Thirumalai Chemicals Limited — Others, 21-02-2025: Shareholders meeting

Thirumalai Chemicals has announced a board meeting on February 20, 2025, to seek shareholder approval for two special resolutions through a postal ballot. The first resolution aims to raise funds of up to ₹700 crores via private offerings and other permissible methods. This capital will support ongoing projects, including a new manufacturing unit in the U.S. and an existing facility in Gujarat. The second resolution seeks to increase borrowing powers from ₹1,000 crores to ₹1,700 crores to accommodate financing needs. This move is likely to enhance operational capacity and boost investor confidence, aligning with the company's growth objectives.