Thangamayil Jewellery Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 28, 2025. Further, the company has informed the Exchange regarding voting results.
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Thangamayil Jewellery held its 25th AGM on July 28, 2025 in Madurai. The Chairman reported FY25 turnover of Rs. 4,910.58 Crores and net profit of Rs. 117.88 Crores after tax. Retail sales in value terms grew 27%, though the company spent significantly on brand promotional activities. The Rs. 510 Crores rights issue completed in February 2025 is being used to expand showrooms, including a flagship T.Nagar Chennai store opened on February 23, 2025, and four new branches opened between April and July 2025. The company hedged 96% of its inventory, cushioning against gold price swings. Akshaya Thrithiyai 2025 retail sales touched Rs. 158.80 Crores. All six resolutions — including adoption of financial statements, final dividend, re-appointment of a director and an independent director, appointment of secretarial auditor, and acceptance of deposits — were passed with 100% votes in favour (33,799 votes by 49 members).
Unanimous shareholder approval on all resolutions points to stable governance and no shareholder dissent. The showroom expansion drive and healthy FY25 numbers are positive for long-term growth, though heavy brand spend and near-full inventory hedging may continue to cap short-term inventory gains from rising gold prices.