Shankesh Jewellers Ltd.

• Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company₹158 Cr
• Funding working capital requirements of our Company₹38.0 Cr
• General Corporate Purposes₹54.9 Cr

Except as disclosed in this section

• A significant portion of our business operations and revenue generation is concentrated in the Top 5 states (Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar and Odissa) which contributed to 67.84%, 63.67% and 62.00% of our revenue from operations in Fiscal 2026, 2025 and Fiscal 2024.(Geographic Concentration)

• We operate in a high-value commodity sector and there are certain security risks associated with the transit and delivery of gold jewellery, including potential loss or theft.(Security and Logistics)

• We are dependent on third party Jobworkers for the production and manufacturing of all of our products. Any disruptions at such third-party production or manufacturing facilities, or shortage or scarcity of Karigars employed or deployed such Jobworkers in the future could adversely affect our business.(Supply Chain and Manufacturing)

• Jewellery purchases are discretionary and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect our business, results of operations, financial condition and prospects.(Consumer Demand)

• Our business and the demand for our product is reliant on the success of our customers’ products with end consumers, and any decline in the demand for the end-products could have an adverse impact on our business, results of operations, cash flows and financial condition.(Customer and Market Risk)

• The prices of gold and diamonds at a particular time also affect the decision of our customers to purchase jewellery. High and volatile gold prices significantly impact the working capital requirements of India’s gems and jewellery industry.(Commodity Price Volatility)

• We have obtained jewellers block protector insurance coverage for transportation, stock at premises, public liability and money related risks bearing policy no. 48057391, issued by Iffco-Tokio General Insurance Company Limited, providing coverage up to ₹ 4,762.50 million and valid up to October 28,2026.(Insurance Coverage)

• The transportation of gold jewellery is typically carried out through a third-party logistics service provider. The transit process can involve multiple stages, including storage, packaging, handling, and shipment. Each stage introduces a potential risk point where gold jewellery can be lost, stolen, or damaged due to theft, mishandling, or accidents.(Logistics and Transit)

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.