NSEAction(s) initiated or orders passed1 Oct 2026 · 1 Oct 2026, 05:03 pm
Action(s) initiated or orders passed
Thirumalai Chemicals Limited · TIRUMALCHM
✦ AI SummaryRegulatory
Thirumalai Chemicals Limited has received a show cause notice from the Commercial Tax Department for alleged tax and other dues discrepancies amounting to Rs. 1731.47 lakhs for FY 2023-24. The company believes the demands are erroneous and not sustainable, and will submit its response within prescribed timelines.
Analysis Scores
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/SE046/2026-27
October 01, 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 Deputy Commissioner, Commercial Tax Department Ranipet, Tamil Nadu under
section 73 of CGST Act 2017 on October 01, 2026.
The show cause notice is issued under DRC01 dated September 30, 2026 over tax and other
dues amounting to Rs. 1731.47 lakhs for the period 2023-24 towards alleged output turnover
discrepancies, input tax discrepancies and ITC reversals discrepancies noticed on scrutiny
under Section 61 of the TNGST Act, 2017.
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 October 01, 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. Deputy The authority has issued a show cause Alleged output turnover Rs. 1123.30 Rs. 495.24 Rs. 112.93 Rs. 1731.47 The Company, prima facie,
Commissioner, notice over tax and other dues discrepancies, input tax lakhs lakhs lakhs lakhs believes that the demands are
Commercial Tax amounting to Rs. 1731.47 lakhs for FY discrepancies and ITC erroneous and not sustainable.
Department 2023-24 towards alleged output reversals discrepancies on The Company will be
Ranipet, Tamil Nadu turnover discrepancies, input tax scrutiny under Section 61 of submitting its response before
discrepancies and ITC reversals the TNGST Act, 2017 authority within prescribed
timelines. The company firmly
discrepancies under Section 73 of
believes that the financial
CGST Act, 2017
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.