Thirumalai Chemicals Limited — Others, 12-06-2025: Action(s) initiated or orders passed

Thirumalai Chemicals has received a notice from the Commercial Tax Officer in Tamil Nadu alleging excess and ineligible Input Tax Credit (ITC) amounting to Rs. 377.04 lakhs, including tax, interest, and penalty. The company disputes these claims and plans to contest them legally. It expects the financial impact to be minimal and not material to its financial position, with no significant effect anticipated on operations or shareholder value.