Ultramarine & Pigments Board Meeting Scheduled for May 20, 2026 to Approve Q4FY26 Results and Dividend

Ultramarine & Pigments Ltd has informed BSE Limited of an upcoming board meeting scheduled for Wednesday, May 20, 2026. The intimation, dated May 11, 2026, was filed pursuant to Regulation 29(1)(a) & (e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The board meeting has been convened to address key financial and shareholder-related matters for the concluded fiscal year. The following items are on the agenda:

Approval of audited financial results (both standalone and consolidated) for the quarter and year ended March 31, 2026
Recommendation of dividend, if any, for the financial year ended March 31, 2026

Meeting Details at a Glance

The key details of the scheduled board meeting are summarised below:

Parameter:	Details
Meeting Date:	Wednesday, May 20, 2026
Filing Date:	May 11, 2026
Regulatory Reference:	Regulation 29(1)(a) & (e), SEBI (LODR) Regulations, 2015
Results Period:	Quarter and year ended March 31, 2026
Results Type:	Standalone and Consolidated (Audited)
Dividend Consideration:	For the financial year ended March 31, 2026
Exchange Notified:	BSE Limited
Company Secretary:	Kishore Kumar Sahoo

The intimation was signed by Kishore Kumar Sahoo, Company Secretary of Ultramarine & Pigments Ltd, and submitted to the Manager – Listing Compliance at BSE Limited, P. J. Towers, Dalal Street, Fort, Mumbai.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.96%	0.0%	-1.07%	-1.07%	-1.07%	-1.07%

Ultramarine & Pigments Ltd has entered into a substantial inter-corporate loan agreement with related party Thirumalai Chemicals Ltd (TCL), marking a significant financial transaction between the two entities. The company disclosed this development to BSE Limited on April 30, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Loan Agreement Details

The comprehensive loan arrangement encompasses several key parameters that define the financial relationship between the parties:

Parameter:	Details
Loan Amount:	Rs.65 Crores
Tenure:	3 years
Interest Rate:	10% per annum
Compounding:	Quarterly
Payment Terms:	Payable at end of tenure
Nature:	Unsecured loan
Security:	Nil

Cross-Shareholding Structure

The relationship between Ultramarine & Pigments Ltd and Thirumalai Chemicals Ltd extends beyond the current loan agreement, with both companies maintaining strategic equity positions in each other:

Shareholding Details:	Percentage
Ultramarine & Pigments in TCL:	18.23%
TCL in Ultramarine & Pigments:	14.38%
Relationship Status:	Member of Promoter Group

Regulatory Compliance

The transaction has been structured in accordance with regulatory requirements and best practices. The company confirmed that this related party transaction has been executed on an arm's length basis, ensuring fair valuation and terms. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Transaction Characteristics

Key aspects of the loan agreement include:

Purpose: Inter-corporate loan facility to TCL
Outstanding Amount: Nil as on date of disclosure
Additional Disclosures: No nominee directors or potential conflicts of interest identified
Amendment Provisions: Standard regulatory disclosure requirements apply for any future modifications

The agreement was formally executed on April 30, 2026, with Company Secretary and Compliance Officer Kishore Kumar Sahoo signing the disclosure documents. This transaction represents a strategic financial arrangement between the related entities, facilitating TCL's capital requirements while generating interest income for Ultramarine & Pigments Ltd over the three-year period.