Thirumalai Chemicals Ltd confirmed that no promoters or persons acting in concert have encumbered any shares held by them during the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration ensures that the shareholding of the promoter group remains free from any direct or indirect charges or liens for the specified period.

The filing included a detailed list of promoters and the promoter group, outlining their individual shareholdings. The data reveals that the promoter group collectively holds 37.13% of the company's total equity shares. Ultramarine And Pigments Ltd is the largest holder within the promoter group, possessing 18.23% of the equity shares, followed by Jasmine Limited with a 5.62% stake.

Promoter and Promoter Group Holdings

The following table details the equity shareholding of the promoter and promoter group as disclosed in the filing:

The declaration was signed by Ramya Bharathram on behalf of the promoter group and addressed to the stock exchanges. The document was digitally signed on April 8, 2026. A copy of the declaration was also marked to the Audit Committee of the company.

Thirumalai Chemicals Limited shareholders have approved the creation of a pledge on equity shares and assets held by its subsidiaries to secure loan facilities for TCL Specialties LLC, a double step-down subsidiary. The resolution, passed via postal ballot on June 12, 2026, authorizes the company to avail facilities up to USD 140,000,000. The approval allows the Board to create security over holdings in TCL Inc., USA and TCL Specialties LLC to collateralize the debt.

The special resolution was passed with 99.76% of valid votes in favour. A total of 59,049,740 valid votes were cast through the remote e-voting process, which was open from May 14, 2026, to June 12, 2026. The scrutinizer's report confirmed that 58,910,806 votes were cast assenting to the resolution, while 138,934 votes dissented.

The approval specifically covers the pledge of 100% of holdings by TCL Global BV, Netherlands, in TCL Inc., USA, and the subsequent pledge by TCL Inc., USA, of 100% of its holdings in TCL Specialties LLC. Additionally, security will be created over the assets of TCL Specialties LLC. These measures are intended to secure the loan facilities along with associated interest and charges.

Mr. Manoj Mimani of M/s. R.M. Mimani & Associates LLP served as the scrutinizer for the postal ballot process. The voting rights were determined based on shareholders' holdings as of the cut-off date of May 08, 2026. The results were declared on June 12, 2026, at 6:30 P.M.

Voting Results Summary

The Board is now authorized to take all necessary steps to implement the resolution, including executing relevant agreements and filing the resolution with the Registrar of Companies.