Lalithaa Jewellery Mart Limited

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, claims related to any direct or indirect taxes, 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, such as an increase in international gold prices, higher import duties or regulatory restrictions, decline in consumer discretionary spending, shift in consumer preferences to alternatives, or a shortcoming in the raw materials procured, 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 due to lower customer enrolment towards the Company’s jewellery schemes and increased settlement of trade payables. We cannot assure you that we will not experience negative cash flows in future periods. Negative cash flows may adversely affect our financial condition, results of operations and prospects.(Liquidity)

• We receive advances from our customers under various schemes introduced by us. The amounts received in the 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 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, resulting in a higher carrying value of inventory.(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)

• If for any reason, our primary suppliers of raw materials should curtail or discontinue their delivery of such raw materials to us, in the quantities we need and at prices and terms that are competitive, our ability to meet our material requirements for our operations could be impaired, our delivery schedules could be disrupted and our business and reputation may be adversely affected.(Supply Chain)

• Any shortcoming in the raw materials procured by us or in the production of our products due to failure of our quality assurance procedures, negligence, human error or otherwise, may damage our products and result in deficient products.(Operations)

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 - Prospectus20 Aug 2026