Board Meeting4 Aug 2026, 04:14 pm
Thirumalai Chemicals Board Approves Fund Raise & Windmill Sale
AI Summary
Thirumalai Chemicals Ltd announced that its Board of Directors has approved a proposal to raise funds up to ₹750 crores through various instruments including debt and equity. The funds are intended for day-to-day operations and debt repayment. Additionally, the Board approved the sale of four windmills with a total installed capacity of 3.2 MW. The company also declared its unaudited financial results for the quarter ended June 30, 2026, both standalone and consolidated, along with limited review reports.
Key Highlights
- Board approved raising up to ₹750 crores via debt and/or equity.
- Proceeds to be used for operations and debt refinancing.
- Approved sale of four windmills totaling 3.2 MW capacity.
- Unaudited financial results for Q1 FY27 declared.
- Board meeting held on August 04, 2026.
Price Impact
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