Thangamayil Jewellery Limited announced today that its Rights Issue Committee has approved the allotment of 36.4 lakh fully paid-up equity shares as part of its rights issue. The allotment follows the finalisation of the Basis of Allotment, in consultation with the Lead Manager, Registrar to the Issue, and BSE Limited, the Designated Stock Exchange.The shares, with a face value of ₹10 each, were issued at a price of ₹1,400 per share, which includes a premium of ₹1,390. This allotment increases the company’s paid-up equity share capital from ₹27.43 crore to ₹31.08 crore. The newly issued shares will rank on equal footing as the existing fully paid-up equity shares of the company.
The Rights Issue, which was previously communicated in several filings including on September 23, 2024, and February 28, 2025, aims to raise funds through the issue of equity shares to eligible shareholders, including renouncees.
On the financial front, Lakshmanan said Thangamayil reported revenue of ₹3,530 crore for the nine months of FY25, marking a 24% year-on-year (YoY) growth in retail revenue. Gold volumes increased by 4%, while diamond volumes rose by 14%. The company expects to close the financial year with a stronger performance than its nine-month YoY growth.In the October-December quarter of 2024 (Q3FY25), Thangamayil posted a revenue increase of 26.5% YoY to ₹1,131.64 crore, with earnings before interest, taxes, depreciation and amortisation (EBITDA) surging 65.6% to ₹82.35 crore. Margins improved from 5.6% to 7.3%, while profit after tax (PAT) grew by 72.1% to ₹48.19 crore.
The Rights Issue, which was previously communicated in several filings including on September 23, 2024, and February 28, 2025, aims to raise funds through the issue of equity shares to eligible shareholders, including renouncees.
On the financial front, Lakshmanan said Thangamayil reported revenue of ₹3,530 crore for the nine months of FY25, marking a 24% year-on-year (YoY) growth in retail revenue. Gold volumes increased by 4%, while diamond volumes rose by 14%. The company expects to close the financial year with a stronger performance than its nine-month YoY growth.In the October-December quarter of 2024 (Q3FY25), Thangamayil posted a revenue increase of 26.5% YoY to ₹1,131.64 crore, with earnings before interest, taxes, depreciation and amortisation (EBITDA) surging 65.6% to ₹82.35 crore. Margins improved from 5.6% to 7.3%, while profit after tax (PAT) grew by 72.1% to ₹48.19 crore.
Thangamayil’s market capitalisation stands at ₹5,463.96 crore, with its shares gaining nearly 44% over the past year.
The company’s shares ended at a price of ₹1,734.45 today, 0.5% higher than Thursday’s close. The stock has fallen nearly 6% in the five trading days.
