Investor presentation Q1 2026 - Announcement under Regulation 30 LODR

AJC JEWEL MANUFACTURERS LTD Crafting trust, Forging the future. Q1 FY27 Investor Presentation Q1FY27 Progress & Key Initiatives Manufacturing & Operations Business Growth Innovation & Future Pipeline Manufacturing Capability Customer Base Expansion Esthara Silver Retail 3D printing, advanced casting, and CNC Onboarded Kalyan Jewellers and Chemmanur Launched a silver retail brand in Thrissur, cutting & engraving deployed, improving Gold as corporate clients, In Q1 FY27 added Kerala, In Q1FY7 opened 2 stores in Thrissur & production efficiency, reducing precious metal 12 independent jewellery retailers, further Chemmad, and 4 additional stores are under losses, and enabling entry into new product diversifying customer concentration risk. fit-out. Targeting revenue of ~₹20 lakh per and design categories. month per store at maturity and PAT margins of 10–13%. Silver Jewellery Division Focus: Customised & Lower-Carat Sharjah Acquisition & IIBX Overseas acquisition in Sharjah is expected to be Established a dedicated silver manufacturing Increased focus on customised, low-MOQ completed in H1 FY27, has been delayed due to facility with a capacity of ~5 kg/day, jewellery to enhance value addition and ongoing geopolitical tensions, while IIBX Qualified supporting the Esthara retail business and margin retention, alongside a strategic shift Jeweller onboarding is in progress to enhance creating new B2B silver revenue streams. toward lower-carat categories to improve profitability. bullion sourcing and strengthen export competitiveness. Design Ecosystem Digital & R&D Upgraded the B2B digital portal and ERP Library of 2.5 lakh+ designs; 5,000 platform, and established a dedicated Design new designs added monthly — one of & Innovation Centre with specialised India's largest jewellery design designers to accelerate new product repositories. development. Investor Presentation AJC at a glance A leading Kerala-based gold jewellery manufacturer specializing in high-quality, design-led products for the B2B market. Deep Legacy: Evolved from a family-run retail business started in 1999, with a manufacturing heritage since 2014. Integrated Operations: A large-scale manufacturing facility in Malappuram, equipped with modern casting, moulding, and design technology. Proven B2B Model: A digital-first platform serving renowned jewellery retailers, corporates, and a large network of independent jewellers. Design Excellence: A strong in-house design team focused on innovation and high-quality, customized products. Investor Presentation Investment Thesis 1. Defensible & 2. Scalable, Technology- 3. Clear, Capital-Efficient Underserved Market Enabled Platform Growth Roadmap Niche A proprietary B2B digital portal • Successfully serves two distinct • Recent IPO has funded a multi- that streamlines the entire order- markets: marquee national pronged growth strategy. to-delivery process. chains and a long-tail of • Capital is being deployed to de- Operations are backed by a independent jewellers. leverage the balance sheet, modern, scalable manufacturing Access to a vast design library expand manufacturing with facility, enabling high precision of 2.5 Lakhs designs and low new CNC technology, and and an exceptionally lean working minimum quantity (MOQ) execute a phased domestic & capital cycle. custom orders. international expansion. Investor Presentation Our Journey: From Retail to Regional Leader 2024 2025 1999 2014 2022 2018 Public Listing The Beginning Our founder, Mr. Manufacturing Successfully listed in UAE Kunhimohamed Entering on the BSE SME Manufacturing Perinkadakkat, platform, marking a Established a establishes a small new chapter of Under the name Incorporation & Global Footprint dedicated retail jewellery store, Expansion growth and public 'Vismaya Gold', the manufacturing laying the foundation of trust. family ventures The business is formally Successfully initiated facility in the UAE to trust and industry into gold jewellery incorporated and exports to the UAE, better serve the knowledge. manufacturing to expands into a modern, establishing an international market. meet growing large-scale factory at international demand for Inkel Industrial Park, presence and a new quality products. significantly boosting revenue stream. Investor Presentation production capacity. The Leadership Team Mr. Kunhimohamed Ms. Fathima Jasna Mr. Ashraf P Kottekkattu Perinkadakkat Founder Chairman & MD Promoter With 14 years of industry A visionary with 20+ years of A key promoter of the experience, Mr. Ashraf has been experience in the jewellery company, involved in guiding instrumental in scaling the retail sector. His deep its strategic direction and manufacturing operations. He understanding of customer corporate governance. spearheads the company's preferences and market strategic vision, operational dynamics continues to guide excellence, and international the company's philosophy. expansion. Investor Presentation Business Model & Value Proposition We solve critical pain points for the entire jewellery retail spectrum through a hybrid B2B model. Core Business Model Our Unique Value Proposition B2B Manufacturing: We design and For Large Corporates: We are a trusted manufacture a wide range of 22K and 18K manufacturing partner with high-volume casting jewellery (plain, studded, rose gold). capability and quality control. For Independent Jewellers: An indispensable Targeted Wholesale: We also serve corporates partner providing: and distributors through direct, high-touch relationships. Product Range: Anklet, Bangle, Bracelet, Earring, Necklace, Nose Ring, Pendant, Digital-First Sales: Our B2B portal provides a Custom Name Jewellery seamless ordering platform for our partners. Customization & Flexibility: The ability to accept and process single or low-quantity custom orders. Speed & Efficiency: A rapid production cycle that enables retailers to manage inventory effectively. Investor Presentation Our Product & Design Spectrum From timeless traditional casting to high precision modern designs 1. Traditional Casting 4. CNC Machined Jewellery 2. Studded Jewellery 3. Bespoke & Custom Orders (Core Business) (New Category) • High-volume, intricate plain • Designs incorporating high- • Leveraging our 15-member • A new, high-growth, high- gold jewellery. quality stones. design team to create unique margin category. • Represents the foundation of • A key category for our pieces from scratch. • Offers high-precision, sharp, our B2B portal's volume. corporate and retail partners. • Our key differentiator for the and modern aesthetics that 300+ independent jewellers. casting cannot replicate. Investor Presentation International Gateway: Sharjah Operations Strategic Rationale Manufacturing Hub: Serving Customers based out at GCC; Base to serve the Middle East market directly, reducing lead times for international clients Supply Chain Optimization: Direct access to global bullion markets reduces lead times and mitigates domestic regulatory volatility. Fiscal & Competitive Advantages (Sharjah Airport Free Zone) Tax Efficiency: Benefits from 0% Corporate Tax and 0% Personal Income Tax, maximizing net profitability. Cost Leadership: Operates with zero import/export duties and significantly lower operating costs compared to other UAE free zones. Operational Capacity Current Status: Fully operational facility. Roadmap: Current utilization at ~30% providing ample headroom for increase in production. Investor Presentation Esthara Jewels: Silver Vertical Product Definition: Affordable Luxury Dual Portfolio: Offering 925 Sterling Silver (Rhodium plated for finish) and Gold- Plated Silver (92.5% Silver base). Quality Assurance: Utilizing 2.5 Micron Gold Plating to ensure durability and long- lasting finish. Market Fit: Targeted at Gen-Z for daily wear and party wear, offering a stylish, affordable alternative. Strategic Business Model (D2C) Direct-to-Consumer: Unlike the core B2B gold business, this ver [Showing first 8,000 characters — download PDF for full document]