Lalithaa Jewellery Mart Limited

• Funding expenditure towards setting-up of 10 New Stores: (a) Capital expenditure for fit-outs in the nature of furniture and fixtures, equipment, IT hardware and software₹34.5 Cr
• Expenditure towards inventory costs for setting up of New Stores₹999 Cr
• General corporate purposes₹84.6 Cr

Except as stated below, there are no outstanding criminal proceedings, actions taken by regulatory and statutory authorities, disciplinary action including penalty imposed by SEBI or stock exchanges against the Promoter in the last 5 Fiscals, or details of any other pending litigation or arbitration proceedings involving the Relevant Parties, Key Managerial Personnel, or Senior Management.

• Our revenues have been significantly dependent on the sale of gold jewellery, which accounted for 92.33%, 94.58% and 93.96% of our revenue from operations, for the Financial Years 2026, 2025 and 2024, respectively. Any factors adversely affecting the procurement of gold or our sales of gold jewellery may negatively impact our business, financial condition, results of operations and prospects.(Revenue Concentration)

• We have experienced negative cash flows from operating activities of ₹ 3,977.62 million in Fiscal 2026 and ₹ 180.02 million in Fiscal 2024 respectively, due to lower customer enrolment towards the Company’s jewellery schemes and increased settlement of trade payables and cannot assure you that we will not experience negative cash flows in future periods.(Liquidity)

• The amounts received in our customer schemes amount to more than 10% of our revenue from operations for the respective financial periods. Inability to appropriate such advances received from customers under jewellery purchase schemes may adversely impact our revenues and results of operations and future profitability.(Customer Advances)

• Our Company had a total outstanding borrowings of ₹ 12,381.00 million as of June 30, 2026. Our financing agreements contain covenants that limit our flexibility in operating our business. Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, credit rating, results of operations and financial condition.(Debt and Covenants)

• We have experienced negative cash flows from operating activities during Fiscal 2026 primarily due to higher working capital requirements. Despite a significant increase in operating profits, cash flows were adversely impacted by a substantial increase in inventories, which was primarily driven by the significant increase and volatility in gold prices during the year.(Liquidity)

• The availability of gold, being our key raw material, may be adversely affected due to various reasons, which might affect our production of gold jewellery. Any decrease in supply of gold or our inability to effectively procure gold at competitive rates, in time, or at all, may adversely impact our business, financial condition, results of operations and growth prospects.(Supply Chain)

• We receive advances from our customers under various schemes introduced by us. While the Company has not defaulted in payment to any customer in the past, we cannot assure you that such incidents will not happen in future. Any such failure to appropriate advances may cause us to receive reduced cash flows or dedicate a higher portion of our revenues towards provisions towards such advances, which in turn may adversely impact our revenues and results of operations and future profitability.(Customer Advances)

• Our ability to meet our debt service obligations and repay our outstanding borrowings will depend primarily on the cash generated by our business. Most of our financing arrangements are secured by our movable and immovable assets and personal guarantees by our Promoters and a member of our promoter group and some of our Directors.(Debt and Covenants)

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.

• Lalithaa Jewellery Mart Limited - RHP12 Aug 2026