Ultramarine & Pigments has closed its trading window for all promoters, directors, and designated persons starting October 1, 2026. This action precedes the release of the company's unaudited financial results for the second quarter and half year ending September 30, 2026.

The closure is mandated under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will reopen 48 hours after the financial results are declared to BSE Limited. Additionally, the Income Tax PAN of the affected personnel will remain frozen until this timeline expires.

Board meeting schedule

The company stated that the date for the Board meeting to consider and take on record the unaudited financial results for Q2FY27 and H1FY27 will be intimated in due course. Investors can access this information on the company's investor relations website.

Thirumalai Chemicals Limited has disposed of a 5% stake in Ultramarine & Pigments , reducing its holding to 9.38%. The promoter group sold 14,60,000 equity shares through a block deal on August 31, 2026.

The transaction was disclosed pursuant to Regulation 29(2) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Thirumalai Chemicals, identified as part of the promoter group, held 41,98,837 shares (14.38%) before the sale. The disclosure was submitted to stock exchanges on September 2, 2026.

Transaction Details

The disposal involved only voting rights carried by equity shares. No warrants, convertible securities, or other instruments entitling the seller to receive shares were involved in the transaction. The total diluted share capital of Ultramarine & Pigments remains unchanged at 2,92,00,000 equity shares of ₹2/- each.

Following the sale, Thirumalai Chemicals holds 27,38,837 shares. The filing confirms that none of the remaining shares are encumbered with pledges, liens, or non-disposal undertakings.

What the Numbers Show

The reduction in stake from 14.38% to 9.38% signifies a significant dilution of the promoter group's voting power in the target company. With the holding falling below the 10% threshold often monitored for substantial acquisition triggers, the move alters the control dynamics within Ultramarine & Pigments. The use of a block deal suggests a negotiated off-market transfer rather than open market selling, potentially minimizing immediate price impact.