Thirumalai Chemicals Limited has informed the Exchange about Copy of Newspaper Publication
TIRUMALCHM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thirumalai Chemicals Limited has published newspaper advertisements in Economic Times (English) and Maharashtra Times (Marathi) on May 14, 2026, informing shareholders about a Postal Ballot for e-voting. The only special business item seeks approval for creation of pledge on equity shares and security over assets by the Company's subsidiaries against loan facilities to be availed by TCL Specialties LLC, a double step-down subsidiary. The e-voting period runs from May 14, 2026 (9:00 AM IST) to June 12, 2026 (5:00 PM IST). The cut-off date for determining eligible voters was May 8, 2026. Results will be declared within 2 working days after the voting period ends.
If approved, this resolution allows subsidiaries to pledge shares and assets as collateral for loans to TCL Specialties LLC, which could increase contingent liabilities on the parent company. Shareholders should assess the financing purpose and associated risks before voting.