Thangamayil jewellery Limited has announced a key leadership appointment, naming CS K. Narayanan as the company's new Company Secretary and Compliance Officer. The appointment, effective 02nd February, 2026, was approved during a Board of Directors meeting conducted via video conferencing on the same date.

Board Approval and Meeting Details

The Board of Directors convened through video conferencing on 02nd February, 2026, to formalize the appointment. The meeting commenced at 12.00 p.m. and concluded at 12.15 p.m., demonstrating efficient decision-making processes.

Appointee Profile and Qualifications

CS K. Narayanan is a qualified member of the Institute of Company Secretaries of India, bringing relevant experience in corporate secretarial, compliance and regulatory matters to his new role. The appointment strengthens the company's governance framework and regulatory compliance capabilities.

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also complied with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, ensuring all regulatory requirements are met.

Key Appointment Details

The appointment represents a strategic addition to the company's leadership team:

• Position: Company Secretary and Compliance Officer
• Key Managerial Personnel designation: Confirmed
• Relationship with existing directors: Not applicable
• Term commencement: 02nd February, 2026

This leadership appointment reflects Thangamayil Jewellery Limited's commitment to maintaining robust corporate governance standards and regulatory compliance. The addition of an experienced company secretary strengthens the organization's ability to navigate complex regulatory requirements in the jewelry retail sector.

Thangamayil Jewellery Ltd expects to cross ₹7,500 crore in revenue for FY26, driven by strong momentum across gold, silver and diamond segments. The Tamil Nadu-based retail jewellery chain has revised its full-year revenue guidance upward from the earlier target of ₹7,000 crore, according to SM Lakshmanan, VP-Finance & Accounts.

Strong Financial Performance in Nine Months

The company delivered robust performance during the first nine months of FY25-26, achieving significant growth across key metrics:

The improved EBITDA margin of 6.27% compared to 4.90% in the previous year's nine months was primarily driven by Chennai showrooms scaling up and increased non-gold revenue contribution.

Expansion Strategy and Store Network Growth

Thangamayil Jewellery opened 10 new showrooms during the first nine months of the current financial year, bringing the total store count to 66. The expansion was strategically focused on key markets:

The company plans to launch its second phase of expansion in and around Chennai from the first quarter of FY27. While specific store numbers for the upcoming expansion will be shared by Q4, management confirmed that the expansion plans remain on track.

Revenue Mix and Regional Performance

Chennai showrooms have emerged as a significant revenue contributor, with their composition reaching 17% for the nine months and expected to cross 20% on a full-year basis. The non-gold revenue segment showed particularly strong growth at 65% year-on-year, compared to earlier levels of 20-40%.

Hedging Strategy and Risk Management

The company maintains a conservative approach to inventory hedging:

Management indicated plans to potentially increase silver hedging levels from the current 35%, historically maintaining hedging levels between 65-75% and elevated to 85-95% as policy. The company's focus remains on operating profitability given the high gold hedging ratio.

Market Performance

The company, with a current market capitalisation of ₹11,656.22 crore, has seen its shares gain more than 124% over the last year. The strong financial performance and expansion plans have contributed to investor confidence in the jewellery retailer's growth trajectory.