Thirumalai Chemicals Limited — Important, 22-11-2024: Disclosure of material issue

Thirumalai Chemicals Ltd has reported a significant equity infusion effort, with the approval for an additional USD 45 million investment in TCL Specialties LLC, building on a previously approved USD 60 million investment. To facilitate this, the company secured a term loan of INR 200 crore from Federal Bank, drawn in multiple tranches since September 2024. It is important to note that the interest expenses on this loan are expected to exceed material event thresholds in the upcoming months, which may influence financial performance. Investors should monitor this development closely as it could impact the company's financial health and strategic direction.