NSEAction(s) initiated or orders passed30 Sept 2026 · 30 Sept 2026, 07:09 pm
Action(s) initiated or orders passed
Thirumalai Chemicals Limited · TIRUMALCHM
✦ AI SummaryRegulatory
Thirumalai Chemicals Limited has received a show cause notice from the Office of Assistant Commissioner, Ranipet (Sipcot), under Section 73 of the CGST Act, 2017, regarding alleged discrepancies in exempted turnover, excess claim of ITC, and short payment of tax for the Assessment Year 2022-2023. The company believes the financial implication will be insignificant and will not impact its financial position.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Thirumalai Chemicals Limited has informed the Exchange about Action(s) initiated or orders passed
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Registered Office:
“THIRUMALAI HOUSE”,
Plot No. 101-102, Road No. 29,
Sion (East), Mumbai – 400 022, India
PHONE: +91 – 22– 43686200
FAX +91 – 22 – 24011699
E- MAIL: thirumalai@thirumalaichemicals.com
Website: www.thirumalaichemicals.com
(AN ISO 9001, 14001, 50001/ HACCP & FSSC 22000 CERTIFIED COMPANY)
CIN: L24100MH1972PLC016149
TCL/SE044/2026-27
September 30, 2026
The National Stock Exchange of India BSE Limited
Limited Department of Corporate Services
Listing Department Floor 25, Phiroze Jeejeebhoy Towers
Exchange Plaza, Bandra Kurla Complex Dalal Street
Bandra (East) Mumbai 400 001
Mumbai 400 051 Scrip code: 500412
Scrip code: TIRUMALCHM
Dear Sir/ Madam,
Sub.: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, this is to inform that the Company has received a show cause notice from
Office of Assistant Commissioner, Ranipet (Sipcot), Assessment Circle, Ranipet under
Section 73 of CGST Act, 2017.
The show cause notice is issued with regard to alleged discrepancies under exempted
turnover reported by the Company, excess claim of ITC and short payment of tax based on
the scrutiny for the Assessment Year 2022-2023.
The Company will be submitting its response to the show cause notice before authority
within prescribed timelines. The company firmly believes that the financial implication, if
any, that may arise out of this is likely to be very insignificant and will not have any material
impact on the financial position of the Company.
The details as required under SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated 30th January, 2026 is enclosed as "Annexure - A".
Kindly take the above information in your records.
Thanking you,
For Thirumalai Chemicals Limited
Aditya Sharma
Company Secretary & Compliance officer
Encl: As above
Annexure to disclosure under Regulation 30 dated September 30, 2026 Annexure – A
Sr.No Name of authority Impact on financial, operation or other activities of the Expected Financial
Nature and details of the action(s) Details of the violation(s)
Corporation, quantifiable in monetary terms to the extent implications, if any, due to
taken, initiated or order(s) passed. committed or alleged to be these demand orders.
possible
committed
Tax Interest Penalty Total
1. Office of Assistant The authority has issued a show cause Alleged discrepancies under Rs. 7.37 lakhs Rs. 5.31 lakhs Rs. 0.84 lakhs Rs. 13.52lakhs The Company, prima facie,
Commissioner, notice under Section 73 of CGST Act, exempted turnover (SEZ unit)) believes that the demands are
Ranipet (Sipcot), 2017 based on the scrutiny of returns. reported by the Company, erroneous and not sustainable
Assessment Circle, excess claim of ITC and short as these transactions pertains to
Ranipet payment of tax based on the SEZ unit for which GST is not
applicable. The Company will
scrutiny for the Assessment
be submitting its response
Year 2022-2023.
before authority within
prescribed timelines. The
company firmly believes that
the financial implication, if
any, that may arise out of this is
likely to be very insignificant
and will not have any material
impact on the financial position
of the Company.