Thirumalai Chemicals Ltd (TIRUMALCHM) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Thirumalai Chemicals Ltd on NSE and BSE, with an AI summary of each filing.
THIRUMALAI CHEMICALS LIMITED has informed the Exchange about Board Meeting to be held on 05-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Half Yearly ended September 2026 .
Intimation · 05 Nov 2026, 5:30 am
To consider and approve the financial results for the period ended September 30, 2026
Intimation · 05 Nov 2026, 5:30 am
Thirumalai Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve un-audited financial statements ....
Intimation · 05 Nov 2026, 5:30 am
Thirumalai Chemicals Schedules Board Meeting for Q2 FY27 Results Thirumalai Chemicals Limited has notified stock exchanges under SEBI LODR Regulation 29 that a meeting of its Board of Directors is scheduled for 5th Nov'26. The board will, *inter alia*, consider and approve the un-audited financial results of the company for the quarter and half-year ended 30th Sep'26.
Disclosure under Regulation 31A(8)(a) of SEBI (Listing Obligation and Disclosures Requirements), Regulations, 2015
Others (Uncategorized) · 28 Oct 2026, 5:02 am
Thirumalai Chemicals Receives Promoter Group Reclassification Requests Thirumalai Chemicals Limited received requests on 27th Oct'26 from promoter group members seeking reclassification to the 'public' category under Regulation 31A of SEBI LODR Regulations. The requests were submitted by Narayan Santhanam, holding 90,000 equity shares (0.07%), and Deepa Ajay, holding 10,000 equity shares (0.01%), collectively representing an aggregate stake of 0.08% (100,000 shares). Both individuals confirmed having no management control, board representation, special rights, or KMP roles. The company's Board of Directors will consider the reclassification requests at an ensuing board meeting, subject to regulatory approvals.
Details of audit observation from Customs Authority is attached.
Others (Uncategorized) · 23 Oct 2026, 1:40 am
Thirumalai Chemicals Receives Customs Audit Observation for Rs. 24.52 Lakhs RoDTEP Demand Thirumalai Chemicals received an audit observation on 21st Oct'26 from the Customs Audit authority in Chennai under Section 99A of the Customs Act, 1962. The authority seeks recovery of Rs. 24.52 lakhs, plus applicable interest and penalties, alleging ineligible RoDTEP benefits availed on exports under the Duty Free Import Authorization (DFIA) Scheme. Management stated that RoDTEP benefits were auto-filled via the customs portal, deeming the demand erroneous, non-sustainable, and financially insignificant with no material impact. The company will submit its response within prescribed timelines.
Details of show cause notice is attached.
Others (Uncategorized) · 01 Oct 2026, 10:26 pm
Thirumalai Chemicals Receives ₹17.31 Crore GST Show Cause Notice Thirumalai Chemicals received a show cause notice on 1st Oct'26 from the Commercial Tax Department, Ranipet, Tamil Nadu, demanding ₹1,731.47 lakhs for FY 2023-24 under Section 73 of the CGST Act, 2017. The total demand comprises ₹1,123.30 lakhs in tax, ₹495.24 lakhs in interest, and ₹112.93 lakhs in penalties, alleging discrepancies in output turnover, input tax, and ITC reversals. The company considers the demand erroneous, will file a response within prescribed timelines, and expects no material financial impact.
Details of Show Cause Notice is attached.
Others (Uncategorized) · 01 Oct 2026, 12:56 am
Thirumalai Chemicals Receives Minor ₹13.52 Lakh GST Show Cause Notice Thirumalai Chemicals received a show cause notice under Section 73 of the CGST Act, 2017, from the Assistant Commissioner, Ranipet, for AY 2022-23. The notice alleges discrepancies in exempted turnover for an SEZ unit, excess ITC claims, and short tax payments, demanding ₹13.52 lakhs (Tax: ₹7.37 lakhs, Interest: ₹5.31 lakhs, Penalty: ₹0.84 lakhs). The company plans to contest the demand within prescribed timelines, stating the claims are unsustainable given GST exemptions on SEZ units, with no material financial impact expected.
Please find attached the corrigendum to intimation regarding outcome of Fund Raising Committee submitted on September 30, 2026.
Others (Uncategorized) · 30 Sept 2026, 6:18 pm
Thirumalai Chemicals Issues Corrigendum on Target Company Closing Price Details Thirumalai Chemicals Limited issued a corrigendum regarding its Fund Raising Committee intimation dated 30th Sep'26. The company clarified a typographical error in Annexure-A, noting that the closing price of the Target Company's equity shares pertains to 29th Sep'26 instead of 30th Sep'26. The corrected last closing prices for the Target Company stand at Rs. 418.50 on the NSE and Rs. 418.10 on the BSE as of 29th Sep'26.
Please find enclosed the outcome of meeting of Fund Raising Committee of the Board of Directors held on September 30, 2026.
Outcome · 30 Sept 2026, 5:32 pm
Thirumalai Chemicals Approves Partial Stake Sale in Ultramarine & Pigments Thirumalai Chemicals Limited's Fund Raising Committee approved the open-market sale of up to 9,50,000 equity shares in Ultramarine & Pigments Limited on 30th Sep'26. The proposed transaction represents up to 3.25% of Ultramarine & Pigments' total capital, out of Thirumalai Chemicals' total promoter holding of 27,38,837 shares (9.38% stake). As of 30th Sep'26, the target company's shares closed at Rs. 418.50 on the NSE and Rs. 418.10 on the BSE. The transaction does not constitute a related party transaction.
Please find enclosed the outcome of meeting of the Fund Raising Committee of the Board of Directors held on August 30, 2026.
Outcome · 31 Aug 2026, 5:24 am
Thirumalai Chemicals to Divest Part of its Stake in Ultramarine & Pigments On Aug 30, '26, Thirumalai Chemicals' Fund Raising Committee approved the sale of up to 1,460,000 equity shares in Ultramarine & Pigments Limited. This represents approximately 5% of Ultramarine's total capital. The sale will reduce Thirumalai's holding from 14.38% (4,198,837 shares) to around 9.38%. The transaction is expected to be completed within seven working days. The sale is not a related party transaction. The closing price of the target company on Aug 28, '26 was Rs. 410.70 on the BSE.
Please find enclosed herewith the intimation with respect to resignation of Statutory Auditors in Material Subsidiary of the Company.
Change in Auditor · 29 Aug 2026, 4:19 pm
Thirumalai Chemicals: Auditor Resigns from Material Subsidiary Walker Chandiok & Co LLP has resigned as the statutory auditor of Thirumalai Chemicals' material subsidiary, TCL Intermediates Private Limited, effective 28th Aug'26. The resignation aims to align the subsidiary's audit process with that of the holding company. This follows Walker Chandiok's tenure completion as the auditor for the parent company, Thirumalai Chemicals Ltd., on 07th Aug'26 due to mandatory rotation rules. The auditors have confirmed no other material reasons for the resignation.
Details of show cause notice received under Section 74 of the CGST Act, 2017 along with observation of the Company is attached.
Others (Uncategorized) · 20 Aug 2026, 4:56 am
Thirumalai Chemicals Receives GST Show Cause Notice for ₹33.47 Lakhs Thirumalai Chemicals received a show cause notice on 19th Aug'26 from the GST department in Vadodara. The notice alleges non-reversal of Input Tax Credit (ITC) on stock differences found during an audit for the period Apr'20 to Mar'24. The total demand is for ₹33.47 lakhs in tax, with interest and penalty yet to be ascertained. The company believes the demand is erroneous and not sustainable, stating the potential financial implication is insignificant and will not have a material impact on its financial position.
Please find attaced the details of credit rating revision for the Company.
Others (Uncategorized) · 14 Aug 2026, 5:01 am
Thirumalai Chemicals Ratings Downgraded on US Project Cost Overruns and Delays ICRA downgraded Thirumalai Chemicals' long-term rating to [ICRA]BBB (Negative) from [ICRA]BBB+ (Negative) and short-term to [ICRA]A3+ from [ICRA]A2 on 13th Aug'26. The downgrade reflects a significant US project cost increase to USD 340 million from USD 255 million and a timeline extension to Dec'26. This escalation, driven by higher construction and labor costs, necessitates additional debt, straining liquidity amid FY27-FY28 repayments. While Q1FY27 operating profit improved to Rs. 32.6 crore, the capex pressures and earnings volatility remain key concerns.
Please find attached the Copy of proceeding, e-voting results and Scrutiniser report of 53rd AGM held on August 07, 2026
Annual General Meeting · 08 Aug 2026, 4:54 am
Please find attached the Copy of proceeding, e-voting results and Scrutiniser report of 53rd AGM held on August 07, 2026
Annual General Meeting · 08 Aug 2026, 4:50 am
Please find attached the Copy of proceeding, e-voting results and scrutinizer report of 53rd AGM of the Company held on August 07, 2026
Annual General Meeting · 08 Aug 2026, 4:43 am
Corporate Presentation for the quarter ended June 30, 2026
Investor Presentation · 07 Aug 2026, 6:27 pm
Thirumalai Chemicals Q1FY27: Turnaround Driven by Margins; USA Project Delayed Consolidated revenue rose 22% YoY to INR 550 Cr in Q1FY27, driven by higher realizations. EBITDA turned positive at INR 36 Cr versus a loss of INR 25 Cr, aided by gross margin expansion to 26% from 19%. The company posted a net loss of INR 44 Cr, improving from a INR 60 Cr loss YoY. The US greenfield project is delayed, with commercial operations now targeted for Dec'26 and project costs revised up to US$340 million. Performance was impacted by raw material shortages and higher interest expenses.
Please find attached un-audited financial results for the quarter ended June 30, 2026
Financial Result · 04 Aug 2026, 11:53 pm
Thirumalai Chemicals Approves Rs. 750 Crore Fundraise Amidst Q1 Loss Thirumalai Chemicals reported a consolidated net loss of Rs. 4,367 lakhs for the quarter ending 30-Jun'26, against a loss of Rs. 5,996 lakhs YoY. Revenue from operations stood at Rs. 54,667 lakhs versus Rs. 45,005 lakhs YoY. On 04-Aug'26, the board approved raising up to Rs. 750 crores via debt/equity to support operations and refinance debt. It also approved the sale of four windmills with a 3.2 MW capacity for Rs. 10.35 crores. The Group's current liabilities exceed current assets by Rs. 74,212 lakhs.
Please find attached Statement of Deviation and Variation in utilization of funds raised through preferencial issue for the quarter ended June 30, 2026
Others (Uncategorized) · 04 Aug 2026, 11:13 pm
Thirumalai Chemicals: No Deviation in Preferential Issue Fund Utilization Thirumalai Chemicals confirmed no deviation or variation in using funds raised via a preferential issue for the quarter ended 30 Jun'26. The company raised Rs. 5,613.99 lakhs on 18 Dec'25. Of this, Rs. 3,584.62 lakhs were utilized for investment in its US subsidiary for capex and Rs. 2,012.59 lakhs for general corporate purposes, broadly aligning with original objects. A minor balance of Rs. 0.98 lakhs remains unutilized in the Share Application Account and is earmarked for general corporate purposes.
Please find attached the unaudited financial results for the quarter ended June 30, 2026
Outcome · 04 Aug 2026, 9:43 pm
Thirumalai Chemicals Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Lakh) ■ Revenue: 54,667 (+21.5% YoY | +28.9% QoQ) ■ EBITDA: 3,257 (Loss to Profit YoY | +427.9% QoQ) ■ EBITDA Margin (%): 6.0 (Loss to Profit YoY | +450 bps QoQ) ■ PAT: -4,367 (+27.2% YoY | -56.0% QoQ) ■ EPS (INR): -3.62 (+38.2% YoY | -56.0% QoQ)
The details of show cause notice received under Section 73 of the CGST Act, 2017 along with observation of the Company is attached.
Others (Uncategorized) · 31 Jul 2026, 5:46 pm
Thirumalai Chemicals Receives ₹22.9 Cr GST Show Cause Notice Thirumalai Chemicals received a show cause notice on 30 Jul'26 from the Commercial Tax Department, Tamil Nadu. The notice alleges tax dues of ₹2,292.66 lakhs (₹22.93 cr) for FY 2022-23, comprising ₹1,356.36 lakhs in tax, ₹800.66 lakhs in interest, and ₹135.64 lakhs in penalty. The issue pertains to alleged output turnover and input tax discrepancies under Section 73 of the CGST Act. The company believes the demands are erroneous and expects any financial impact to be insignificant and non-material.
Thirumalai Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Un-Audited Financial Results ....
Intimation · 04 Aug 2026, 5:30 am
Thirumalai Chemicals Board to Consider Q1 Results and Fundraising on Aug 4 Thirumalai Chemicals' Board of Directors will meet on 04 Aug'26 to approve unaudited financial results for the quarter ended 30 Jun'26. The board will also consider a proposal for raising funds through various permissible modes, including the issuance of equity shares, convertible bonds, debentures, warrants, or other equity-linked securities. The fundraising could be structured via private placement, preferential issue, or a qualified institutions placement, subject to necessary shareholder and regulatory approvals.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Motilal Oswal Small Cap Fund & Others
Acquisition/ Disposal of Shares · 21 Jul 2026, 1:11 am
Motilal Oswal MF Trims Stake in Thirumalai Chemicals via Market Sale Motilal Oswal Mutual Fund, via three of its schemes, disposed of 1,51,245 shares of Thirumalai Chemicals through open market transactions on 17 Jul'26. This sale reduced its total holding from 58,95,373 shares (4.8903% stake) to 57,44,128 shares (4.7648% stake). The transaction represents a 0.1255% dilution of its stake in the company. The schemes involved were the Small Cap, Multi Cap, and BSE 1000 Index funds.
Please find enclosed the BRSR report for year ended March 31, 2026.
Others (Uncategorized) · 12 Jul 2026, 7:18 am
Thirumalai Chemicals Publishes FY26 Business Responsibility and Sustainability Report Thirumalai Chemicals has released its Business Responsibility & Sustainability Report for the year ended 31 Mar'26. Key products, Phthalic Anhydride and its derivatives, contributed 70.52% to total turnover. Exports accounted for 14.29% of turnover. For FY26, the company reported Scope 1 GHG emissions of 74,585 TCO₂e and Scope 2 emissions of 3,774.4 TCO₂e. Permanent employee turnover increased to 19.44% from 16.32% in FY25. The company's total turnover was ₹1,35,973 lakhs with a net worth of ₹1,49,780 lakhs. No fines or penalties were reported.
Please find attached Annual Report of the Company for the Financial Year 2025-26
Others (Uncategorized) · 11 Jul 2026, 8:33 pm