Thirumalai Chemicals Limited has announced the execution of a significant loan agreement with related party Ultramarine & Pigments Limited (UPL) for Rs. 65 crores. The agreement was formalized on April 30, 2026, under the regulatory framework of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Loan Agreement Details

The inter-corporate loan arrangement represents a strategic financial move between the two related entities. The agreement encompasses several key parameters that define the borrowing structure and repayment terms.

Related Party Relationship

The loan agreement involves parties with established business relationships and cross-shareholding arrangements. UPL is identified as a member of the promoter group of Thirumalai Chemicals Limited, creating a related party transaction scenario.

Regulatory Compliance

The transaction has been structured in compliance with SEBI regulations governing related party transactions. The company has confirmed that the loan agreement has been executed on an arm's length basis, ensuring fair market terms despite the related party nature of the transaction.

Key regulatory aspects include:

• Disclosure under Regulation 30 of SEBI Listing Regulations
• Compliance with Schedule III requirements
• Adherence to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Financial Impact

The unsecured loan facility provides Thirumalai Chemicals with access to Rs. 65 crores in funding without requiring collateral or security arrangements. The interest payment structure, with quarterly compounding at 10% per annum payable at the end of the tenure, offers flexibility in cash flow management during the 3-year loan period.

As of the date of disclosure, the amount of loan outstanding stands at nil, indicating the agreement represents a new borrowing facility rather than refinancing of existing debt. The company has filed the necessary disclosures with both NSE and BSE to maintain transparency with stakeholders and regulatory compliance.

Thirumalai chemicals Limited has officially notified stock exchanges that it does not meet the criteria for classification as a "Large Corporate" under the Securities and Exchange Board of India (SEBI) regulatory framework. The disclosure was made in compliance with SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Disclosure Details

The company filed its disclosure on April 13, 2026, addressing both the National Stock Exchange of India Limited and BSE Limited. Company Secretary and Compliance Officer Aditya Sharma signed the communication, confirming the company's non-applicability status under the Large Corporate criteria.

Company Information

Thirumalai Chemicals Limited operates from its registered office at "Thirumalai House," Plot No. 101-102, Road No. 29, Sion (East), Mumbai. The company holds multiple certifications including ISO 9001, 14001, 50001, HACCP, and FSSC22000, demonstrating its commitment to quality and environmental standards.

Compliance Significance

This disclosure ensures transparency regarding the company's regulatory status and clarifies that specific disclosure requirements applicable to Large Corporates under the SEBI framework do not apply to Thirumalai Chemicals Limited. The notification serves to maintain accurate records with stock exchanges and provides clarity to investors and regulatory authorities about the company's classification status.