Thirumalai Chemicals Limited — Important, 24-07-2025: General Updates

Thirumalai Chemicals updated its capital allocation strategy for the recent 450.62 Cr preferential share issue. While 110.62 Cr was designated for General Corporate Purposes (GCP), the company now clarifies these funds *will not* be used for investments in subsidiaries, joint ventures, or associates. This revision, prompted by stock exchange comments, tightens the utilization scope of a significant capital portion. It provides investors with greater clarity on how the raised capital will be deployed, focusing on core operational exigencies and general expenses rather than external investments.