Thirumalai Chemicals Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
TIRUMALCHM · price
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Thirumalai Chemicals has informed the stock exchanges that its Board of Directors will meet on Thursday, June 19, 2025, to consider issuing equity shares on a preferential basis under SEBI's ICDR Regulations, 2018. The Board will also decide the issue price, subject to shareholder and regulatory approvals. As per insider trading rules, the trading window for designated persons has been closed with immediate effect and will reopen 48 hours after the Board meeting concludes. The preferential allotment route typically means shares will be issued to select investors at a price determined by the Board, usually at a discount to current market price.
Existing shareholders should brace for potential dilution of their holdings once the preferential issue is finalized and approved. The preferential price will likely be set at a discount to market price, which could put short-term pressure on the stock. Investors should watch for the Board's decision on June 19, including issue size and price, to assess the extent of dilution and valuation impact.