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Thangamayil Jewellery announces a 1:1 bonus

Thangamayil Jewellery Limited, in a recent board meeting, recommended a bonus share issue in the ratio of one share for every share held by the shareholders amounting to Rs 13.72 crore as fully paid bonus shares credited out of accumulated reserves. The company is currently operating in southern and western parts of Tamil Nadu with 54 retail outlets slated to expand its operations to Chennai and adjoining towns in 2023-24, apart from the planned relaunch of five of the existing retail outlets.

In the last five years, it has obtained a CAGR (compounded annual growth rate) of 18.82% in turnover and 27.40% in PAT (profit after tax). The board has recommended a total dividend of Rs 12 per equity share of Rs 10 each amounting to 120% (both interim – Rs 6 and final Rs 6).

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