Thirumalai Chemicals Limited has executed a Rs. 65 Crore Loan Agreement with Ultramarine & Pigments Limited. The loan has a 3-year tenure with 10% annual interest compounded quarterly. As a related party transaction between promoter group members, the agreement was concluded at arm's length.
Thirumalai Chemicals Limited has executed a ₹65 Crore loan agreement with Ultramarine & Pigments Limited. The loan carries a 10% annual interest rate compounded quarterly with a 3-year tenure. The transaction is a related party deal conducted at arm's length for general corporate purposes.
Thirumalai Chemicals Limited has executed a loan agreement to avail an unsecured inter-corporate loan of ₹65 Crore from Ultramarine & Pigments Limited. The loan carries a 10% annual compounding interest rate with a tenure of 3 years.
Thirumalai Chemicals Ltd informed the exchanges that it does not fall under the 'Large Corporate' criteria for FY 2026-27 per SEBI norms. The company reported outstanding borrowings of ₹570.91 Crore as of March 31, with an A- credit rating from ICRA Limited. This routine regulatory disclosure clarifies the company's debt-raising compliance obligations.
