TIRUMALCHM

- Thirumalai Chemicals Limited received a show cause notice from the Deputy Commissioner, Commercial Tax Department, Ranipet, Tamil Nadu under Section 73 of the CGST Act, 2017. - The notice demands a total of ₹1,731.47 lakhs (Tax: ₹1,123.30 lakhs, Interest: ₹495.24 lakhs, Penalty: ₹112.93 lakhs) for FY 2023-24 due to alleged turnover and ITC discrepancies. - The company stated it will respond within prescribed timelines and believes the financial impact will be insignificant.

- Thirumalai Chemicals Limited received a show cause notice from the Office of Assistant Commissioner, Ranipet under Section 73 of the CGST Act, 2017. - The notice relates to alleged discrepancies in exempted turnover, excess ITC claim, and short payment of tax for AY 2022-2023 with a total demand of ₹13.52 lakhs. - The company believes the demand is not sustainable and will submit its response within the prescribed timelines, stating no material impact on financials.

- Thirumalai Chemicals Limited submitted a corrigendum to the outcome of the Fund Raising Committee intimation dated September 30, 2026. - Corrected a typographical error regarding the last closing price date of the Target Company equity shares. - Clarified the closing price as of September 29, 2026, to be ₹418.50 on NSE and ₹418.10 on BSE.

- Thirumalai Chemicals Limited approved the sale of up to 9,50,000 equity shares (3.25% stake) held in Ultramarine & Pigments Limited. - The sale will be executed through the stock exchange in the open market on September 30, 2026. - Total holding prior to sale was 27,38,837 shares (9.38%).

- Trading window for dealing in equity shares of the company will be closed from October 01, 2026. - It will remain closed until 48 hours after the declaration of Un-Audited Financial Results for the quarter and half-year ended September 30, 2026.

- Thirumalai Chemicals Ltd.'s Fund Raising Committee approved the sale of up to 14,60,000 equity shares (5% of total capital) of Ultramarine & Pigments Limited. The shares are held by Thirumalai Chemicals Ltd. as a promoter, initially holding 14.38%. The sale is expected to be completed within 7 working days at a market price of ₹410.70 per share.

- Statutory Auditors, M/s. Walker Chandiok & Co LLP, have resigned from TCL Intermediates Private Limited (material subsidiary) effective August 28, 2026. - The resignation is due to re-alignment with the Holding Company's auditors following mandatory auditor rotation requirements applicable to the Holding Company.

- Received a show cause notice from the Office of Assistant Commissioner, Central GST and Central Excise, Vadodara. - The notice is for non-reversal of ITC on stock difference for the period April 2020 to March 2024, with a potential tax demand of ₹33.47 lakhs. - The company believes the demands are erroneous and expects the financial implication to be insignificant.

- Thirumalai Chemicals Ltd. ratings downgraded by ICRA on August 13, 2026. - Long-term ratings revised to [ICRA]BBB (Negative) from [ICRA]BBB+ (Negative). - Short-term ratings revised to [ICRA]A3+ from [ICRA]A2. - Driven by increased US project cost, timeline extension, and stretched liquidity. - Outlook is Negative.

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- Corporate Presentation for Q1 FY27 (Quarter ended June 2026). - Highlights global expansion with a new USA plant for MAn and food ingredients, diversified product portfolio, strategic manufacturing, and robust R&D capabilities. - Emphasizes efficiency-driven operations and sustainability.

- Consolidated Revenue ₹54,667 lakhs vs ₹45,005 lakhs (▲21.5% YoY) - EBITDA ₹3,586 lakhs vs ₹(2,454) lakhs (Improved from negative to positive YoY) - PAT ₹(4,367) lakhs vs ₹(5,996) lakhs (Loss reduced by 27.2% YoY) - EBITDA Margin 6.6% vs -5.4% (▲1201 bps YoY) - The Group incurred a net loss of ₹4,367 lakhs for the quarter ended June 30, 2026, and its current liabilities exceeded current assets by ₹74,212 lakhs. - Board approved raising funds up to ₹750 crores via debt/equity for operations and debt refinancing. - Board approved sale of four windmills (3.2 MW) for ₹10.35 Crores, expected to complete within 30 days.