Thirumalai Chemicals Limited — Others, 27-03-2025: Shareholders meeting

Thirumalai Chemicals Limited has announced a board meeting on March 27, 2025, to disclose the results of a postal ballot where shareholders voted on two special resolutions. The first resolution, concerning the approval to raise up to INR 700 crores through various methods, saw 99.35% of votes in favor. The second resolution to increase borrowing powers to INR 1,700 crores received 99.74% support. The successful resolutions present a strong growth avenue for the company, enabling enhanced financial flexibility and strategic investment opportunities, which could bolster investor confidence.