Nityas Gems and Jewellery Limited

• Funding Working Capital requirements of our Company₹700 Cr
• General corporate purposes

Except as stated in this section, there are no outstanding: (a) criminal proceedings; (b) actions by statutory or regulatory authorities; (c) claims relating to direct and indirect taxes (in a consolidated manner); and (d) Material Litigation (as defined below); involving our Company, our Directors and our Promoters. Further, except as stated in this section, there are no disciplinary actions (including penalties) imposed by SEBI or the Stock Exchanges against our Promoters in the last five (5) FYs, including any outstanding action. Further except as stated in this section, there are no outstanding (i) criminal proceedings and (ii) actions taken by regulatory or statutory authorities, against any Key Managerial Personnel and Senior Management of our Company. It is clarified that for the above purposes, pre-litigation notices received by Relevant Parties, unless otherwise decided by our Board, are not evaluated for materiality until such time that the Relevant Parties are impleaded as defendants in litigation proceedings before any judicial forum. Except as stated in this Section, there are no outstanding material dues to creditors of our Company.

• Our revenue from operations is significantly concentrated among a limited number of B2B customers. During the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, our top 10 customers contributed 61.08%, 76.68%, 84.24% and 97.17% of our revenue from operations, respectively.(Customer Concentration)

• A substantial portion of our revenue from operations is derived from a limited number of states in India, particularly Gujarat, Karnataka, Telangana, Tamil Nadu and Maharashtra, which together contributed 82.27%, 92.72%, 94.44% and 98.96% of our revenue from operations during the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively.(Geographic Concentration)

• Our sales are largely order-driven, and we do not typically enter into long-term supply contracts with our customers. In the absence of binding long-term contractual arrangements, there can be no assurance that our existing customers will continue to place orders with us at historical levels, on similar commercial terms, or at all.(Customer Concentration)

• Our business model is closely aligned with the procurement cycles, merchandising strategies and sourcing preferences of retail chains. Any changes in such strategies, including increased in-house manufacturing, rationalisation of vendor bases, changes in product mix, pricing pressures or slowdown in store expansion, may directly impact our order volumes, margins and growth prospects.(Customer Concentration)

• Demand from our customers is influenced by broader factors such as consumer preferences, discretionary spending patterns, gold price movements, competition and macroeconomic conditions. Any adverse developments affecting our key customers, including changes in their financial condition, liquidity position, procurement strategies, management decisions or operational requirements, could result in reduction, delay or cancellation of orders.(Customer Concentration)

• Our geographic concentration is primarily attributable to our B2B business model, under which we design, manufacture and supply lab-grown diamond studded gold jewellery to retail chains, wholesalers and distributors operating in these regions. Accordingly, our business is closely linked to regional demand patterns, consumer preferences, retail expansion strategies and economic conditions prevailing in these markets.(Geographic Concentration)

• We entered into D2C model in July 2025 through the acquisition of Ayaani Diamonds and Jewellery Private Limited, a D2C lab-grown diamond studded gold jewellery brand with a digital presence and retail footprints. Accordingly, there is no D2C sale in Fiscal 2023, Fiscal 2024 and Fiscal 2025. The D2C revenues have been recognized only upon consolidation with effect from July 2025.(Business Model)

• Any inability on our part to retain key customers, diversify our customer base and, scale our D2C operations. Any inabilities to achive these objectives, or offset any reduction in business from existing customers through new or expanded relationships could result in volatility in our revenues and materially and adversely affect our business, financial condition, results of operations, cash flows and prospects.(Customer Concentration)

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.

• Nityas Gems and Jewellery Limited - Prospectus07 Oct 2026
• Nityas Gems & Jewellery Ltd. - DRHP30 Sept 2026
• Nityas Gems and Jewellery Limited - RHP25 Sept 2026