Thangamayil – Board Recommends Dividend

Thangamayil Jewellery Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2015, inter alia, has recommended a Dividend of 10% i.e. Rs. 1/- per Equity Share of Rs. 10/- each (Previous Year 10%) subject to shareholders’ approval in the ensuing Annual General Meeting.

BIS Hallmark License

The Bureau of Indian Standards, the country’s apex standards body, is involved in the development of technical standards (popularly known as Indian Standards), product quality and management system certifications and consumer affairs in all matters concerning standardisation, certification and quality.

The BIS hallmarking scheme has been aligned with international criteria on hallmarking (Vienna [ Images ] Convention 1972). As per this scheme, licence is granted to the jewellers by BIS under Product Certification Scheme. The BIS certified jewellers can get their jewellery hallmarked from any of the BIS recognised Assaying and Hallmarking Centre.

In this process the samples are melted and refined at the hallmark centre to get the purity of 22 carat Gold at *916 marks provided for purity by the hallmark authorities.

Pioneered Akshaya Thirthiyai Sale

The word Akshay is derived from Sanskrit which means imperishable or “never diminishing”. Akshaya Thrithiyai – brings home auspiciousness. While this day is considered auspicious for starting new ventures and making new purchases, it is also believed that by doing a good deed on Akshaya Thrithiyai one can earn punya or merit for life. Akshaya Tritiya is also called “Navanna Parvam”. Akshaya Tritiya falling in a conjunction with Rohini star day is considered more auspicious.

Akshaya Tritiya day is ruled by God Vishnu who is the preserver God in the Hindu Trinity. According to Hindu mythology Treta Yuga began on Akshaya Tritiya day. Usually Akshaya Tritiya and Parashurama Jayanti, birthday anniversary of 6th incarnation of Lord Vishnu, falls on the same day but depending on staring time of Tritiya Tithi Parashurama Jayanti might fall one day before Akshaya Tritiya day.

Special Significance:

With the help of World gold council (WGC) initiated the concept of “Akshya Thritiyai” and helped in a breakthrough in gold jewellery market.