Thangamayil Jewellery Limited disclosed a release of encumbrance regarding shares held by key promoters Balarama Govinda Das, Ba.

Ramesh, and N.B.

Kumar.

Each of these individuals released 105,000 shares, which constituted approximately 1.96%, 1.93%, and 1.95% of their respective total shareholdings.

The release was made in favor of Yes Bank Limited and Axis Bank Limited, primarily related to working capital finance.

This activity may impact investor sentiment, as it indicates enhanced liquidity for the promoters while reducing the encumbrance on the shares.