Thangamayil Jewellery Limited — Important, 28-02-2025: General Updates

Promoters of Thangamayil Jewellery Limited have confirmed their participation in the rights issue, applying for a total of 12,75,000 equity shares. This includes shares for which an amount had been previously advanced to the company and submitted through a non-ASBA mode directly to the registrar. The total bids from the Promoter and Promoter Group amount to 23,00,098 shares, which reflects their commitment to the rights offering. Notably, the applications detailed include various amounts associated with rights entitlement and adjustments against loans. This active involvement from promoters is a positive signal of confidence in the company's future, and investors should monitor how this capital infusion could strengthen the company's financial position moving forward.