Thangamayil Jewellery has opened two new stores in Chennai on August 23, 2026, taking its total store count to over 66 outlets across Tamil Nadu.

Store expansion highlights

The latest openings mark a continued push by Thangamayil Jewellery to deepen its retail presence in Tamil Nadu. The two new stores are located in Mogappair West and Purasaiwakkam, key residential and commercial hubs in the city.

The Mogappair West showroom spans 6,270 sq ft, while the Purasaiwakkam outlet covers 8,746 sq ft. Both locations have been designed to offer a modern shopping experience, featuring collections of gold, diamond, and silver jewellery.

Mr. Ba. Ramesh, Joint Managing Director of Thangamayil Jewellery Limited, stated that these flagship showrooms reflect the company's commitment to offering an unparalleled jewellery shopping experience with fine craftsmanship and transparency.

With over 66 stores now operational in Tamil Nadu, Thangamayil Jewellery continues to expand its footprint across the state. The company, headquartered in Madurai, currently boasts a total operating area of approximately 149,000 square feet across Tamil Nadu.

Promoter group entity Balusamy Silvears Jewellery Private Limited acquired 1,330 equity shares of Thangamayil Jewellery Ltd on August 7, 2026, further consolidating its holding in the listed jewellery firm. The acquisition was executed through open market purchases on the National Stock Exchange of India Ltd (NSE) at a price of ₹5,249.9184 per share, bringing the total transaction value to ₹6,98,239.1472. This move increases Balusamy Silvears' stake in the company to 1.7636% of the total voting capital, following a previous acquisition in early August.

The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Yamuna Vasini Deva Dasi, Director at Balusamy Silvears Jewellery Private Limited, signed the disclosure dated August 10, 2026, which was submitted to Thangamayil Jewellery Limited's Company Secretary. Copies were also sent to the NSE and BSE Limited for regulatory record-keeping.

Shareholding Details

Prior to this acquisition, Balusamy Silvears held 5,46,836 equity shares, constituting 1.7593% of Thangamayil Jewellery's total share capital. The purchase of 1,330 additional shares raised its total holding to 5,48,166 shares. There were no encumbrances, pledges, or liens reported on these shares, nor were there any voting rights held otherwise than by shares or warrants convertible into equity.

Transaction Particulars

The trade was executed solely on the NSE, with no derivative trading reported in connection with this acquisition. The total diluted share/voting capital of Thangamayil Jewellery remains unchanged at 31,082,021 shares with a face value of ₹10 each. The acquisition does not trigger any open offer obligations under the SEBI Takeover Code as the stake increase is marginal and well below the prescribed thresholds for substantial acquisition disclosures requiring further action beyond this notification.

What the Numbers Show

The acquisition represents a continued routine consolidation of holdings by a promoter group entity rather than a strategic shift in ownership structure. With a pre-acquisition stake of 1.7593%, Balusamy Silvears maintains a significant but non-controlling position within the promoter group's broader holding pattern. The execution price of ₹5,249.9184 per share reflects the market valuation at the time of trade on August 7, 2026. Given the small volume of 1,330 shares relative to the total outstanding capital, this transaction is indicative of regular portfolio management by the promoter group rather than a signal of imminent corporate action or control change.