Thirumalai Chemicals Limited — Important, 20-05-2025: Updates

Thirumalai Chemicals has announced a board meeting to consider the financial results for the quarter and half-year. Its subsidiary, Optimistic Organic Sdn. Bhd., is facing weak Maleic Anhydride sales due to tough market conditions in China, Far East, and tariff impacts. Majority shareholder Cheminvest Pte Ltd is exploring value-accretive options like divestment or partnerships to tackle these headwinds. Further updates are expected as the situation evolves.