Thirumalai Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/10/2025 ,inter alia, to consider and approve issue of Equity Shares ....
TIRUMALCHM · price
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Thirumalai Chemicals has informed the exchanges that its Board of Directors will meet on Saturday, October 25, 2025, to consider and approve the issue of Equity Shares on a Preferential basis under SEBI's ICDR Regulations, 2018. The issue price will be determined as per applicable laws, and the proposal is subject to shareholder approval and other regulatory clearances. The company's trading window has already been closed since October 1, 2025, until 48 hours after Q2 FY26 results are declared. No details on the size of the issue or the proposed allottees have been disclosed yet.
This signals potential equity dilution for existing shareholders once the size, price, and identity of allottees are disclosed. Preferential issues can put short-term pressure on the stock price, especially if priced below market, but may also bring in fresh capital for growth or debt reduction.