The company offer a wide range of jewellery enabling us to cater to the diverse requirements for all our customers' jewellery needs.
Accelerated Store expansion through a cluster-based approach.
Targeted marketing and promotion activities enabling increasing brand recall.
Efficient inventory management, enhanced security and commitment to quality.
Founder led Company supported by professional management and leadership team.
Our Company is subject to ongoing proceedings initiated by the Income Tax Department. Any adverse outcome in such proceedings may adversely affect our business, financial condition, results of operations, cash flows and reputation.
All our showrooms are concentrated within Saurashtra region of Gujarat. Our revenue from operations, is entirely derived from retail sales of jewellery through our Showrooms. Any adverse developments affecting our operations in such region, could have an adverse impact on our retail business, financial condition, results of operations and cash flows.
We are dependent on third-party suppliers, primarily located in Maharashtra and Gujarat, for the supply of all our products and we do 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 the relevant quality standards or our inability to maintain or enter into formal arrangements with these suppliers may have a negative effect on our reputation, business and financial condition and results of operations.
Our inability to accurately forecast customer demand and maintain an optimal level of inventory in our Stores may adversely affect our business, financial conditions and results of operations.
Our revenues have been significantly dependent on sale of gold jewellery, which accounted for 96.00%, 97.98% and 96.47% of our revenue from operations, for the Fiscal 2026, 2025 and 2024, respectively. Any adverse factor affecting the procurement of gold jewellery from third party suppliers or our sales of gold jewellery may negatively impact our business, financial condition, results of operations and prospects.
We have filed a compounding application in relation to certain non-compliances pertaining to the audit trail requirements under the Companies Act, 2013 and have received a penalty order in connection with such non-compliance.
Any quality concerns, certification deficiencies, purity-related issues or non-compliance with applicable hallmarking and regulatory requirements relating to our jewellery products may adversely affect our business, reputation, financial condition and results of operations.
Our inability to effectively market our products, respond to evolving consumer preferences and retail formats, maintain our brand reputation and customer confidence may adversely affect our business, results of operations and financial conditions.
Our business is working capital intensive due to the significant inventory required for our retail operations. Any inability to meet our working capital requirements may affect our business, financial condition and results of operations.
The auditor's report on our financial statements for the Fiscal 2025 contains certain qualifications
