#1Manyavar Mohey twameu Vedant Fashions Limited Investor Presentation Apr 2023 Mebaz MANTHANⓇ#2Disclaimer This presentation and the accompanying slides (the "Presentation"), which have been prepared by Vedant Fashions Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. 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These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Vedant Fashions Limited • 2#3Content About Vedant Fashions 05 Key Investment Highlights/ Our Strengths 09 60 Our Growth Strategy 12 Q4 & FY23 Key Highlights, Update and Financial 14 Performance 24 Financial Summary 3#4Content About Vedant Fashions Key Investment Highlights/Our Strengths Our Growth Strategy Q4 & FY23 Key Highlights, Update and Financial Performance Financial Summary & 05 09 12 14 24 4#5Introduction to Vedant Fashions Indian Wedding and Celebration Wear Brands Headquartered in Kolkata, incorporated in 2002 by Mr. Ravi Modi, Vedant Fashions offers Indian wedding & celebration wear for men, women & kids Largest company in India in men's Indian wedding & celebration wear by Revenue, OPBDIT1 & PAT*. Commands dominant position in conventionally unorganized market Manyavar brand is category leader in branded Indian wedding & celebration wear market with pan-India presence* Manyavar Mohey At twamev Mebaz One-stop destination with wide product portfolio for every celebratory occasion; aspirational yet value-for-money offering Omni-channel network of EBOS, MBOS, LFS & Online (own website, mobile app & leading lateral e-commerce platforms) Delivers aristocratic & seamless customer experience via aesthetic franchisee- owned EBOS Growing presence in women's Indian wedding & celebration wear with Mohey - Largest brand by number of stores with pan-India presence* MANTHANⓇ Retail footprint (Q4 FY23) of 1.47 mn sq. ft. across India (633 EBOS² in 245 cities & towns in India) and Overseas (16 EBOs in USA, UAE, Canada & U.K.) Source: *Crisil Report; As of FY20 (latest available); Note: (1) OPBDIT is Operating profit before depreciation, interest & tax; (2) Includes 112 shop-in-shops (SIS) Vedant Fashions Limited • 5#6What makes Manyavar Special Aspirational Yet Value for Money ■ Aspirational Brand with Aristocratic & seamless customer experience ■ Uniform pricing across online & offline channels in India ■ No discounts/ end-of-season sales for Manyavar brand ■ Multi Decade growth Opportunity for the Category from here Multi-brand Product Portfolio ■ One-stop destination with wide product portfolio for men, women & kids catering to all celebratory occasions across price points ■ Low level of obsolete & dead stock ■ 52 Week Design collection Model Strong Control Over Entire Ecosystem Strong design capabilities with data-driven/ Al backed decision-making and demand forecasting ■Tech-driven unique supply chain & inventory mgmt. with Automated Replenishment System at pin code level 3 ■ Integrated secondary sales network with full visibility of products sold at our stores Having First mover advantage, VFL scaled up and organized highly unorganized and fragmented category Curated Marketing Strategy with Multi Channel Presence ■ Emotional connect with theme-based campaigns ■ Celebrity brand ambassadors ■ Omni-channel network with pan-India presence 5 Industry Leading Economics ■ World Class Financial Matrix in apparel retail being largest company in India in men's Indian wedding & celebration wear by Revenue, OPBDIT & PAT* ■ Asset light & franchisee-led EBO distribution model with high cash conversion ratio ■ Leads the peer set in terms of financial & operational metrics Strong Corporate Governance Experienced management with rich functional expertise ■ Big 4 statutory auditor coupled with eminent Board of Directors ■ Embraces ESG & promotes CSR Source: *Crisil Report; As of FY20 (latest available) Vedant Fashions Limited • 6#7Evolution Over the Years Brand Manyavar started operations via predecessor entity 1st EBO in Bhubaneshwar • Strategic Acquisition of Mebaz invested • Launched Twamev (Men's premium wear brand) Crossed INR 10,000 mn EBO revenue & 1 mn sq. ft. of EBO presence Celebration Wear Partner in Femina Miss India 2021 Surpassed >INR 1,000 mn EBO Launched Mohey revenue (Women's Celebration Wear label) • Kedaara Capital 1999 2008 2012 2015 2017 2019 2021 2002 2011 2013 2016 2018 2020 2022 Incorporated Vedant Fashions Pvt. Ltd. 1st International store in Dubai (UAE) Official Indian Wear Partner of 3 IPL teams • Crossed INR 5,000 mn in EBO revenue . 1st Store in USA • Launch of Manthan (Value Celebration Wear label) Official Sponsor of 2 IPL teams Launch of Manyavar mobile app Listing on Stock Exchanges Vedant Fashions Limited • 7#8Content About Vedant Fashions Key Investment Highlights/ Our Strengths Our Growth Strategy Q4 & FY23 Key Highlights, Update and Financial Performance Financial Summary & 05 09 60 12 14 24 8#9Key Investment Highlights/ Our Strengths Large & growing Indian wedding & celebration wear market driven by an increased spending on such wear Market leader in Indian celebration wear market with diversified brand portfolio across value spectrum for entire family Unique business model combining asset-light brand play along with seamless purchase experience; no end of season sales/ discounts for Manyavar brand Technology-based supply chain network with strong processes in place Experienced & professional leadership team Experienced Board of Directors aided by professional partners Attractive marketing initiatives of creating connections through emotions Widespread pan-India multi-channel presence through EBO network with scalable franchisee model Strong growth trajectory with industry leading margins, return metrics & healthy cash generation Vedant Fashions Limited • 9#10Diversified Brand Portfolio Catering to Aspirations of Entire Family Brands Year Target Group Price Spectrum Distribution Manyavar Mohey 19991 Men, Boys Mid-Premium ft twamev 2015 2019 Mebaz MANTHANⓇ 20172 2018³ Women Men Men, Women, Kids Men Mid-Premium Premium Mid-Premium to Premium Value EBO's EBO's MBOS, LFS, E-commerce EBOS, MBOS, LFS, E-commerce EBOS & E-commerce Product Portfolio Men: Kurta, Indo-western, Sherwani, jacket, accessories Kids: Kurta set, jacket set, Indo-western, accessories Key Attributes Lehenga Saree Gown Accessories ✰ Kurta set Sherwani Indo-western Men: Kurta, Indo-western, Sherwani, Jacket, Suit, Accessories Women: Lehenga, Saree, Suit, Suit Kurti Accessories Kids: Lehenga, Gown, Frock, Kurta, Suit, Accessories Kurta ܀ Category leader in branded Indian wedding & celebration wear market with a pan-India presence* Other brands in the category only 1/7th the size of Manyavar No end of season sales or discounts for Manyavar brand Largest brand by number of stores, with pan-India presence focusing women's Indian wedding & celebration wear* Benefit from Manyavar's leadership position & pan- India EBO footprint Celebrity brand ambassador & campaigns like "#Dulhan wali feeling" Upscale consumer experience Cross-sell premium offering to Manyavar customers Priced between Manyavar & luxury boutique brands South India focused regional brand; strong presence in AP & Telangana One-stop shop for ethnic celebration need of entire family Rich heritage brand with strong legacy Large blend of product designs at value prices Aims to cater to sizable number of mid-market weddings & other celebrations Source: Crisil Report; *As of FY20 (latest available); Note: (1) Brand 'Manyavar' started operations via predecessor entity in 1999; (2) Brand 'Mebaz' was started in 2002 but was acquired by Company in 2017; (3.) Large scale operations commenced after refreshed launch in 2018; Vedant Fashions Limited 10#11Content About Vedant Fashions Key Investment Highlights/Our Strengths Our Growth Strategy Q4 & FY23 Key Highlights, Update and Financial Performance Financial Summary & 05 09 12 14 24 11#12Our Growth Strategy 01 Retail Expansion within and outside India 02 70 Up-selling and cross-selling initiatives 03 Enhancement of brand appeal through targeted marketing initiatives + 04 05 95 Significant potential and space for growth of our emerging brands twameu Disciplined approach towards acquisitions Vedant Fashions Limited ⚫.12#13Content About Vedant Fashions Key Investment Highlights/ Our Strengths Our Growth Strategy Q4 & FY23 Key Highlights, Update and Financial Performance Financial Summary 05 09 12 14 24 13#14Company key Performance Highlights Revenue from Operations (Y-o-Y Growth) Q4: 15.3 % Gross Margin % Q4: 66.0 % EBITDA Margin % PAT Margin % FY: 67.4 % Q4: 50.2 % FY: 50.1 % Q4: 31.9% FY: 31.7% FY: 30.2% PAT (Y-O-Y Growth) Q4: 22.7 % FY: 36.3% Company expanded its retail footprint presence by adding ~75 k sq. ft. retail area in Q4FY23 and 2.04 lacs sq. ft. retail area in FY23, with total retail presence of 1.47 mn sq. ft. as of Mar 2023; Company also expanded its international presence with new stores in London (UK) and Canada in Q4 FY23, and has presence in 4 International Countries (USA, UAE, Canada and UK); Company recorded retail growth (Sale of our Customers) of 26.3% in FY23 as compared to FY22, and retail growth (Sale of our Customers) of 47.1% in FY23 over FY20; Company recorded retail growth (Sale of our Customers) of 21.2% in Q4 FY23 as compared to Q4 FY22, and retail growth (Sale of our Customers) of 45.8% in Q4 FY23 over Q4 FY20; Company recorded SSSG growth of 14% in Q4 FY23 compared to Q4 FY22, and SSSG growth of 16.2% in Q4 FY23 over Q4 FY20; ❖ Company recorded SSSG growth of 18.1% in FY23 compared to FY22, and SSSG growth of 17.6% in FY23 over FY20; Company has achieved ROCE of 95.3% in FY23 and cash conversion ratio (Operating cash flow over PAT) of 105% in Q4 of FY23, and 83% in FY23 Vedant Fashions Limited 14#15Wide Pan-India Reach and Presence including International Markets Presence (As of FY23) 1.47 mn Sq. ft. EBO's Area* (Including 36K area of Intl. Stores in 4 Countries) 649 EBO's (Including 16 Intl. EBO's) Net Rollout (Q4 FY23) 75 k Sq. ft. EBO's Area (Including 5k area of Intl. EBO's) 9 EBO's (Including 2 Intl. EBO's) 245 Cities and towns in India Net Rollout (FY23) 204 k Sq. ft. EBO's Area (Including 11.4k area of Intl. EBO's) 54 EBO's (Including 4 Intl. EBO's) Manyavar Manyavar Mohey Manyavar Cohey 10 మాన్యవర్ Note: 1.* Global EBO's Area and count including shop-in-shops (SIS); EBO' presence in 12 International Cities in 4 Countries of USA, UAE, Canada and U.K. Vedant Fashions Limited 15#16Key Retail Highlights Retail Performance Vs FY23 (Sale of our Customers¹) across Channels Q4 FY'23 Vs Q4 FY'22 Retail Performance Vs FY20 (Sale of our Customers ¹) across Channels FY'23 Vs FY'22 Q4 FY'23 VS Q4 FY'20 +26.3% +45.8% 4,827 +21.2% 4,827 18,614 14,736 3,981 Q4 FY'22 Q4 FY'23 FY'22 FY'23 3,311 Q4 FY'20 Q4 FY'23 FY'23 Vs FY'20 +47.1% 18,614 12,652 FY'20 FY'23 INR in mn VFL recorded SSSG² of +14% in Q4 FY'23 over Q4 FY'22 VFL recorded SSSG² of +18.1% over FY'22 VFL recorded SSSG³ of +16.2% in Q4 FY'23 over Q4 FY'20 VFL recorded SSSG³ of +17.6% over FY'20 Note: (1). Sales of our customers comprises of sales of products of our brands (a) made by our EBOS, LFSS and online channel customers, and (b) made by us to MBOs (including shop in - shops) and certain lateral e-commerce platforms customers at RSP; (2) SSSG stores for comparing with Q4 FY'22 and FY22 includes stores open on or before 31st Mar' 2021 and running as on 31st Mar' 2023; (3) SSSG stores for comparing with Q4 FY20 and FY20 includes stores open on or before 31st Mar' 2019 and running as on 31st Mar' 2023. Vedant Fashions Limited 16#17Key Financial Highlights (Consolidated) Q4 FY23 YoY Analysis Revenue from Operations Gross Profit & Gross Margin 2,963 +15.3% 3,416 Margins → 66.4% 66.0% +14.7% 2,255 1,967 EBITDA² & EBITDA Margin Margins → 49.6% 50.2% +16.7% 1,713 1,469 PAT & PAT Margin Margins → 29.9% 31.9% +22.7% 1,089 887 Q4 FY22 GYQ4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 FY23 YoY Analysis Revenue from Operations 10,408 FY22 +30.2% 13,549 FY23 Gross Profit & Gross Margin Margins → 66.9% 67.4% +31.2% 9,126 6,958 FY22 FY23 EBITDA² & EBITDA Margin Margins → 50.1% 50.1% +30.1% 6,783 5,213 FY22 FY23 PAT & PAT Margin Margins → 30.3% 31.7% +36.3% 4,291 3,149 FY22 FY23 INR in mn Note: (1) Gross Profit = Revenue from Operations - Cost of Goods Sold; Cost of Goods Sold = Cost of Material Consumed + Changes in Inventories of finished goods & Work-in-progress + Purchase of stock-in-trade + Job Charges; Gross Margin = Gross Profit +Revenue from Operations (2) Note for EBITDA = PBT + Finance cost + Depreciation - Interest Income on fixed deposits, bonds & debentures - Dividend Income - Profit on sale of investments - Profit on fair valuation of investments carried at FVTPL Vedant Fashions Limited .17#18Profit and Loss Statement Q4 and FY23 (Consolidated) Sr.no Income: I || IV Revenue from operations Other income Total income ( 1 + 11 ) Expenses: Cost of materials consumed Particulars Mar 31, 2023 (Unaudited) Quarter ended Dec 31, 2022 (Unaudited) Mar 31, 2022 (Unaudited) Year ended 31-Mar-23 (Audited) INR in mn Year ended 31-Mar-22 (Audited) 3,416 4,414 2,963 13,549 134 100 3,551 4,514 111 3,074 402 13,952 10,408 499 10,908 - Raw materials 306 385 380 1,436 1,152 - Accessories & packing materials 45 52 55 191 176 Purchases of stock-in-trade 566 721 532 2,281 1,706 Changes in inventories of finished goods, stock-in-trade and work-in-progress 47 16 (224) (389) (366) Employee benefits expense 148 153 166 566 575 Finance costs 84 75 86 315 284 Depreciation and amortisation expense 274 251 269 1,038 944 Other expenses 625 843 613 2,755 2,206 Total expenses 2,096 2,495 1,878 8,193 6,678 V Profit before tax (III-IV) 1,455 2,019 1,196 5,758 4,230 VI Tax expense/(credit): - Current tax 348 511 308 1,445 1,057 - Deferred tax charge/(credit) 18 5 1 23 24 VII Profit for the period / year (V-VI) 1,089 1,504 887 4,291 3,149 Vedant Fashions Limited 18#19Consolidated Balance Sheet INR mn Assets Non-current assets Fixed Assets (Tangible and Intangibles) Right-of-use assets Capital work-in-progress Investments Other non-current assets Total non-current assets Current assets Inventories Trade receivables Investments including Cash and bank Balance Other current assets Assets held for sale Total current assets Total assets Equity and Liabilities Equity Equity share capital Other equity Total equity Non-current liabilities Lease liabilities Deposits Deferred tax liabilities (net) Other Liabilities & Provisions Total non-current liabilities Current liabilities Lease liabilities Trade payables Other current liabilities Total current liabilities Total equity and liabilities As at March 31, 2023 INR in mn As at March 31, 2022 2,416 2,480 2,791 2,667 20 1,694 1,003 1,362 1,207 8,282 7,358 1,736 1,430 4,734 3,967 6,277 4,160 630 770 13 13,378 10,340 21,660 17,698 243 243 13,756 10,585 13,999 10,827 1,958 1,934 1,064 912 197 168 2 2 475 423 3,695 3,438 975 853 859 730 2,132 1,849 3,967 3,432 21,660 17,698 Vedant Fashions Limited • 19#20Consolidated Cash Flow INR mn Cash flow from operating activities Year ended 31-Mar-23 INR in mn Year ended 31-Mar-22 Profit before tax Operating profit before working capital changes Movement in working capital Cash generated from operations Net income tax (paid) Net cash from operating activities 5,758 4,230 6,739 5,050 (569) (450) 6,170 4,600 (1,472) (1,090) 4,698 3,510 Cash flow from investing activities Purchase of property, plant and equipments, capital work in progress & intangible assets (including capital advances) Proceeds from sale of property, plant and equipments & intangible assets (including advance received) (45) (23) 101 132 Net proceeds from sales / (purchase) of investments (2,492) 37 Interest and dividend income and other items Net cash from (used) in investing activities Cash flow from financing activities Payment of Lease Liability Buy back of shares Gdend paid 116 418 (2,319) 565 (1,115) (834) (3,313) (1,214) Interest paid other than lease & other items (3) (4) Proceeds from fresh equity shares issuance against vested ESOPs in Holding Company Net cash used in financing activities 15 47 (2,318) (4,105) Net increase (decrease) in Cash and cash equivalents Cash and cash equivalents at the beginning of the period 61 (30) 36 66 Cash and cash equivalents at the end of the period 97 36 Vedant Fashions Limited ⚫ 20#21Marketing Campaign #Taiyaar Hokar Aaiye #DulhanWaliFeeling Vedant Fashions Limited • 21#22Marketing Initiatives Marketing Initiatives Commonwealth Games Official Indian Style Partner Digital integration with TVF THE TIMELINERS & Manyavar Mohey IM+ VIEWS Present Theme-based Marketing Ad Campaigns Wedding Taiyaar Hokar Aaiye Celebrating Team India. You've earned respect for our nation. Indians and Weddings TV- News Channel & T20 World Cup Deal R. भारत abp INDIATV न्यूज़ EV 9 भारतवर्ष ZEENEWS #Taiyaar HokarAaiye Perimeter Branding Cricket Deal Ind Vs Aus & Ind Vs SA LIVE STAR SPORTS 1HD avar Manya Manyar tch Heth AS AL TRAL A Amul #Taiyaar Hokar Aaiye Manyalar celebrationwear Rakhi Brocode celebrationwear STAR SPORTS IND yavar Manvar Mar ASTRAL DEEPAK CHAHAR 1201 CAREER TATA 5-1 AUSTRALIA TARGET LAST WIGHETA 22 26 23.35 8.20 5-7 #Taiyaar HokarAaiye Manyavar celebrationwear Festival Diwali - Taiyaar Hokar Aaiye Dulhan Wali Feeling Launch of New Brand Ambassador Kiara Advani #Dulhan WallFeeling Mohey Bridal lehengas #Dulhan WaliFeeling Mohey Bridal lehengas Vedant Fashions Limited • 22#23Content About Vedant Fashions Key Investment Highlights/ Our Strengths Our Growth Strategy Q4 & FY23 Key Highlights, Update and Financial Performance Financial Summary 05 09 12 14 24 23#24Long Track Record of Strong Growth Trajectory Revenue & Sales of Customers Gross Profit¹ EBITDA² INR in mn Sales of Customers 11,355 12,652 8,362 14,736 18,614 Margins → 65.0% 65.3% 66.8% 66.9% 67.4% Margins → 42.2% 43.6% 49.9% 50.1% 50.1% 13,549 9,126 10,408 6,958 6,783 5,213 9,155 8,007 5,648 5,980 5,203 3,771 I 3,988 3,380 2,817 FY 19 FY 20 FY 21 FY22 FY23 FY 19 FY 20 FY 21 FY22 FY23 FY 19 FY 20 FY 21 FY22 FY23 PBT PAT ROCE (Pre-Tax)³ Margins → 33.8% 34.1% 32.2% 40.6% 42.5% Margins → 22.0% 25.8% 23.5% 30.3% 31.7% 5,758 4,291 4,230 3,149 3,118 2,709 1,819 2,366 1,764 1,329 I 48.24% 47.80% 34.07% 95.32% 75.38% FY22 FY23 FY 19 FY 20 FY 21 FY22 FY23 FY 20 FY 21 FY 22 FY23 FY 19 FY 20 FY 21 FY 19 Note: (1) Gross Profit = Revenue from Operations - Cost of Goods Sold; Cost of Goods Sold = Cost of Material Consumed + Changes in Inventories of finished goods & Work-in-progress + Purchase of stock- in-tradeJob Charges; Gross Margin = Gross Profit Revenue from Operations (2) EBITDA = PAT + Finance costs + Total tax expense + Depreciation - Other finance income (3) ROCE = Numerator = PBT + Finance cost (Interest income on fixed deposits, debentures + Profit on sale of investments + Profit on fair valuation of investments carried at FVTPL + Dividend income from mutual funds) Denominator = Net worth (Current investment + Non current investment + Other bank balance) Vedant Fashions Limited • 24#25Awards and Accolades 2023 "Entrepreneur Of The Year" Consumer Products and Retail EY "India Retail Champions Award" Apparel & Lifestyle category 2020 "Men's Indianwear" Images Excellence Award "Retail Marketing Campaign of the Year #TaiyaarHokarAaiye" ET Now 2022 "Dream Employer of the Year" World HRD Congress "Excellence in Business Performance - Turnover between INR 300 Crore and 1,000 Crore" ET Bengal Corporate Award "The Best of Bharat" Awards E4M Pride of India "Most Admired Fashion Brand of the year: Men's Indianwear" Images Fashion Award 2019 2018 2014 "Most Admired Retailer of the Year Marketing & Promotions Campaign" Images Retail Award "Fastest Growing Company-maximum turnover INR 300 crore" ET Bengal Corporate Award 2017 "Most Admired Fashion Brand of the year: Men's Indian Wear" Images Fashion Award 2015 "Pioneer in Ethnic Retail Business" ABP News 2008-2010 "Iconic Men's Ethnic Brand" Central Icons 2021 "Most Admired Retailer of the year Marketing and Advertising campaign" Mapic India "Best Employer Branding Award" World HRD Congress and Stars Group "Transformational Contribution to Indian Apparel and Retail Industry" Ministry of Textiles and the Clothing Manufacturers Association of India Times Business Award for "Best Men's Ethnic Wear Brand (East)" Times Group "Retail Marketing Campaign of the Year" ET Now "National Retailer of the Year" 4th Annual Indian Retail & Indian eRetail Awards "Excellence in Supply Chain Management & Fulfillment" Images Retail Tech Award "Highest Job Creator - above INR 300 crore to INR 1000 crore" ET Bengal Corporate Award 2004-2008 "Best Men's Ethnic Wear Brand" Central Icons Vedant Fashions Limited • 25#26Glossary Term Company Crisil Report EBO ERP Indian wedding & celebration wear Indo-western LFS MBO Men's ethnic wear or apparel OPBDIT Ready-to-wear RSP Sales of Customers SIS (Shop-in-shops) Women's ethnic wear or apparel Description Vedant Fashions Limited The report titled "Assessment of the apparel industry with a special focus on Indian wedding and celebration wear market in India" dated Sep-2021 as updated by the addendum dated December 2021 prepared by CRISIL Exclusive brand outlets of a brand or company Enterprise resource planning system Apparel worn on special occasions such as weddings; close-knit family functions like puja, house warming, etc.; festivals such as Diwali, Eid, Holi and Rakshabandhan; and other events such as Independence Day and Republic Day Combination of traditional Indian ethnic apparel & western wear Large format stores Multi-brand outlets Apparel including Kurtas, Indo-westerns, Sherwanis, jackets & other accessories Operating profit before depreciation, interest & tax Apparel made for general market & sold through shops rather than made to order for an individual customer Retail selling price Includes sales of products of Company's brands (a) made by Company's EBOS, LFSs & online channel customers, & (b) made by Company to MBOS (including shop-in-shops) & certain lateral e-commerce platforms customers at RSP An arrangement where a separate retail space is allocated in stores for retailing Company's products Apparel such as lehengas, sarees & stitched suits Vedant Fashions Limited 26#27Thank You Company: Manyavar Mohey Vedant Fashions Limited CIN: L51311WB2002PLC094677 Investor Relations Team [email protected] www.vedantfashions.com Investor Relations Advisors : σ orient capital Orient Capital (a division of Link Group) Mr. Rajesh Agrawal +91 99674 91495 [email protected] Ms. Rasika Sawant +91 95944 57518 [email protected]