Thirumalai Chemicals Completes Full Utilization of Rs. 450.63 Crore Preferential Issue Proceeds
Published on: Feb. 15, 2026, 1:17 a.m. | Source: scanx.trade
Thirumalai Chemicals Limited has completed the full utilization of Rs. 450.63 crore raised through its preferential issue, as confirmed in the final monitoring report for Q3FY26. The proceeds were deployed as planned: Rs. 330.00 crore for capital expenditure through TCL Specialties LLC, Rs. 110.90 crore for general corporate purposes, and Rs. 9.73 crore for issue expenses, with no deviations from the original objects.
