Thangamayil Jewellery announces 1:1 Bonus

Thangamayil Jewellery

South India-based jewelry company Thangamayil Jewellery has announced 1:1 bonus for its shareholders. The small-cap company has witnessed massive jump in its valuations over the last 12 months. Thangamayil Jewellery has announced Rs 6 per share final divided. The company board has approved issue of one bonus share for every share held in the company as on 17 July 2023 (record date).

The stock was up by nearly one percent in today’s session. Thangamayil Jewellery has 52-week high and low of Rs 1734 and Rs 940 respectively.

In a statement issued to the stock exchanges, the company said, “This is to inform you that the Shareholders of the company in the Annual General Meeting held today have approved the Issue of Bonus share at the Ratio 1:1 and accordingly the Board of Directors in their meeting held today i.e., Wednesday, 05th July, 2023 have fixed record date for Issue Bonus shares as 17.07.2023 (Monday) as required by the SEBI (LODR) Regulations, 2015.”

Thangamayil Jewellery stock has outperformed after the company started generating better results post COVID-19 pandemic. Many jewelry brands have started reported strong performance as consumers are shifting to hallmark jewelers.