Rathod Jewellery Manufacturing Limited

• Funding incremental working capital requirements of our Company
• Repayment and/or pre-payment, in full or in part, of borrowing availed by our Company
• General corporate purposes

Except as disclosed in this section, as on the date of this Draft Red Herring Prospectus, there are no outstanding (i) criminal proceedings (including matters which are at first information report stage irrespective of any cognizance taken by any court or not); (ii) actions taken by regulatory authorities and statutory authorities, including notices by such authorities and any findings/observations or warning letters of any of the inspections by SEBI or any other regulatory authority; (iii) claims related to direct and indirect tax matters (disclosed in a consolidated manner) giving the number of cases and total amount involved in such case; and (iv) other pending litigation (including civil and/or arbitration proceedings) as determined to be material pursuant to the Materiality Policy, in each case involving our Company, Promoters and Directors ("Relevant Parties"). Further, there are no outstanding (a) criminal proceedings (including matters which are at FIR stage where no/some cognizance has been taken by any court or any other judicial authority) involving the Key Management Personnel and members of the Senior Management; and (b) actions (including all outstanding penalties, disciplinary actions and show cause notices) by regulatory and statutory authorities, in India or overseas, against the Key Management Personnel and members of the Senior Management.

• Our business is dependent on two manufacturing facilities located in Kolhapur, Maharashtra and Jaipur, Rajasthan. Any slowdown, shutdown, or adverse development affecting either facility could adversely affect our business, results of operations, financial condition and cash flows.(Operational Concentration)

• We derive a significant portion of our revenue from a limited number of customers. Our top 10 customers accounted for 98.14%, 96.48% and 94.25% of our Revenue from Operations for Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively.(Customer Concentration)

• We do not have long-term supply contracts with our customers. Sales are undertaken pursuant to purchase orders, and there can be no assurance that existing customers will continue to purchase our products or maintain current levels of business.(Contractual Risk)

• We are exposed to payment delays and/or defaults by our customers. If any of our customers is exposed to financial difficulties or insolvency, the loss or delay in payments from a major customer could negatively affect our working capital, cash flow, and overall financial stability.(Credit Risk)

• We have faced certain instances of delays in payments from our clients in the last three financial years, and we cannot assure you that we will not have any such incidences in the future.(Credit Risk)

• Our manufacturing facilities are subject to operating risks, including forced or voluntary closure due to regulatory actions, shutdowns or breakdowns of equipment, labour disputes, strikes, lock-outs, changes in the availability of power, supply chain problems, and natural or man-made disasters.(Operational Risk)

• Our manufacturing facilities are located in regions subject to adverse social, political, or economic developments, natural calamities, civil disruptions, or changes in local government policies, which could adversely affect operations.(Geopolitical/Regulatory Risk)

• We have an average relationship of more than six years with our top ten customers as of March 31, 2026, but there can be no assurance that we will continue to have such long-term relationships with them.(Customer Relationship Risk)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.