Sale30 Sept 2026, 12:03 pm

Thirumalai Chemicals to Sell Stake in Ultramarine & Pigments

AI Summary

Thirumalai Chemicals Ltd announced today that its Fund Raising Committee has approved the sale of up to 9,50,000 equity shares, representing 3.25% of the total capital, in its subsidiary Ultramarine & Pigments Limited. The sale will be conducted through the stock exchange in the open market. The company holds 27,38,837 shares, or 9.38% of Ultramarine & Pigments. The last closing prices on September 30, 2026, were ₹418.50 on NSE and ₹418.10 on BSE. The transaction is expected to be completed by September 30, 2026, and does not fall under related party transactions.

Key Highlights

Approved sale of up to 9,50,000 equity shares in Ultramarine & Pigments.
Sale represents 3.25% of target company's total capital.
Transaction to be executed via open market on stock exchanges.
Expected completion date is September 30, 2026.
Not classified as a related party transaction.

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TIRUMALCHM

Commodity Chemicals

THIRUMALAI CHEMICALS LTD.

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