Thirumalai Chemicals Limited (TCL) has announced a significant change in its senior management team. Mr. Venkatraghavan, who served as the President of Food Ingredients, has retired from his position, marking the end of his tenure with the company.

Retirement Details

The retirement of Mr. Venkatraghavan took effect from the close of business hours on October 11, 2025. Following this development, he will no longer be part of the Senior Management Personnel of Thirumalai Chemicals Limited.

Company Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Thirumalai Chemicals Limited has formally notified the stock exchanges about this change in senior management.

Key Information

The company's disclosure, signed by Aditya Sharma, Company Secretary & Compliance Officer, ensures transparency and adherence to regulatory requirements.

Thirumalai Chemicals Limited, with its registered office in Mumbai, is certified for ISO 9001, 14001, 50001, HACCP, and FSSC 22000 standards, indicating its commitment to quality and safety in its operations.

Thirumalai Chemicals Limited, a prominent player in the chemical industry, has successfully raised ₹450.62 crore through a preferential share allotment. The company's Fund Raising Committee approved the issuance of 1,62,68,040 equity shares at ₹277 per share.

Key Details of the Share Allotment

• Issue Price: ₹277 per share (including a premium of ₹276)
• Number of Shares: 1,62,68,040 equity shares
• Total Amount Raised: ₹450.62 crore
• Number of Investors: 21, including mutual funds and individual investors

Impact on Share Capital

The preferential allotment has resulted in a significant increase in the company's paid-up share capital:

Notable Investors

The preferential issue attracted a diverse group of investors, including:

1. Mutual Funds:

   • Motilal Oswal Small Cap Fund (30,68,592 shares)
   • Motilal Oswal Multi Cap Fund (27,97,833 shares)
   • Bandhan funds (various schemes)

2. Alternative Investment Funds:

   • 360 One Equity Opportunity Fund
   • Turnaround Opportunity Fund

3. Corporate Entities:

   • One Up Financial Consultants Private Limited
   • Oracular Advisory Private Limited
   • Sound Securities Private Limited

4. Individual Investors:

   • Sandhya Nilesh Shah (19,85,559 shares)
   • Vinod Maganlal Shah (5,00,000 shares)
   • Other high-net-worth individuals

Regulatory Compliance

The company received in-principle approval from stock exchanges for the preferential issue. The newly issued shares will rank pari-passu with the existing equity shares of the company.

Company Statement

Aditya Sharma, Company Secretary of Thirumalai Chemicals Limited, confirmed the successful completion of the preferential allotment in a filing to the stock exchanges. The Fund Raising Committee meeting for the allotment commenced at 3:00 p.m. and concluded at 3:45 p.m.

This significant capital raise is expected to strengthen Thirumalai Chemicals' financial position and support its growth initiatives in the chemical sector.