The Company has been allotted 15,20,270 Equity Shares of TCL at a price of Rs. 296/- per Equity Share (including a premium of Rs. 295/- per share).
ULTRAMAR · price
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Ultramarine & Pigments Ltd has been allotted 15,20,270 equity shares of Thirumalai Chemicals Ltd (TCL) at Rs. 296 per share (including a premium of Rs. 295), for an aggregate investment of approximately Rs. 44.99 crores. This allotment was made on a preferential basis, and Ultramarine & Pigments is part of the promoter group of TCL. Following this allotment, the company's shareholding in TCL has increased from 77.24% (2,04,57,770 shares) to 78.23% (2,19,72,040 shares), a marginal rise of 0.99%. This is in continuation of an earlier intimation dated 29th October 2025 regarding the subscription.
This is a routine promoter-group top-up of an existing majority stake in TCL, funded by around Rs. 45 crores. For Ultramarine & Pigments shareholders, it reinforces their exposure to TCL but ties up additional capital in the promoter group entity; the marginal 0.99% increase means no major shift in control or strategic positioning.