Thirumalai Chemicals allots 18.96 lakh shares to promoter group at Rs 296 each
TIRUMALCHM · price
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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and in line with its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thirumalai Chemicals has allotted 18,96,614 equity shares at Rs 296 each (including Rs 295 premium, face value Rs 1) on a preferential basis to Promoters and Promoter Group entities. Total value aggregates to about Rs 56.14 crore. All 16 allottees are from the promoter or promoter group, including individuals, HUFs, three family trusts, and one body corporate (Ultramarine and Pigments Ltd, which got the largest share at 15.20 lakh shares). Post-allotment, paid-up equity capital rises from 11.86 crore shares to 12.05 crore shares, a small expansion of about 1.6 percent. The Fund Raising Committee approved the allotment on December 23, 2025.
Promoter group holding increases, paid-up equity capital expands about 1.6 percent, causing minor dilution for existing non-promoter shareholders.