Thirumalai Chemicals Limited — Others, 25-07-2025: Shareholders meeting

The company concluded its 52nd Annual General Meeting, adopting the audited financial results for the last financial year. Key operational updates include a new plant in Western India, adding approximately 100,000 tons capacity for Phthalic Anhydride and Fine Chemicals, which is now ramping up production. A significant US project for Food Ingredients and Maleic Anhydride is set to commence operations in the coming months, benefiting from low feedstock costs and high product prices. The company's market value has grown substantially to nearly Rs. 3000 Cr without recent equity raises. To strengthen the equity base, a preference share raise was approved. Board changes include new independent directors and a non-executive non-independent director.