July 29, 2026 MANAGEMENT: MR. AMIT MODAK – WHOLE TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER – PNGS REVA DIAMOND JEWELLERY LIMITED MR. ADITYA MODAK – NON-EXECUTIVE DIRECTOR – PNGS REVA DIAMOND JEWELLERY LIMITED MODERATOR: MR. SUYASH SAMANT – STELLAR INVESTOR RELATIONS ADVISORS Page 1 of 15 PNGS Reva Diamond Jewellery Limited July 29, 2026 Moderator: Ladies and gentlemen, good day and welcome to the PNGS Reva Diamond Jewellery Limited Q1 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 the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Suyash Samant from Stellar Investor Relations Advisors. Thank you and over to you, sir. Suyash Samant: Thank you. Good afternoon everyone and thank you for joining us today. We have with us today the senior management team of PNGS Reva Diamond Jewellery Limited, Mr. Amit Modak, Whole-time Director and Chief Executive Officer, and Mr. Aditya Modak, Non-Executive Director, who will represent PNGS Reva Diamond Jewellery Limited on the call. The management will be sharing the key operating and financial highlights for the quarter ended 30th June 2026 followed by a question-and-answer session. Please note, this call may contain some of the forward-looking statements which are completely based upon the company's beliefs, opinions, and expectations as of today. These statements are not a guarantee of the company's future performance and involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statement to reflect developments that occur after the statement is made. I now hand over the conference to Mr. Amit Modak. Thank you and over to you, sir. Amit Modak: It's almost 4:30 past, so I will say good afternoon and good evening both the things. I myself is not doing well as a health thing, there is a fever and cold, but still I feel that I must join this call because the results were reasonably well good as far as I personally think. It is a investor to take the call about it. The company is on track, company is showing growth as it is perceived at the time of the getting separated the business, creating a brand and it is working well. The studded jewellery market is growing and our performance, I personally think that whatever is expressed here is a opinion or the expectation of the company and its management. Investor should take due care before making any decision on their own. Thank you and I now request Aditya Modak to continue on the behalf of company and I am extremely sorry that I could not continue the speaking because of my throat is not keeping well, health is not keeping well. Thank you, thank you for listening. Aditya Modak: Thank you, sir. So, good afternoon everyone and thank you for joining us today. Our investor presentation has been uploaded on the company's website and on stock exchanges and I hope you have had chance to go through it. Just a quick note that today's call will be limited for 45 minutes due to time constraint. Page 2 of 15 PNGS Reva Diamond Jewellery Limited July 29, 2026 If we are unable to address all of your questions during the session, please feel free to reach out to Stellar IR Advisor or send us a mail and we will be happy to respond to your queries. We are pleased to begin the year on a strong note, delivering another quarter of robust growth. Our performance reflects the continued strength in our brand, healthy consumer demand, disciplined execution, and successful implementation of our growth strategy across all the formats. More importantly, this marks our second consecutive quarter of delivering over 100% year-on-year revenue growth, reinforcing our confidence in long-term scalability of our business, the momentum and the execution capabilities which we have built over the past few quarters. While market potential creates opportunities, it is our team's ability to capitalize on them through focused execution that drives our growth. We are proud of our team's dedication and agility which have enabled company to translate these opportunities into strong revenue growth. Let me begin by sharing some of the operational highlights for the quarter. Our inventory turns stood at 1.29x during the quarter one of FY27, which is in line with the industry's accepted range for diamond which is between 0.75x to 1.5x. As we expand our store network and increase inventory, we remain confident of maintaining a healthy inventory turnover through our disciplined inventory management. Further, addition to that our average order value also remains around INR1 lakh for the quarter Q1 of ‘27. These operational improvements translated into another quarter of strong financial performance. During the quarter, revenue from operations stood at INR118 crores registering robust 119.5% year-on-year growth, driven largely by higher volumes in terms of diamond caratage and highlighting the strength of our core diamond jewellery business. The gross profit for the quarter stood at INR41.83 crores, reflecting the growth of 147.25% Y- o-Y with gross margins of 35.46%. The EBITDA stood at INR33.92 crores, recording a growth of 192.88% Y-o-Y, while EBITDA margins stood at 28.76%. The PAT stood at INR27.21 crores, growing it by 265% Y-o-Y with PAT margins at 23.06%. The strong financial performance was supported by healthy consumer demand across our market, driven by festive buying during Akshaya Tritiya and healthy sales during the monsoon festival season. During Akshaya Tritiya alone, we recorded revenue of INR12.7 crores compared to INR3.5 crores in corresponding period last year, reflecting a robust 268% year-on-year growth. This continued traction highlights the increasing customers' preference for certified natural diamond jewellery and growing acceptance of Reva Diamond. Our marketing spend in Q1 FY’27 remained relatively modest, reflecting seasonal nature of our business. Historically, demand and consumer acquisition opportunities are significantly stronger from the end of Q2 through Q4 and accordingly our marketing budget is planned to be deployed over the upcoming quarter rather than incurring upfront in Q1. Page 3 of 15 PNGS Reva Diamond Jewellery Limited July 29, 2026 While this phased approach is expected to support growth during the stronger operational period, it also means that profitability in coming quarters may see a limited impact to the extent of planned marketing spends. To support our long-term growth strategy and capitalize on healthy demand environment, we continue expanding our retail footprint with a launch of new COCO store at Amanora Mall, Pune on 7th of July, taking our total network to 37 stores comprising three COCO stores [Showing first 8,000 characters — download PDF for full document]