Thirumalai Chemicals Q2 FY27 Results: Net Loss of ₹34.3 Cr, Loss Widens
Thirumalai Chemicals Ltd reported revenue from operations of ₹596.5 Cr (+33.9% YoY) and a net loss of ₹34.3 Cr for Q2 FY27.
- Key figure
- Net loss ₹34.3 Cr
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Thirumalai Chemicals Ltd reported revenue from operations of ₹596.5 Cr (+33.9% YoY) and a net loss of ₹34.3 Cr for Q2 FY27.
Thirumalai Chemicals has informed the exchanges that its board will meet on November 5, 2026. The meeting will consider unaudited results for the quarter and half year ended September 30, 2026.
Thirumalai Chemicals received requests from two promoter group members, Narayan Santhanam and Deepa Ajay, to reclassify 100,000 shares (0.08%) as public. The board will consider the requests at its next meeting.
Thirumalai Chemicals received a customs audit observation demanding Rs. 0.2452 Crore for alleged ineligible export benefits. The company contests the demand as erroneous and insignificant.
The company has filed its quarterly shareholding pattern under Regulation 31 for the period ended September 30, 2026.
Thirumalai Chemicals received a tax show cause notice for Rs. 17.31 Crore regarding GST discrepancies for FY 2023-24. The company intends to contest the demand.
Thirumalai Chemicals Limited sold 9,50,000 equity shares in Ultramarine & Pigments Limited through the open market. This transaction reduced its holding from 9.38% to 6.13%.
Thirumalai Chemicals received a GST show cause notice regarding tax scrutiny for FY 2022-2023. The total demand amount is Rs. 13.52 Lakhs.
Thirumalai Chemicals issued a corrigendum correcting the closing price date of a target company's shares. Prices of Rs. 418.50 and Rs. 418.10 correspond to September 29, 2026.
Thirumalai Chemicals approved the sale of up to 9,50,000 equity shares in Ultramarine & Pigments Limited. The divestment represents a 3.25% stake through open market transactions.
Thirumalai Chemicals Limited announced the sale of 14.6 lakh equity shares of Ultramarine & Pigments Limited. This reduces the company's holding from 14.38% to 9.38%.
Thirumalai Chemicals will sell up to 14,60,000 shares (5% stake) in Ultramarine & Pigments Limited. The divestment is expected to be completed within seven working days.
M/s. Walker Chandiok & Co LLP resigned as the statutory auditor of Thirumalai Chemicals Limited's material subsidiary, TCL Intermediates Private Limited, effective August 28, 2026.
Thirumalai Chemicals received a show cause notice under Section 74 of the CGST Act involving a tax demand of ₹0.33 Crore.
Thirumalai Chemicals Limited received a credit rating downgrade from ICRA to [ICRA]BBB (Negative) and [ICRA]A3+ across various long-term and short-term debt instruments.
Thirumalai Chemicals conducted its 53rd Annual General Meeting on August 07, 2026. The company shared the meeting proceedings, e-voting results, and the scrutinizer's report.
TCL reported Q1 FY27 consolidated revenue of INR 550 Cr with a net loss of INR 44 Cr. Focus remains on completing the strategic US project and optimizing domestic operations.
Thirumalai Chemicals Limited board has approved a proposal for fund raising. The specific mode and quantum of the issuance are yet to be determined.
Thirumalai Chemicals filed its quarterly Statement of Deviation under Regulation 32, confirming no deviations in the utilization of funds from its preferential issuance.
Thirumalai Chemicals Ltd reported revenue from operations of ₹546.7 Cr (+21.5% YoY) and a net loss of ₹43.7 Cr for Q1 FY27.
Thirumalai Chemicals received a GST show cause notice for Rs. 22.93 Crore from the Commercial Tax Department, Tamil Nadu. The company intends to challenge the demand.
Thirumalai Chemicals announced a board meeting on August 4, 2026, to approve quarterly financial results and discuss a proposal for fund-raising.
Thirumalai Chemicals Ltd has filed its quarterly shareholding pattern for the period ended June 30, 2026, as per regulatory requirements.
Motilal Oswal Mutual Fund (a non-promoter entity) disposed of 1,51,245 shares of Thirumalai Chemicals Ltd through market transactions.
Thirumalai Chemicals Limited has submitted its Business Responsibility & Sustainability Report for FY 2025-26. The report details the company's ESG performance and sustainability initiatives.
Thirumalai Chemicals convened its 53rd AGM for August 7, 2026. Key agenda items include adopting financial statements, appointing statutory auditors, and approving director commissions.
Thirumalai Chemicals released its FY 2025-26 Annual Report and 53rd AGM notice. Key financial highlights include Rs.1,393 Crore total income and Rs.20 Crore EBITDA.
Thirumalai Chemicals shareholders approved a special resolution via postal ballot to allow pledge creation for subsidiary loans. The resolution passed with 99.76% assent.
ICRA reaffirmed Thirumalai Chemicals' long-term rating at [ICRA]BBB+ with a negative outlook. The action reflects periodic monitoring post Q4FY2026 results.
Thirumalai Chemicals Limited approved the appointment of PKF Sridhar & Santhanam, LLP as Statutory Auditors for five years. The firm brings extensive chemical industry audit expertise.