Please find attached Statement of Deviation and Variation in utilization of funds raised through preferencial issue for the quarter ended June 30, 2026
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 04 Aug 2026, 05:43 PM IST · BSE ID: e0bcd820-e3b3-4ffb-94f0-2e5b8348a343
View Original BSE Filing (PDF)
💡
In Simple Terms
The company confirms it used money raised from shareholders exactly as planned, with no changes.
🤖 AI Summary
- Thirumalai Chemicals reports no deviation in utilization of Rs. 5613.99 Lakhs from preferential issue.
- Funds raised December 18, 2025, used for overseas investment and general corporate purposes.
- Audit Committee reviewed the fund utilization statement for the quarter ending June 30, 2026.
- No deviations were noted in the allocation towards capital expenditure financing and general purposes.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount Raised
Rs. 5613.99 Lakhs
Date of Raising Funds
December 18, 2025
Quarter Ended
June 30, 2026
Original Allocation - Investment in TCL global BV
3599.00 Lakhs
Utilized - Investment in TCL global BV
3584.62 Lakhs
Original Allocation - General Corporate Purposes
2000.00 Lakhs
Modified Allocation - General Corporate Purposes
2,013.57 Lakhs
Utilized - General Corporate Purposes
2,012.59 Lakhs
Issue Expenses Allocated
15 Lakhs
Issue Expenses Utilized
15.8 Lakhs
🏢 How This Affects the Company
Adherence to planned fund utilization supports the execution of the company's strategic objectives, including overseas expansion.
Confirms financial discipline in deploying capital raised, aligning with stated objectives and potentially avoiding financial risks associated with deviations.
Absence of deviation reduces risk related to regulatory scrutiny and potential financial impropriety.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders regarding this disclosure.
👤
Who Is Affected
All shareholders are affected by the company's transparent reporting of fund utilization, demonstrating good governance.
🔍
Management Signal
Management signals commitment to financial accountability and adherence to shareholder-approved objectives for capital deployment.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarter's results for continued adherence to fund utilization.
Updates on overseas investment progress in TCL Specialties LLC.
Further details on the use of the Rs. 0.98 Lakhs balance in Share Application Account.
LOW RISK
Company reported no deviation in fund utilization, indicating strong financial control.
💡 Investor Takeaway
Thirumalai Chemicals Limited confirmed no deviation in the utilization of Rs. 5613.99 Lakhs raised via preferential issue, with funds deployed as per original objects for overseas investment and general corporate purposes.
⚖️ Strengths & Concerns
✅ Positives
- No deviation in fund utilization, demonstrating financial discipline in executing strategic capital allocation plans.
- Successful adherence to original fund allocation of Rs. 3599.00 Lakhs for overseas capital expenditure financing.
⚠️ Concerns
- Slight over-utilization of Rs. 12.59 Lakhs under General Corporate Purposes compared to initial Rs. 2000.00 Lakhs allocation.
- Small balance of Rs. 0.98 Lakhs remaining in Share Application Account from General Corporate Purposes funds.
❓ Frequently Asked Questions
What was the total amount raised by Thirumalai Chemicals via preferential issue?
Thirumalai Chemicals Limited raised Rs. 5613.99 Lakhs through a preferential issuance.
When did Thirumalai Chemicals raise funds through preferential issue?
The preferential issuance to raise funds by Thirumalai Chemicals Limited was on December 18, 2025.
What were the main objects for which Thirumalai Chemicals raised funds?
Funds were raised for investment in TCL global BV for onward investment into TCL Specialties LLC in the USA and for General Corporate Purposes.
Did Thirumalai Chemicals deviate from its planned use of raised funds for the quarter ended June 30, 2026?
No, Thirumalai Chemicals Limited reported no deviation or variation in the utilization of funds raised for the quarter ended June 30, 2026.
How much was utilized for investment in TCL global BV by Thirumalai Chemicals?
Thirumalai Chemicals Limited utilized Rs. 3584.62 Lakhs for investment in TCL global BV against an allocation of Rs. 3599.00 Lakhs.
Questions based on this BSE filing only. For information purposes.