Thangamayil Jewellery Limited — Others, 13-08-2025: Monitoring Agency Report

Thangamayil Jewellery Limited has received and taken on record the Monitoring Agency Report for its Rights Issue proceeds. The report confirms that the company has utilized Rs. 489.44 crore out of the Rs. 510 crore raised, with no deviation from the stated objectives. This leaves Rs. 20.56 crore unutilized from the total issue size. The funds were primarily allocated for capital expenditure on six new retail stores (now fully utilized), inventory for new stores (substantially utilized), and general corporate purposes (fully utilized). The remaining unutilized balance is currently held in fixed deposits and the monitoring account, ensuring transparency on the effective deployment of shareholder funds.