Renaissance Global Limited has appointed KKC & Associates LLP as its internal auditor for the financial year 2026-27 to strengthen its governance framework. The appointment was approved by the Board during a meeting held on May 28, 2026. The firm is not related to any director of the company.

The decision complies with the requirements under Sub Para 7 of Para A of Part A of Schedule III of SEBI (LODR) Regulations and the SEBI circular dated July 13, 2023. The disclosures regarding the new internal auditor were submitted to the stock exchanges.

KKC & Associates LLP is a Chartered Accountant firm registered with the Institute of Chartered Accountants of India. The firm was established in 1936 and is led by fifteen partners. It provides services including audit & assurance, taxation, advisory, and accounting.

The firm possesses a separate Risk Advisory vertical with experience in providing risk-based internal auditing services. Its expertise includes consultation on process strengthening, IFC framework setup and testing, and SOP documentation for NBFCs and other financial services clients.

Details of Appointment

Renaissance Global Limited has achieved a significant milestone in its financial restructuring efforts by reducing its gross debt by approximately ₹123 crore during the fourth quarter of FY26. The leading global player in branded fine jewellery manufacturing announced this development through a revised press release issued under Regulation 30 of SEBI regulations.

Major Debt Reduction Achievement

The company's debt reduction represents a substantial 20% decline from gross debt levels recorded at the end of Q3 FY26. When calculated at constant exchange rates, this reduction becomes even more impressive at 24%, highlighting the company's effective financial management strategies.

Management Commentary and Strategic Focus

Global CEO Sumit Shah expressed satisfaction with the financial achievement, stating that the milestone underscores the company's continued focus on prudent financial management, efficient working capital utilization, and disciplined capital allocation. The management emphasized their commitment to further strengthening the balance sheet while continuing to drive sustainable operational growth.

The debt reduction initiative aligns with renaissance jewellery 's broader strategy of maintaining financial discipline and optimizing capital structure. This approach is expected to enhance the company's operational flexibility and reduce financial burden through lower interest costs.

Expected Financial Impact

The significant debt reduction is anticipated to create multiple positive effects on the company's financial position:

• Lower Interest Costs: Reduced debt burden will decrease interest expenses
• Enhanced Financial Flexibility: Improved debt-to-equity ratios provide greater operational freedom
• Stronger Capital Structure: Better positioned for future growth opportunities
• Improved Cash Flow: Reduced debt servicing requirements free up working capital

Company Profile and Market Position

Renaissance Global Limited operates as a global branded jewellery player, designing, manufacturing, and supplying branded jewellery across key markets including USA, Canada, UK, and Asia. The company maintains a diversified product portfolio encompassing Owned Brands, Licensed Brands, and Customer Brands segments.

The company holds strategic licensing agreements with major global brands such as Disney, Hallmark, and NFL, while also developing its owned brand portfolio including Jean Dousset, With Clarity, Irasva, Jewelili, and Everyday Elegance. Since 2020, Renaissance has expanded its direct-to-consumer presence through six D2C websites marketing both licensed and owned brands.

Regulatory Compliance Note

The company issued a revised press release dated April 08, 2026, to correct a date error in the original announcement that inadvertently mentioned April 08, 2025. Company Secretary and Compliance Officer CS Vishal Dhokar submitted the corrected version to both BSE Limited and National Stock Exchange of India Limited to ensure accurate investor communication.