Thangamayil Jewellery has disclosed that its promoters have not created any fresh encumbrances on their shareholdings during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges on April 7, 2026, confirms that no new charges were established on the shares held by the promoters or their Persons Acting in Concert (PAC) during FY26. This compliance filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The company submitted the disclosures on behalf of its promoters, including Balarama Govinda Das, Ba. Ramesh, and N.B. Kumar. In their respective declarations dated April 6, 2026, each promoter affirmed that they had not created any encumbrance on the shares held in the target company, either directly or indirectly. The confirmations specified that any existing encumbrances were limited to those already disclosed to the stock exchanges in accordance with the regulations.

The filing was formally communicated to BSE Limited and the National Stock Exchange of India Limited by K. Narayanan, the Company Secretary of Thangamayil Jewellery Limited. The submission ensures transparency regarding the pledging or encumbrance status of promoter holdings, a key metric for investor assessment.

Promoter Disclosures

The following table summarizes the key details of the regulatory disclosure:

The absence of new encumbrances indicates that the promoters have maintained their shareholding positions without additional leveraging during the specified period.

Thangamayil Jewellery Limited has filed its Integrated Annual Report for FY 2025-26, reporting its highest-ever financial performance alongside the notice convening its 26th Annual General Meeting (AGM) scheduled for Wednesday, 29th July 2026, at 11:30 a.m. (IST) at Tamilnadu Chamber of Commerce & Industry, Madurai. The company posted revenue of ₹849,933 lakhs, a 73% year-on-year surge driven by newly operational Chennai retail outlets and a sharp escalation in gold and silver prices throughout the year. Profit after tax (PAT) jumped 196% to ₹35,165 lakhs, marking the highest-ever bottom line in the company's history. The Board has recommended a dividend of ₹18.00 per equity share (180%) for the fiscal year, subject to shareholder approval.

Record Financial Performance in FY2025-26

The company delivered its strongest-ever results across all key financial parameters. Revenue grew 73% year-on-year, significantly contributed by the newly operational Chennai retail outlets. EBITDA growth of 157% was supported by escalating gold and silver prices, while PAT growth of 196% was achieved despite elevated expenses from Chennai expansion outlets, reflecting the company's disciplined cost management model. The following table summarises the key financial metrics:

The five-year CAGR in revenue stood at 40.31% and in PAT at 73.80%, underscoring consistent long-term growth. The company's net worth (adjusted) rose to ₹141,600 lakhs from ₹110,235 lakhs in the previous year, while the book value per share improved to ₹456 from ₹355.

Five-Year Financial Highlights

The annual report provides a comprehensive five-year review, illustrating the company's sustained growth trajectory across key indicators.

Key Operating Performance Indicators

Several operational metrics also recorded significant improvements in FY2025-26, reflecting the company's expanding scale and efficiency.

The company's overall live customer base increased to 45 lakhs from 32 lakhs, registering a growth of 41%, the highest in the company's history. Customer advances rose to ₹1,418.87 crore in FY26 from ₹607.44 crore in FY25. Available working capital surplus including undrawn eligible drawing power from banks reached ₹59,726 lakhs by 31st March 2026.

Retail Expansion and Chennai Division

During FY2025-26, the company opened 10 new outlets at an outlay of ₹78,298 lakhs, funded through equity, customer advances, and bank borrowings. The Chennai division contributed nearly 20% of total revenue on an annualised basis. The company's urban contribution scaled up to 41.93% in FY2025-26 from 30.62% in FY2024-25. The following table captures the Chennai Metro performance metrics:

For FY2026-27, the company has planned to open at least nine additional outlets in the Chennai Metro and surrounding areas, with civil and interior work already commenced at five locations. The entire Phase II expansion is targeted for completion by 31st December 2026, with necessary banking sanctions of up to ₹1,412 crores already secured.

AGM Agenda and Special Business Resolutions

The 26th AGM will be held at Tamilnadu Chamber of Commerce & Industry, No. 178-B, Kamarajar Salai, Madurai – 625009. The register of members will remain closed from 23rd July 2026 to 29th July 2026 (both days inclusive). Shareholders will vote on ordinary business including adoption of financial statements, re-appointment of Director Smt. Yamuna Vasini Deva Dasi, and declaration of dividend.

The meeting will also seek shareholder approval for special resolutions, including revision of remuneration for four key managerial personnel effective from 1st April 2026. The details are as follows:

Additionally, the company seeks approval to invite, accept, and renew deposits from the public and shareholders for FY2026-27 up to an aggregate amount of ₹49,560 lakhs (Public: ₹35,400 lakhs; Shareholders: ₹14,160 lakhs).

Import Duty Change and Inventory Impact

The Government of India, on 13th May 2026, increased the import duty on gold and silver from 6% to 15% with immediate effect. The company noted that this steep rise in import duty by 150% may result in inventory gains of around ₹60 crores at current market prices prevailing for gold and silver products. The company is monitoring the impact of this policy change on consumer demand, noting that exchange gold sales have already risen from a historic average of around 25% to a range of 50% to 60% of current sales.

Corporate Governance and CSR

The company's Board comprises eight directors, including four independent directors (50%), fulfilling regulatory requirements. Eight Board meetings were held during FY2025-26. The company incurred CSR expenditure of ₹289.49 lakhs during the financial year ended 31st March 2026, against an obligation of ₹288.63 lakhs, covering health care and wellness, food assistance, education assistance, Green and Sustainable Gaushala, eye camps, and environment initiatives. The company paid GST of ₹25,732 lakhs and income tax of ₹10,462 lakhs during the year. Government payouts in total stood at ₹36,194 lakhs, reflecting a five-year CAGR of 44.19%.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE085J01014/c56c8232f3484c93.pdf