Thangamayil Jewellery reported a robust start to the festive season, achieving sales revenue of ₹344.16 crore during the three-day Aadi Perukku festival period from August 1 to August 3, 2026. This performance marks a year-on-year (YoY) growth of 119.55% compared to the corresponding period in the previous fiscal year, signaling strong consumer demand and effective festival marketing strategies.

Aadi Perukku Sales Performance

The company disclosed its sales figures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The significant jump in revenue highlights the importance of regional festivals like Aadi Perukku (Aadi Attara) for the jewellery retailer's top-line growth in Tamil Nadu.

Key Highlights

• Festival Impact: The Aadi Perukku festival drove substantial footfall and transactions, resulting in more than double the sales compared to the prior year.
• Revenue Comparison: The current period's ₹344.16 crore revenue is a sharp contrast to the ₹156.75 crore recorded in the same three-day window last year.
• Regulatory Disclosure: The announcement was made via the Company Secretary, K. Narayanan, ensuring compliance with stock exchange reporting norms.

What the Numbers Show

The near-doubling of sales during this specific three-day window suggests a successful execution of promotional activities and inventory management for the Aadi Perukku season. For Thangamayil Jewellery, which has a strong presence in South India, regional festivals are critical drivers of quarterly revenue. This early-year performance sets a positive tone for the rest of FY27, assuming similar conversion rates continue during other major festive periods like Onam and Diwali later in the year. The ability to grow sales by over 100% in a short span also indicates expanding market share or increased average ticket size among customers.

Shareholders of thangamayil jewellery have approved a dividend of ₹18 per equity share and adopted the audited financial statements for the fiscal year ended March 31, 2026, at its 26th Annual General Meeting held on July 29, 2026. The resolutions passed with overwhelming support from promoter and public non-institutional shareholders, confirming continued confidence in the company’s governance and capital allocation strategy despite notable institutional dissent on executive remuneration and fixed deposit renewals.

The AGM was conducted in compliance with Section 108 of the Companies Act, 2013, and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S. Muthuraju, Practicing Company Secretary (CP No: 4181), served as the scrutinizer for the poll. The e-voting window remained open from July 26 to July 28, 2026, with a cutoff date of July 22, 2026, for determining voting eligibility. A total of 87 shareholders participated in person or through proxy at the physical meeting held at the Tamilnadu Chamber of Commerce in Madurai.

Voting Outcomes on Key Resolutions

The most significant shareholder approval was for the declaration of a final dividend of ₹18 per equity share of face value ₹10 each, representing a payout ratio of 180%. This resolution received 99.9999% affirmative votes on the total votes polled, with zero votes against from the promoter group and public institutions. The adoption of the audited financial statements for FY26 also passed with near-unanimous support, securing 99.9999% affirmative votes.

Director Yamuna Vasini Deva Dasi, who retired by rotation, was reappointed by the shareholders. While the promoter group voted unanimously in favor, public institutions cast 120,576 votes against the reappointment, resulting in a total support rate of 99.5498%. Public non-institutional shareholders showed strong backing, with only 44 votes cast against.

Executive Remuneration Revisions

The company sought approval for remuneration revisions for four senior executives. All proposals passed due to unanimous support from the promoter group, which holds a controlling stake. However, public institutional investors expressed significant dissent on these resolutions, particularly regarding the General Manager – Diamond and People Care.

The company sought approval to revise the remuneration of the following executives:

• B. Rajeshkanna, Chief Financial Officer — 91.5896% overall support; 28.7199% institutional dissent
• N. B. Arun, Vice President – Operations and People Care — 91.4103% overall support; 29.3777% institutional dissent
• R. Gokul, Vice President - IT, Finance and Secretarial — 91.4154% overall support; 29.3777% institutional dissent
• P. Shylaja, General Manager - Diamond and People Care — 89.6348% overall support; 35.3635% institutional dissent

The highest level of institutional opposition was recorded for Mrs. P. Shylaja’s remuneration revision, where public institutions voted 35.3635% against the proposal. Despite this, the promoter group’s unanimous support ensured all remuneration resolutions were passed.

Fixed Deposit Renewal Approval

Shareholders also approved the acceptance and renewal of fixed deposits pursuant to Sections 73 and 76 of the Companies Act, 2013. This resolution received 93.8726% support overall. While promoters and public non-institutional shareholders voted almost entirely in favor, public institutions cast 1,641,532 votes against the renewal, representing 26.4773% of their polled votes. This indicates a segment of institutional investors may be cautious about the company’s reliance on or terms associated with fixed deposit funding.