Arjun Jewellers Limited

• Funding of incremental working capital requirements, primarily towards procurement of inventory for our existing retail showrooms and proposed new retail showrooms in Saurashtra, Gujarat (New Stores).₹160 Cr
• General Corporate Purposes

• The Company is subject to ongoing proceedings initiated by the Income Tax Department regarding spot verification, alleged cash transaction reporting under Form No. 61A, cash deposit reconciliation, and invoicing practices. Any adverse outcome may expose the Company to tax demands, penalties, prosecution, increased regulatory scrutiny and reputational harm, which may adversely affect the business, financial condition, results of operations and cash flows.(Regulatory and Legal)

• All four showrooms are concentrated within the Saurashtra region of Gujarat. The business is entirely derived from retail sales of jewellery through these showrooms and is significantly dependent on the economic conditions, consumer spending patterns, demographic trends and overall retail environment prevailing in this single geographic region.(Geographic Concentration)

• The Company is dependent on third-party suppliers, primarily located in Maharashtra and Gujarat, for the supply of all products and does not have any long-term contractual arrangements with them. Any disruptions at such third-party suppliers' production or manufacturing facilities, or failure of such third parties to adhere to relevant quality standards, could adversely affect the Company's business.(Supply Chain)

• The Company's growth strategy is focused on strengthening its presence within the Saurashtra region through the establishment of additional stores. If the cluster-based strategy is unsuccessful or results in overcrowding within a limited geographic area, it could reduce sales per store, potentially leading to lower revenues and materially affecting the business, financial condition, and results of operations.(Expansion Strategy)

• The Company's proposed expansion through the establishment of additional stores in the Saurashtra region may increase its dependence on this region and further expose it to risks associated with geographic concentration. Any social, political, or economic developments, natural calamities, civil disturbances, or changes in local government policies in the Saurashtra region could affect the functioning of the showrooms.(Geographic Concentration)

• Natural disasters, including earthquakes, floods, droughts, or other extreme weather conditions, as well as region-specific health emergencies, may disrupt supply chains, local transportation networks, and the operations of the offices and showrooms. Any such disruption could have a material effect on the business, results of operations, profitability, and reputation.(Operational)

• Existing and potential competitors to the Company's businesses may increase their focus in the Saurashtra region, which could reduce the Company's market share. Competitors may intensify efforts to capture a larger market share by launching aggressive promotional campaigns.(Competition)

• The Company's past store sales may not be comparable to, or indicative of, future sales. The Company cannot assure that risks associated with geographic and demographic concentration will not arise in the future.(Operational)

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.