Thangamayil jewellery Limited has officially announced the appointment of CS K. Narayanan as Company Secretary and Compliance Officer, effective 02nd February, 2026. The appointment was formalized through a Board of Directors meeting conducted via video conferencing, demonstrating the company's commitment to strengthening its governance framework.

Board Meeting and Approval Process

The Board of Directors convened through video conferencing on 02nd February, 2026, to approve the strategic appointment. The meeting was efficiently conducted, commencing at 12.00 p.m. and concluding at 12.15 p.m., reflecting streamlined decision-making processes.

Appointee Profile and Qualifications

CS K. Narayanan brings significant expertise to his new role as a qualified member of the Institute of Company Secretaries of India. His appointment strengthens the company's regulatory compliance capabilities and corporate governance standards.

Regulatory Compliance Framework

The appointment has been executed in full compliance with regulatory requirements. The company has adhered to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 ensures all regulatory standards are met.

Stock Exchange Notifications

Thangamayil Jewellery Limited has formally notified both major stock exchanges about this key appointment:

This leadership appointment represents a strategic enhancement to the company's management structure, ensuring robust corporate governance and regulatory compliance in the competitive jewelry retail sector. The addition of an experienced company secretary reinforces Thangamayil Jewellery Limited's commitment to maintaining high standards of corporate governance and operational excellence.

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.