Thirumalai Chemicals Limited ( (IN:TIRUMALCHM) ) has shared an update.
Thirumalai Chemicals Limited reported to the stock exchanges that funds raised via a preferential issue on December 18, 2025, totaling Rs. 5,613.99 lakhs, have been utilized in line with stated objectives for the quarter ended March 31, 2026. The Audit Committee reviewed the statement and confirmed there was no deviation or variation in the use of proceeds, with allocations directed mainly to capital expenditure through TCL Global BV into TCL Specialties LLC, general corporate purposes and issue expenses, leaving a small residual balance earmarked for corporate use.
The deployment of capital into its U.S.-linked entity underlines Thirumalai Chemicals’ ongoing capacity expansion and international footprint, which may strengthen its competitive position in specialty chemicals markets. For stakeholders, the confirmation of compliance with SEBI’s Regulation 32 and the absence of deviations in fund utilization support governance confidence, transparency in capital deployment and alignment with shareholder-approved objectives.
More about Thirumalai Chemicals Limited
Thirumalai Chemicals Limited is an India-based chemical manufacturer certified under ISO 9001, 14001, 50001, HACCP and FSSC 22000, indicating a focus on quality, environmental management, energy efficiency and food safety. The company operates in specialty and industrial chemicals, with international operations including investments routed through TCL Global BV and TCL Specialties LLC in the United States, reflecting a strategy of global expansion in value-added chemical products.
Average Trading Volume: 31,501
Technical Sentiment Signal: Hold
Current Market Cap: 25.75B INR
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