Thangamayil Jewellery Ltd Share Price – NSE /  BSE

Diamond, Gems and Jewellery, Small Cap

Net loss of Thangamayil Jewellery reported to Rs 17.44 crore in the quarter ended September 2024 as against net profit of Rs 8.39 crore during the previous quarter ended September 2023. Sales rose 18.75% to Rs 1178.10 crore in the quarter ended September 2024 as against Rs 992.11 crore during the previous quarter ended September 2023.

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Thangamayil Jewellery will hold a meeting of the Board of Directors of the Company on 6 November 2024

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The company will raise funds way of issue of equity shares of the company of face value Rs 10 each through rights issue for an amount not exceeding Rs 600 crore to the eligible equity shareholders of the company as on the record date.

“The board also approved the formation of a rights issue committee for the said Rights Issue to decide on the terms and conditions of the rights issue including but not limited to the rights entitlement ratio, the issue price, record date, timing of the rights issue and other related matters,” the company stated in regulatory filing.

Thangamayil Jewellery in the business of GOLD JEWELLERY, DIAMOND AND SILVER ARTICLES, WHICH constitutes a single business segment.

The company’s consolidated net profit declined 3.5% to Rs 56.56 crore on 27.3% jump in net sales to Rs 1,220.33 crore in Q1 FY25 over Q1 FY24.

Shares of Thangamayil Jewellery shed 0.88% to Rs 2,313.85 on the BSE.

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The company will consider the proposal for raising of funds by issuance of equity shares or convertible bonds or debentures or any other securities, through permissible modes including but not limited to a rights issue, preferential issue or qualified institutions placement, as may be permitted under applicable law.

Thangamayil Jewellery in the business of Gold Jewellery, Diamond and Silver Articles, which constitutes a single business segment.

The company’s consolidated net profit declined 3.5% to Rs 56.56 crore on 27.3% jump in net sales to Rs 1,220.33 crore in Q1 FY25 over Q1 FY24.

Shares of Thangamayil Jewellery declined 1.11% to Rs 2,309.55 on the BSE. It hit an all-time high of Rs 2,451.15 in intraday session.

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