Thirumalai Chemicals to Raise Rs. 700 Crores, Appoints New Company Secretary

Thirumalai Chemicals Ltd. announced its decision to raise funds up to Rs. 700 crores through various methods, including public offer, private placement, and preferential issue. The funds will be used for part-financing the capex requirements of subsidiaries, general corporate purposes, and retiring some debts. The company also appointed Mr. R. Pramod Kumar as the new Company Secretary and Compliance Officer. The un-audited financial results for the quarter ended December 31, 2024, were also approved in the meeting.