Thangamayil Jewellery MD, chairman, board of directors and AGM
NSE: THANGAMAYLBSE: 533158Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹4,782.50.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹14,579 Cr495th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 29 Jul 2026
- 37.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 15 May 2026
- 10.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.38%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 29 Jul 2026
- 31.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 29 Jul 2026
- 25.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 15 May 2026
- 0.58
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 55,56842.9% delivered
Thangamayil Jewellery board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorBALARAMA GOVINDA DAS
- Company Secretary and Compliance OfficerK. NARAYANAN
8 directors4 independent3 executive1 non-executive
- BALARAMA GOVINDA DAS · Chairperson and managing directorExecutive · joined May 2001 · reappointed Dec 2022 · 0 months as independent · 1 listed board · 1 committee seat
- BA RAMESHExecutive · joined May 2001 · reappointed Dec 2022 · 0 months as independent · 1 listed board · 2 committee seats
- N B KUMARExecutive · joined May 2001 · reappointed Dec 2022 · 0 months as independent · 1 listed board · 1 committee seat
- YAMUNA VASINI DEVA DASINon-executive · joined Feb 2015 · reappointed Jul 2025 · 0 months as independent · 1 listed board
- S.M. CHANDRASEKARANIndependent · joined Mar 2020 · reappointed Mar 2025 · 78 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- RAJAKUMARI JEEVAGANIndependent · joined Sep 2020 · reappointed Sep 2025 · 72 months as independent · 1 listed board · 1 as independent · 1 committee seat
- N JEGATHEESANIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 1 committee seat
- K THIRUPATHI RAJANIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 29 Jul 20268 of 8 present4 independent · 74 days in between
- 15 May 20268 of 8 present4 independent
Audit Committee
Chair S.M. CHANDRASEKARAN
N JEGATHEESAN, RAJAKUMARI JEEVAGAN, BA RAMESH
- 28 Jul 20264 of 4 present3 independent · 73 days in between
- 15 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair S.M. CHANDRASEKARAN
N JEGATHEESAN, RAJAKUMARI JEEVAGAN, BALARAMA GOVINDA DAS
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair S.M. CHANDRASEKARAN
BALARAMA GOVINDA DAS, BA RAMESH, N B KUMAR
No meeting listed in the filing.
Risk Management Committee
Chair BALARAMA GOVINDA DAS
S.M. CHANDRASEKARAN, K THIRUPATHI RAJAN, BA RAMESH, N B KUMAR
- 18 Aug 20264 of 5 present2 independent · 208 days in between
- 21 Jan 20265 of 5 present2 independent
Corporate Social Responsibility Committee
Chair BALARAMA GOVINDA DAS
BA RAMESH, N B KUMAR, S.M. CHANDRASEKARAN
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- B.THIAGARAJAN & COPeer-review certificate valid to Sep 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Thangamayil Jewellery AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Thangamayil Jewellery dividend history
Annual general meeting, 29 Jul 2026
56,269 shareholders on the register on 22 Jul 2026; present: 10 promoters and 77 others; votes counted by S. MUTHURAJU / S. MUTHURAJU.The company's voting result (opens in a new tab)
- 1 - Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 86.16% · promoters 99.94% · institutions 89.29% · other public 29.07%
- 2 - Re-appointment of Yamuna Vasini Deva Dasi , who retires by rotation and, being eligible, offers herself for re-appointment.Ordinary99.55% for0.45% against
Against: promoters 0.00% · institutions 1.94% · other public 0.00%
Turnout: all 86.19% · promoters 99.94% · institutions 89.43% · other public 29.07%
- 3 - Declaration of a dividend of Rs.18/- (Rupees Eighteen only) per equity share of face value Rs.10/- each (180%) for the financial year ended 31st March, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 86.19% · promoters 99.94% · institutions 89.43% · other public 29.07%
- 4 - Approval for revision in the remuneration of Mr. B. Rajeshkanna, Chief Financial Officer.OrdinaryPromoters have an interest in it91.59% for8.41% against
Against: promoters 0.00% · institutions 28.72% · other public 0.01%
Turnout: all 68.12% · promoters 70.76% · institutions 89.43% · other public 28.48%
- 5 - Approval for revision in the remuneration of Mr. N. B. Arun, Vice President – Operations and People Care.OrdinaryPromoters have an interest in it91.41% for8.59% against
Against: promoters 0.00% · institutions 29.38% · other public 0.01%
Turnout: all 68.23% · promoters 70.78% · institutions 89.43% · other public 29.06%
- 6 - Approval for revision in the remuneration of Mr. R. Gokul, Vice President - IT, Finance and Secretarial.OrdinaryPromoters have an interest in it91.42% for8.58% against
Against: promoters 0.00% · institutions 29.38% · other public 0.01%
Turnout: all 68.27% · promoters 70.84% · institutions 89.43% · other public 29.07%
- 7 - Approval for revision in the remuneration of Mrs. P. Shylaja, General Manager - Diamond and People Care.OrdinaryPromoters have an interest in it89.63% for10.37% against
Against: promoters 0.00% · institutions 35.36% · other public 0.01%
Turnout: all 68.06% · promoters 70.50% · institutions 89.43% · other public 29.07%
- 8 - Approval for acceptance and renewal of Fixed Deposits pursuant to Sections 73 and 76 of the Companies Act, 2013.Ordinary93.87% for6.13% against
Against: promoters 0.00% · institutions 26.48% · other public 0.00%
Turnout: all 86.19% · promoters 99.94% · institutions 89.43% · other public 29.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 28 Jul 2025, 6 resolutions
50,552 shareholders on the register on 21 Jul 2025; present: 11 promoters and 74 others; votes counted by MUTHURAJU S / MUTHURAJU S.The company's voting result (opens in a new tab)
- 1 - Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 82.04% · promoters 99.94% · institutions 93.69% · other public 12.63%
- 2 - Re-appointment of director Smt. Yamuna Vasini Deva Dasi who retires by rotation and being eligible offers herself for re-appointment.OrdinaryPromoters have an interest in it99.94% for0.06% against
Against: promoters 0.00% · institutions 0.28% · other public 0.03%
Turnout: all 82.04% · promoters 99.94% · institutions 93.69% · other public 12.63%
- 3 - Declaration of final dividend on equity shares for the financial year 2024-25.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 82.04% · promoters 99.94% · institutions 93.69% · other public 12.63%
- 4 - Re-appointment of Dr. Mrs. Rajakumari Jeevagan as an Independent Director for consecutive term of 5 years.Special96.80% for3.20% against
Against: promoters 0.00% · institutions 14.49% · other public 0.03%
Turnout: all 82.04% · promoters 99.94% · institutions 93.69% · other public 12.63%
- 5 - Appointment of Mr.S. Muthuraju, Practising Company Secretary, Madurai, as Secretarial Auditor for a term of 5 years.Ordinary99.84% for0.16% against
Against: promoters 0.00% · institutions 0.71% · other public 0.03%
Turnout: all 82.04% · promoters 99.94% · institutions 93.69% · other public 12.63%
- 6 - Seeking consent of the shareholders for Acceptance and renewal of Fixed Deposits u/s.73 and 76 of the Companies Act, 2013.Ordinary94.39% for5.61% against
Against: promoters 0.00% · institutions 25.36% · other public 0.03%
Turnout: all 82.04% · promoters 99.94% · institutions 93.69% · other public 12.63%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 10 May 2025, 1 resolution
46,110 shareholders on the register on 8 Apr 2025; votes counted by S MUTHURAJU / S MUTHURAJU.The company's voting result (opens in a new tab)
- Re-appointment of Mr.S.M.Chandrasekaran( 08719332) as an Independent DirectorSpecialPromoters have an interest in it96.53% for3.47% against
Against: promoters 0.00% · institutions 16.26% · other public 0.01%
Turnout: all 82.68% · promoters 99.88% · institutions 91.74% · other public 18.70%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Jul 2024, 10 resolutions
Present: 12 promoters and 73 others.The company's voting result (opens in a new tab)
- 1 - Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereonOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 2 - Re-appointment of director Smt. Yamuna Vasini Deva Dasi who retires by rotation and being eligible offers herself for re-appointment.OrdinaryPromoters have an interest in it92.94% for7.06% against
Against: promoters 0.00% · institutions 45.30% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 3 - Declaration of final dividend on equity shares for the financial year 2023-24.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 4 - Appointment of Dr. N. Jegatheesan as an Independent Director in the place of Independent Directors who retires on completion of tenure as per Companies Act, 2013.SpecialPromoters have an interest in it93.93% for6.07% against
Against: promoters 0.00% · institutions 38.92% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 5 - Appointment of Shri. K. Thirupathi Rajan as an Independent Director in the place of Independent Directors who retires on completion of tenure as per Companies Act, 2013.SpecialPromoters have an interest in it93.93% for6.07% against
Against: promoters 0.00% · institutions 38.92% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 6 - Approval of the revision of Managerial Remuneration to Shri. Balarama Govinda Das Managing Director.OrdinaryPromoters have an interest in it99.72% for0.28% against
Against: promoters 0.00% · institutions 1.80% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 7 - Approval of the revision of Managerial Remuneration to Shri. Ba. Ramesh Joint Managing Director.OrdinaryPromoters have an interest in it99.72% for0.28% against
Against: promoters 0.00% · institutions 1.80% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 8 - Approval of the revision of Managerial Remuneration to Shri. N.B. Kumar Joint Managing Director.OrdinaryPromoters have an interest in it99.72% for0.28% against
Against: promoters 0.00% · institutions 1.80% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 9 - Approval of the revision of Remuneration to Shri. Gokul General Manager.OrdinaryPromoters have an interest in it99.07% for0.93% against
Against: promoters 0.00% · institutions 5.95% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
- 10 - Seeking consent of the shareholders for Acceptance and renewal of Deposits u/s.73 & 76 of the Companies Act, 2013.OrdinaryPromoters have an interest in it99.34% for0.66% against
Against: promoters 0.00% · institutions 4.24% · other public 0.01%
Turnout: all 82.83% · promoters 99.89% · institutions 97.99% · other public 13.66%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 5 Jul 2023, 8 resolutions
Present: 12 promoters and 57 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Balance Sheet as at 31.03.2023 & the Profit & Loss Account along with Report of Directors, Auditors and Secretarial auditor thereonOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 2 - Reappointment of Director Smt. Yamuna Vasini Deva Dasi.OrdinaryPromoters have an interest in it93.61% for6.39% against
Against: promoters 0.00% · institutions 44.17% · other public 0.03%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 3 - Declaration of Final dividend.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 4 - Seeking consent of the shareholders of the company to approve issue of Bonus shares as recommended by the Board of Directors of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 5 - Seeking consent of the shareholders for the increase in Authorized Capital of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 6 - Seeking consent of the shareholders for alteration of the Capital clause V of the Memorandum of Association of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 7 - Seeking consent of the shareholders for alteration of Article 3 of the Articles of association of the Company.SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
- 8 - Seeking consent of the shareholders for acceptance and renewal of fixed deposits from public and shareholders of the Company.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 80.54% · promoters 99.58% · institutions 99.85% · other public 9.53%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 4 Aug 2022, 9 resolutions
Present: 15 promoters and 53 others.The company's voting result (opens in a new tab)
- 1.Adoption of the Audited Balance Sheet as at March 31,2022 and the Profit and Loss account made upto that date along with the report of the Directors, Auditors thereon.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 2 - Reappointment of Director Smt. Yamuna Vasini Deva DasiOrdinaryPromoters have an interest in it93.66% for6.34% against
Against: promoters 0.00% · institutions 44.00% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 3 - Declaration of Final Dividend.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 4 - To appoint Statutory Auditors for the Company in place of M/s. Srinivasan and Padmanabhan, Chartered Accountants, Chennai.Ordinary99.81% for0.19% against
Against: promoters 0.00% · institutions 1.30% · other public 0.02%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 5 - Reappointment of Shri Balarama Govinda Das as Managing Director of the Company for a further period of 5 Years.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 6 - Reappointment of Shri BA. Ramesh as Joint Managing Director of the Company for a further period of 5 Years.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 7 - Reappointment of Shri N.B. Kumar as Joint Managing Director of the Company for a further period of 5 Years.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 8 - Approval for the Remuneration payable to Shri B. Rajeshkanna, Chief Financial Officer of the Company.SpecialPromoters have an interest in it93.66% for6.34% against
Against: promoters 0.00% · institutions 44.00% · other public 0.08%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
- 9 - Seeking approval for the Company to invite accept and renew deposits from Public and Shareholders of the Company for the current financial year 2022-23.Ordinary99.81% for0.19% against
Against: promoters 0.00% · institutions 1.30% · other public 0.01%
Turnout: all 80.65% · promoters 100.00% · institutions 100.00% · other public 10.96%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 1 Aug 2018, 7 resolutions
Present: 9 promoters and 32 others.The company's voting result (opens in a new tab)
- TO CONSIDER AND ADOPT THE AUDITED BALANCE SHEET AS AT 31.03.2018 & THE PROFIT & LOSS ACCOUNT ALONG WITH REPORT OF DIRECTORS, AUDITORS AND SECRETARIAL AUDITOR THEREON.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
- TO APPOINT A DIRECTOR IN PLACE OF SMT.YAMUNA VASINI DEVA DASI WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HERSELF FOR RE-APPOINTMENTOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
- TO DECLARE A DIVIDEND ON EQUITY SHARESOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
- TO APPROVE REVISION OF MANAGERIAL REMUNERATION TO SHRI.BALARAMA GOVINDA DAS AS MANAGING DIRECTOROrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
- TO APPROVE REVISION OF MANAGERIAL REMUNERATION TO SHRI.BA.RAMESH AS JOINT MANAGING DIRECTOROrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
- TO APPROVE REVISION OF MANAGERIAL REMUNERATION TO SHRI.N.B.KUMAR AS JOINT MANAGING DIRECTOROrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
- TO GIVE CONSENT FOR ACCEPTANCE OF DEPOSITS U/S. 73 & 76 OF THE COMPANIES ACT, 2013Ordinary99.77% for0.23% against
Against: promoters 0.00% · institutions 2.70% · other public 0.00%
Turnout: all 73.07% · promoters 100.00% · institutions 92.18% · other public 1.89%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 29 Jul 2026, 5 fund houses so far (houses' deadline to file 15 Oct 2026)
- 1 - Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and the Auditors thereon.5 for0 against
- 2 - Re-appointment of Yamuna Vasini Deva Dasi , who retires by rotation and, being eligible, offers herself for re-appointment.5 for0 against
- 3 - Declaration of a dividend of Rs.18/- (Rupees Eighteen only) per equity share of face value Rs.10/- each (180%) for the financial year ended 31st March, 2026.5 for0 against
- 4 - Approval for revision in the remuneration of Mr. B. Rajeshkanna, Chief Financial Officer.
Against Angel One Mutual Fund, HSBC Mutual Fund
- Angel One Mutual FundPrior shareholders’ approval not sought.Governance concern: Inadequate disclosures about credentials of appointee (Age, Qualification & experience) and the basis of arriving at the proposed pay. Fairness of proposed remuneration cannot be ascertained.
- HSBC Mutual FundA vote AGAINST these resolutions is warranted in view of the following concerns in the executive's remuneration: • There is lack of a detailed profile on the skills and qualifications of the nominees. • The proposals are deemed a related-party-transaction, and the proposed mandate may limit shareholders' rights to review and vote on the said transaction on a periodic basis.
3 for2 against - 5 - Approval for revision in the remuneration of Mr. N. B. Arun, Vice President – Operations and People Care.
Against Angel One Mutual Fund, HSBC Mutual Fund
- Angel One Mutual FundPrior shareholders’ approval not sought.Governance concern: Inadequate disclosures about credentials of appointee (Age, Qualification & experience) and the basis of arriving at the proposed pay. Fairness of proposed remuneration cannot be ascertained.
- HSBC Mutual FundA vote AGAINST these resolutions is warranted in view of the following concerns in the executive's remuneration: • There is lack of a detailed profile on the skills and qualifications of the nominees. • The proposals are deemed a related-party-transaction, and the proposed mandate may limit shareholders' rights to review and vote on the said transaction on a periodic basis.
3 for2 against - 6 - Approval for revision in the remuneration of Mr. R. Gokul, Vice President - IT, Finance and Secretarial.
Against Angel One Mutual Fund, HSBC Mutual Fund
- Angel One Mutual FundPrior shareholders’ approval not sought.Governance concern: Inadequate disclosures about credentials of appointee (Age, Qualification & experience) and the basis of arriving at the proposed pay. Fairness of proposed remuneration cannot be ascertained.
- HSBC Mutual FundA vote AGAINST these resolutions is warranted in view of the following concerns in the executive's remuneration: • There is lack of a detailed profile on the skills and qualifications of the nominees. • The proposals are deemed a related-party-transaction, and the proposed mandate may limit shareholders' rights to review and vote on the said transaction on a periodic basis.
3 for2 against - 7 - Approval for revision in the remuneration of Mrs. P. Shylaja, General Manager - Diamond and People Care.
Against Angel One Mutual Fund, HSBC Mutual Fund
- Angel One Mutual FundPrior shareholders’ approval not sought.Governance concern: Inadequate disclosures about credentials of appointee (Age, Qualification & experience) and the basis of arriving at the proposed pay. Fairness of proposed remuneration cannot be ascertained.
- HSBC Mutual FundA vote AGAINST these resolutions is warranted in view of the following concerns in the executive's remuneration: • There is lack of a detailed profile on the skills and qualifications of the nominees. • The proposals are deemed a related-party-transaction, and the proposed mandate may limit shareholders' rights to review and vote on the said transaction on a periodic basis.
3 for2 against - 8 - Approval for acceptance and renewal of Fixed Deposits pursuant to Sections 73 and 76 of the Companies Act, 2013.
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted due to lack of compelling justification for the proposal.
4 for1 against
Mutual fund votes, meeting of 28 Jul 2025, 9 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- 1 - Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.8 for0 against
- 2 - Re-appointment of director Smt. Yamuna Vasini Deva Dasi who retires by rotation and being eligible offers herself for re-appointment.9 for0 against
- 3 - Declaration of final dividend on equity shares for the financial year 2024-25.8 for0 against
- 4 - Re-appointment of Dr. Mrs. Rajakumari Jeevagan as an Independent Director for consecutive term of 5 years.
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundGovernance concern: The Company does not have required number of retiring directors on the Board as required and Director is Nomination & Remuneration Committee member.
- Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit of proposed appointee. Governance concern: The Company does not have required number of retiring directors on the Board as required under Section 152 (6) (a) of the Companies Act, 2013 and Director is NRC member
6 for3 against - 5 - Appointment of Mr.S. Muthuraju, Practising Company Secretary, Madurai, as Secretarial Auditor for a term of 5 years.
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundNon-Disclosure of Secretarial Auditor’s Credentials; Proposed audit fee payable to Secretarial Auditors not disclosed. Governance concern: Failure to highlight previous non-compliance by the Company in the Secretarial Audit Report or Compliance Report.
- Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with SEBI (LODR) Regulations: Non-Disclosure of Secretarial Auditor’s Credentials; Proposed audit fee payable to Secretarial Auditors not disclosed. Governance concern: Failure to highlight previous non-compliance by the Company in the Secretarial Audit Report or Compliance Report.
6 for3 against - 6 - Seeking consent of the shareholders for Acceptance and renewal of Fixed Deposits u/s.73 and 76 of the Companies Act, 2013.
Against HSBC Mutual Fund
- HSBC Mutual FundA vote AGAINST this resolution is warranted due to lack of compelling justification for the proposal
7 for1 against
3 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 6, as a fund house numbered it1 for0 against
6 earlier meetings
Mutual fund votes, meeting of 10 May 2025, 8 fund houses
- Re-appointment of Mr.S.M.Chandrasekaran( 08719332) as an Independent Director
Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Angel One Mutual FundPrior approval of shareholders is not obtained for re-appointment as an Independent Director. Governance Concern: Combined position of Audit Committee & Nomination & Remuneration Committee Chairperson. single director acting as chairperson of both committees may lead to a concentration of power in the hands of a single individual and may not be in the best interest of corporate governance.
- Groww Mutual Fund, Motilal Oswal Mutual FundNo concern identified on the merit of proposed appointee. Re-appointment is not in accordance with Companies Act, 2013: Prior approval of shareholders is not obtained for re-appointment as an ID. Governance Concern: Combined position of AC & NRC Chairperson.
5 for3 against
Mutual fund votes, meeting of 25 Jul 2024, 2 fund houses
- 1 - Adoption of the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon2 for0 against
- 2 - Re-appointment of director Smt. Yamuna Vasini Deva Dasi who retires by rotation and being eligible offers herself for re-appointment.
Against DSP Mutual Fund
- DSP Mutual FundMs. Yamuna Vasini Deva Dasi, 67, belongs to the promoter family and has been associated with the company as its Non-Executive Director since February 2015. She has attended 67% (six out of nine) of the board meetings in FY24 and 58% (14 out of 24) of the board meetings in the last three years. We expect directors to attend all board meetings: we have a threshold of 75% attendance of the board meetings in the three-years prior to re-appointment. Given her low attendance, we are unable to support her reappointment.
1 for1 against - 3 - Declaration of final dividend on equity shares for the financial year 2023-24.2 for0 against
- 4 - Appointment of Dr. N. Jegatheesan as an Independent Director in the place of Independent Directors who retires on completion of tenure as per Companies Act, 2013.
Against DSP Mutual Fund
- DSP Mutual FundDr. N Jegatheesan, 65, is an entrepreneur and is in the business of export of flowers, manufacture of floral concretes & absolutes and export of medicinal herbs. He is also President of Tamilnadu Chamber of Commerce & Industry, Madurai. He is a Doctorate in Commerce and has also done his Bachelors of Law, with MK University. Public sources indicate that he is a partner of Agrimine Products LLP. We note that S Rethinavelu who is also Partner of Agrimine Products LLP has been on the board of Thangamayil Jewellery Ltd since September 2007 and is retiring from the board on 25 July 2024. We are unable to support the resolution due to the long-term association of the company with the firm. The company must consider classifying Dr. N Jegatheesan as non-executive non-independent director.
1 for1 against - 5 - Appointment of Shri. K. Thirupathi Rajan as an Independent Director in the place of Independent Directors who retires on completion of tenure as per Companies Act, 2013.
Against DSP Mutual Fund
- DSP Mutual FundK Thirupathi Rajan, 51, is a business entrepreneur with over twenty years of experience in the field of consumables and export of products such as groceries, spices, lentils, instant mixes, masala powders etc. He has done his MBA in Finance and International Marketing from MK University and MBL (Master of Business Law) from National Law School of India University Bangalore. Public sources indicate that he is a partner of Agrimine Products LLP. We note that S Rethinavelu who is also Partner of Agrimine Products LLP has been on the board of Thangamayil Jewellery Ltd since September 2007 and is retiring from the board on 25 July 2024. We are unable to support the resolution due to the long-term association of the company with the firm. The company must consider classifying Dr. N Jegatheesan as non-executive non-independent director.
1 for1 against - 6 - Approval of the revision of Managerial Remuneration to Shri. Balarama Govinda Das Managing Director.2 for0 against
- 7 - Approval of the revision of Managerial Remuneration to Shri. Ba. Ramesh Joint Managing Director.2 for0 against
- 8 - Approval of the revision of Managerial Remuneration to Shri. N.B. Kumar Joint Managing Director.2 for0 against
- 9 - Approval of the revision of Remuneration to Shri. Gokul General Manager.2 for0 against
- 10 - Seeking consent of the shareholders for Acceptance and renewal of Deposits u/s.73 & 76 of the Companies Act, 2013.2 for0 against
Mutual fund votes, meeting of 5 Jul 2023, 1 fund house
- To consider and adopt the Audited Balance Sheet as at 31.03.2023 & the Profit & Loss Account along with Report of Directors, Auditors and Secretarial auditor thereon1 for0 against
- 2 - Reappointment of Director Smt. Yamuna Vasini Deva Dasi.1 for0 against
- 3 - Declaration of Final dividend.1 for0 against
- 4 - Seeking consent of the shareholders of the company to approve issue of Bonus shares as recommended by the Board of Directors of the Company.1 for0 against
- 5 - Seeking consent of the shareholders for the increase in Authorized Capital of the Company.1 for0 against
- 6 - Seeking consent of the shareholders for alteration of the Capital clause V of the Memorandum of Association of the Company.1 for0 against
- 7 - Seeking consent of the shareholders for alteration of Article 3 of the Articles of association of the Company.1 for0 against
- 8 - Seeking consent of the shareholders for acceptance and renewal of fixed deposits from public and shareholders of the Company.1 for0 against
Mutual fund votes, meeting of 4 Aug 2022, 1 fund house
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- 1.Adoption of the Audited Balance Sheet as at March 31,2022 and the Profit and Loss account made upto that date along with the report of the Directors, Auditors thereon.1 for0 against
- 2 - Reappointment of Director Smt. Yamuna Vasini Deva Dasi1 for0 against
- 3 - Declaration of Final Dividend.1 for0 against
- 5 - Reappointment of Shri Balarama Govinda Das as Managing Director of the Company for a further period of 5 Years.1 for0 against
- 6 - Reappointment of Shri BA. Ramesh as Joint Managing Director of the Company for a further period of 5 Years.1 for0 against
- 7 - Reappointment of Shri N.B. Kumar as Joint Managing Director of the Company for a further period of 5 Years.1 for0 against
- 9 - Seeking approval for the Company to invite accept and renew deposits from Public and Shareholders of the Company for the current financial year 2022-23.1 for0 against
2 proposals not matched to one resolution
- 4) Appoint B. Thiagarajan & Co. as statutory auditors for five years and fix their remuneration.1 for0 against
- 8) Reappoint B. Rajeshkanna in office of profit as Chief Financial Officer at a remuneration of Rs 3 mn from 1 April 2022.1 for0 against
Mutual fund votes, meeting of 4 Mar 2022, 1 fund house
- Approve issuance of securities of upto Rs 4.0 bn by way of a Qualified Institutional Placement (QIP)1 for0 against
Mutual fund votes, meeting of 3 Mar 2022, 1 fund house
- 1) Approve issuance of securities of upto Rs. 4.0 bn by way of a Qualified Institutional Placement (QIP).1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Spent elsewhere, amount |
|---|---|---|---|---|---|---|
| Rights IssuesMar 2025, checked by CARE RATINGS LIMITED | 510.00 | Capital Expenditure towards setting up of 6 new retail stores | 8.71 | 2.29 | No | |
| Rights IssuesMar 2025, checked by CARE RATINGS LIMITED | 510.00 | Inventory required to be held in New Store | 401.03 | 280.51 | No | |
| Rights IssuesMar 2025, checked by CARE RATINGS LIMITED | 510.00 | General corporate purposes | 97.67 | 97.67 | No | |
| Rights IssuesMar 2025, checked by CARE RATINGS LIMITED | 510.00 | Rights issue expense | 2.59 | 2.49 | No | 0.10 |