Our multi-collection jewellery portfolio enables us to address varied consumer segments.
Targeted marketing and promotion activities enabling increasing brand recall.
Founder led company supported by professional management and leadership team.
Commitment to quality and customer satisfaction.
Strong Financial Results.
A significant portion of the company's revenue comes from its showrooms in Gujarat, where the company operations are heavily focused. In three-month period ended June 30, 2026 and Fiscal 2026, 2025 and 2024, its revenue from the company's Ahmedabad showrooms stood at Rs. 694.79 million, Rs. 3,661.58 million, Rs. 2,710.97 million and Rs. 1,625.36 million contributing to 68.49%, 67.97%, 77.17% and 74.79% of its total revenue from operations of the Company. If this region or the showrooms in Gujarat faces any negative developments, it could harm the company's business performance, growth potential, financial health, and overall profitability.
The Objects of the Offer for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders approval.
All of the company's revenue is derived from direct sales through its physical showrooms, and any adverse developments impacting these operations could negatively affect the company's revenue and results of operations.
The company has entered into related party transactions in the past and may continue to do so in the future, which may potentially involve conflicts of interest with other shareholders.
Volatility in the prices and availability of gold, diamonds and other raw materials, along with dependence on third-party manufacturers for procurement, may adversely affect the company's business, results of operations, financial condition, cash flows and prospects.
The company relies entirely on third party product manufacturers and Karigars for production and manufacturing of its products, none of whom work exclusively for the company, exposing it to supply disruptions, quality risks and confidentiality concerns which may adversely affect the company's business, results of operations and financial condition.
The company's business is exposed to risks of fraud, theft, employee misconduct or negligence, and any failures to prevent or detect such incidents may materially and adversely affect its business, results of operations, cash flows and financial condition.
The Company has experienced negative net cash flow from operating activities in the past Fiscals and may continue to do so in future, which could have a material adverse effect on the company's business, prospects, financial condition, cash flows and results of operations.
The company's business depends on adequate working capital to support its continued growth. If the company is unable to maintain the working capital requirements, on favorable terms, it may harm the company operations, financial stability, and profitability.
All of the company's registered office, corporate offices and its showrooms are operated on premises which are taken on leave and license basis by the Company and any issues related to leave and license agreements renewal, unfavorable leave and license agreement terms, non-registration and inadequate stamping of agreements or property title disputes could negatively impact the company's business operations and financial performance.
