BSECompany Update3d ago · 4 Aug 2026, 05:43 pm

Please find attached Statement of Deviation and Variation in utilization of funds raised through preferencial issue for the quarter ended June 30, 2026

Thirumalai Chemicals Ltd · 500412

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Thirumalai Chemicals Ltd has submitted a statement of deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended June 30, 2026. The company has not deviated from the approved objects of the funds, and the audit committee has reviewed the statement. The funds were raised for investment in TCL global BV for onward investment into TCL Specialties LLC in the United States, general corporate purposes, and issue expenses.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Thirumalai Chemicals Ltd - 500412 - Compliances - Statement Of Deviation & Variation Under Regulation 32 Of SEBI (LODR)

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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/SE026/2026-27 August 04, 2026 The National Stock Exchange of India Limited BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street Mumbai 400 051 Mumbai 400 001 Scrip code: TIRUMALCHM Scrip code: 500412 Dear Sir/ Madam, Sub.: Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter ended June 30, 2026 Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Statement of Deviation or variation in utilization of funds raised through Preferential issue by the Company, for the quarter ended June 30, 2026, reviewed by the Audit Committee at its meeting held on August 03, 2026. This is for your information and records. Thanking you, For Thirumalai Chemicals Limited Aditya Sharma Company Secretary & Compliance officer Statement on Deviation or Va1iation for Preferential Issue Name of listed entity Thirumalai Chemicals Limited Mode of Fund Raising Preferential Issuance Date of Raising Funds December 18, 2025 Amount Raised Rs. 5613.99 Lakhs Report filed for Quarter ended June 30, 2026 Monitoring Agency NA Monitoring Agency Name, if applicable NA Is there a Deviation / Variation in use of funds No raised If yes, whether the same is pursuant to change Not Applicable in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review Nil Comments of the auditors, if any Nil Objects for which funds have been raised and where there has been a deviation, in the following table: Amount Deviati Variatio n for quarter Modifie Original Funds to d Allocatio Modified Utilized applica Object, n (Rs. In Allocation (Rs. In ble Remarks, if Original Object if Any lakhs) (Rs. In lakhs) lakhs) object any Investment in TCL global BV for onward investment eventually into TCL Specialties LLC in the United States of America to finance capital expenditure NIL 3599.00 3584.62 3584.62 NIL NIL General Corporate Purposes NIL 2000.00 2,013.57 2,012.59 NIL NIL Issue Expenses NIL 15 15.8 15.8 NIL NIL • Out of the funds received, Rs. 0.98 Lakhs is still lying as a balance in the Share Application Account and will be utilised for General Corporate Purposes. For Thirumalai Chemicals Limited Ramya Bharathram Managing Director and CFO