Thirumalai Chemicals logo

Thirumalai Chemicals MD, chairman, board of directors and AGM

NSE: TIRUMALCHMBSE: 500412Chemicals & PetrochemicalsSmall Cap

Last close ₹120.09down ₹5.59 (4.45%)BSE ₹120.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹125.68.

52-week range of traded prices to 23 Oct 2026
₹118.00Low, 23 Oct 2026₹293.75High, 24 Oct 2025
Market cap
₹1,448 Cr1,102nd largest listed
P/E
Lossover the last 12 months
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
−11.2%
ROCE
−1.9%
Debt to equity
1.34
Volume, NSE
4,16,25844.1% delivered

Thirumalai Chemicals board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorRamya Bharathram
  • Chairperson and managing directorR Parthasarathy
  • Company Secretary and Compliance OfficerAditya Sharma

9 directors5 independent2 executive2 non-executive

  • Ramya Bharathram · Managing directorExecutive · joined Nov 2014 · reappointed May 2024 · 1 listed board
  • Parameshwaran Mohanachandra NairNon-executive · joined Oct 2015 · reappointed Jul 2024 · 1 listed board · 1 committee seat
  • Rajeev PandiaIndependent · joined Aug 2018 · reappointed Jul 2024 · 83 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • Bhama KrishnamurthyIndependent · joined Mar 2020 · reappointed Aug 2025 · 70 months as independent · 5 listed boards · 5 as independent · 7 committee seats
  • R Parthasarathy · Chairperson and managing directorExecutive · joined Sep 1990 · reappointed Aug 2025 · 1 listed board
  • M SomasundaramIndependent · joined Jul 2024 · reappointed Jul 2024 · 23 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • D. SabithaIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Raj Kumar KatariaNon-executive · joined May 2025 · reappointed May 2025 · 2 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • Meghav Deepak MehtaIndependent · joined Jun 2025 · reappointed Jun 2025 · 12 months as independent · 2 listed boards · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Arun Alagappan, left 31 Mar 2026: Others
  • R Sampath, left 15 Aug 2025: Others
  • Arun Ramanathan, left 21 Jul 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 30 May 20267 of 9 present4 independent · 17 days in between
    • 12 May 20268 of 9 present5 independent · 13 days in between
    • 28 Apr 20268 of 9 present5 independent · 72 days in between
    • 14 Feb 20269 of 10 present5 independent

  • Audit Committee

    Chair M Somasundaram

    Bhama Krishnamurthy, Rajeev Pandia, D. Sabitha, Raj Kumar Kataria

    • 29 May 20265 of 5 present4 independent · 16 days in between
    • 12 May 20265 of 5 present4 independent · 13 days in between
    • 28 Apr 20265 of 5 present4 independent · 40 days in between
    • 18 Mar 20264 of 5 present4 independent · 32 days in between
    1 earlier meeting
    • 13 Feb 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Rajeev Pandia

    Bhama Krishnamurthy, Raj Kumar Kataria

    • 18 May 20262 of 3 present2 independent · 115 days in between
    • 22 Jan 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Raj Kumar Kataria

    Parameshwaran Mohanachandra Nair, D. Sabitha, M Somasundaram

    • 18 May 20262 of 4 present2 independent

  • Risk Management Committee

    Chair Rajeev Pandia

    Bhama Krishnamurthy, Ramya Bharathram, Meghav Deepak Mehta, Sanjay Sinha, B. Krishnamurthy

    • 18 May 20263 of 4 present2 independent · 116 days in between
    • 21 Jan 20264 of 4 present3 independent

  • Corporate Social Responsibility Committee

    Chair Bhama Krishnamurthy

    R Parthasarathy, D. Sabitha, Meghav Deepak Mehta

    • 12 May 20263 of 4 present3 independent
    • 9 Feb 20262 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Walker Chandiok & Co LLPPeer-review certificate valid to May 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Thirumalai Chemicals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Thirumalai Chemicals dividend history

Annual general meeting, 7 Aug 2026

59,342 shareholders on the register on 31 Jul 2026; present: 26 promoters and 48 others; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2026, and the Reports of the Directors and Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 45.81% · promoters 99.60% · institutions 86.75% · other public 1.43%

  2. To appoint a Director in place of Ms. Ramya Bharathram (DIN: 06367352), who retires by rotation and being eligible, offers herself for reappointment
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.86%

    Turnout: all 45.82% · promoters 99.60% · institutions 86.88% · other public 1.43%

  3. To appoint M/s. PKF Sridharan & Santhanam LLP, Chartered Accountants as Statutory Auditor of the Company
    Ordinary
    98.29% for1.71% against

    Against: promoters 0.00% · institutions 9.51% · other public 1.99%

    Turnout: all 45.82% · promoters 99.60% · institutions 86.88% · other public 1.43%

  4. To ratify the remuneration to Cost Auditor for Financial Year ended March 31, 2026
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.07%

    Turnout: all 45.82% · promoters 99.60% · institutions 86.88% · other public 1.43%

  5. To approve payment of remuneration to Non-Executive Directors
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.14% · other public 2.99%

    Turnout: all 45.82% · promoters 99.60% · institutions 86.88% · other public 1.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Jun 2026, 1 resolution

58,035 shareholders on the register on 8 May 2026; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)

  1. To consider and approve the creation of pledge on the equity shares and security over the assets by the subsidiaries of the Company against the loan facilities to be availed by TCL Specialties LLC, a double step-down subsidiary of the CompanyMoreLess
    Special
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.97% · other public 0.86%

    Turnout: all 48.98% · promoters 99.60% · institutions 89.21% · other public 2.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 28 Nov 2025, 1 resolution

59,876 shareholders on the register on 24 Oct 2025; votes counted by Mr. Manoj Mimani / R M Mimani & Associates LLC.The company's voting result (opens in a new tab)

  1. To approve the issuance of Equity Shares for cash consideration by way of a Preferential Issue on a private placement basis to investors
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.16%

    Turnout: all 37.59% · promoters 98.75% · institutions 14.69% · other public 0.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jul 2025, 9 resolutions

61,942 shareholders on the register on 18 Jul 2025; present: 18 promoters and 53 others; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt (a) the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2025, together with the reports of the Board of Directors and the Auditors’ thereon; and (b) the audited consolidated financial statements of the Company for the financial year ended on March 31, 2025 together with the report of Auditors’ thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 43.35% · promoters 97.87% · institutions 68.27% · other public 0.68%

  2. To approve re-appointment of Mr. R Sampath (DIN:00092144), Director who retires by rotation and, being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.20% · other public 0.13%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  3. To re-appoint Mr. R. Parthasarathy (DIN: 00092172) as Chairman and Managing Director - Special Resolution
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  4. To re-appoint Mrs. Bhama Krishnamurthy (DIN: 02196839) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  5. To appoint Mrs. D. Sabitha (DIN: 01711282) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  6. To appoint Mr. Meghav Mehta (DIN:05229853) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  7. To appoint Mr. Raj Kataria (DIN:01960956) as a Non- Executive Non-Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  8. To appoint M/s. R M Mimani & Associates, LLP, Practicing Company Secretaries (Firm Reg. No. L2015MH008300), as Secretarial Auditor for a term of 5 (five) years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.06% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

  9. To ratify the remuneration of M/s. GSVK and Co., Practicing Cost accountants (Firm Regn. No. 002371), Cost Auditor of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 43.38% · promoters 97.87% · institutions 69.39% · other public 0.68%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 14 Jul 2025, 3 resolutions

60,978 shareholders on the register on 7 Jul 2025; present: 17 promoters and 20 others; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)

  1. To approve the issuance of Equity Shares for cash consideration by way of a Preferential Issue on a private placement basis to investors
    Special
    99.55% for0.45% against

    Against: promoters 0.00% · institutions 10.57% · other public 3.21%

    Turnout: all 43.39% · promoters 98.74% · institutions 60.33% · other public 0.50%

  2. Approval for Creation of Pledge on the Equity Shares of TCL Intermediates Private Limited, Material Wholly Owned Subsidiary of the Company
    Special
    99.30% for0.71% against

    Against: promoters 0.00% · institutions 16.75% · other public 3.21%

    Turnout: all 43.39% · promoters 98.74% · institutions 60.33% · other public 0.50%

  3. To amend the Articles of Association of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.24%

    Turnout: all 43.39% · promoters 98.74% · institutions 60.33% · other public 0.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Mar 2025, 2 resolutions

61,475 shareholders on the register on 19 Feb 2025; votes counted by MANOJ MIMANI / R M MIMANI & ASSOCIATES LLP.The company's voting result (opens in a new tab)

  1. To approve raising of funds in one or more tranches, by issuance of securities by way of private offerings, qualified institutions placement(s) and/or any combination thereof or any other method as may be permitted under applicable laws for an amount not exceeding Rs. 700 croresMoreLess
    Special
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 15.04% · other public 1.37%

    Turnout: all 43.45% · promoters 98.61% · institutions 53.75% · other public 0.52%

  2. Increasing the Borrowing Powers under Section 180(1)(c) of the Companies Act, 2013 up to INR 1700 Crores
    Special
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 6.11% · other public 0.75%

    Turnout: all 43.45% · promoters 98.61% · institutions 53.75% · other public 0.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Jul 2024, 7 resolutions

Present: 10 promoters and 60 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2024, and the Reports of the Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 43.98% · promoters 98.43% · institutions 62.61% · other public 0.37%

  2. To declare dividend for the Financial Year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 44.02% · promoters 98.43% · institutions 63.70% · other public 0.37%

  3. To appoint a Director in place of Mr. P. Mohana Chandran Nair (DIN 07326079), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 44.02% · promoters 98.43% · institutions 63.70% · other public 0.37%

  4. To re-appoint Mrs. Ramya Bharathram (DIN:06367352) as Managing Director.
    SpecialPromoters have an interest in it
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 4.04% · other public 2.60%

    Turnout: all 44.02% · promoters 98.43% · institutions 63.70% · other public 0.37%

  5. To re-appoint Mr. Rajeev M. Pandia (DIN 00021730) as an Independent Director.
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 3.70% · other public 0.49%

    Turnout: all 44.02% · promoters 98.43% · institutions 63.70% · other public 0.37%

  6. To appoint Mr. M. Somasundaram (DIN: 05185268) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.53%

    Turnout: all 44.02% · promoters 98.43% · institutions 63.70% · other public 0.37%

  7. To ratify the remuneration of Cost Auditor for Financial Year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.64%

    Turnout: all 44.02% · promoters 98.43% · institutions 63.70% · other public 0.37%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 22 Jul 2023, 4 resolutions

Present: 5 promoters and 94 others.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2023, and the Reports of the Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 42.86% · promoters 97.93% · institutions 68.98% · other public 0.51%

  2. 2 - To declare dividend for the Financial Year ended March 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 42.91% · promoters 97.93% · institutions 71.62% · other public 0.51%

  3. 3 - To appoint a Director in place of Mrs. Ramya Bharathram (DIN- 06367352), who retires by rotation and being eligible, offers himself for re-appointment. ttttt
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.24%

    Turnout: all 42.91% · promoters 97.93% · institutions 71.62% · other public 0.51%

  4. 4 - To ratify the remuneration of Cost Auditor for Financial Year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.69%

    Turnout: all 42.91% · promoters 97.93% · institutions 71.62% · other public 0.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 7 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2026, and the Reports of the Directors and Auditors thereonMoreLess
    1 for0 against
  • To appoint a Director in place of Ms. Ramya Bharathram (DIN: 06367352), who retires by rotation and being eligible, offers herself for reappointment
    1 for0 against
  • To appoint M/s. PKF Sridharan & Santhanam LLP, Chartered Accountants as Statutory Auditor of the Company
    1 for0 against
  • To ratify the remuneration to Cost Auditor for Financial Year ended March 31, 2026
    1 for0 against
  • To approve payment of remuneration to Non-Executive Directors
    1 for0 against

Mutual fund votes, meeting of 12 Jun 2026, 3 fund houses

  • To consider and approve the creation of pledge on the equity shares and security over the assets by the subsidiaries of the Company against the loan facilities to be availed by TCL Specialties LLC, a double step-down subsidiary of the CompanyMoreLess
    3 for0 against
6 earlier meetings

Mutual fund votes, meeting of 28 Nov 2025, 3 fund houses

  • To create, offer, issue and allot up 18,96,614 fully paid-up Equity Shares of face value of Rs. 1/- each at a price of Rs. 296/- (including a premium of Rs. 295/- each) per Equity Share, which is not less than the floor price determined in accordance with Chapter V of the SEBI ICDR Regulations, aggregating up to Rs. 56,14,00,000/-.MoreLess
    3 for0 against

Mutual fund votes, meeting of 25 Jul 2025, 6 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To approve re-appointment of Mr. R Sampath (DIN:00092144), Director who retires by rotation and, being eligible, offers himself for re-appointment
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundAppointment of Director beyond 75 years of age sought through ordinary resolution instead of special resolution.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on the merit of proposed appointee. Non-Compliant with SEBI LODR: Appointment of Director beyond 75 years of age sought through ordinary resolution instead of Special resolution.
    3 for3 against
  • To re-appoint Mr. R. Parthasarathy (DIN: 00092172) as Chairman and Managing Director - Special Resolution
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund
    • Angel One Mutual FundGovernance Concern: Combined position of Chairman and Managing Director, which may lead to concentration of power in the hands of single person. No absolute cap on variable pay or total remuneration may result in significant potential remuneration in case of uncertain profits.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance Concern: Combined position of Chairman and Managing Director, which may lead to concentration of power in the hands of single person. No absolute cap on variable pay or total remuneration may result in significant potential remuneration in case of uncertain profits.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    2 for4 against
  • To re-appoint Mrs. Bhama Krishnamurthy (DIN: 02196839) as an Independent Director
    6 for0 against
  • To appoint Mrs. D. Sabitha (DIN: 01711282) as an Independent Director
    6 for0 against
  • To appoint Mr. Meghav Mehta (DIN:05229853) as an Independent Director
    6 for0 against
  • To appoint Mr. Raj Kataria (DIN:01960956) as a Non- Executive Non-Independent Director
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundGovernance Concern: Cooling off period of one-year not served from Independent Director to Non-Executive Director; appointment as Non-Executive Director raises question over his independence as Independent Director.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with Law. Governance Concern: Cooling off period of 1-year not served from ID to NED; appointment as NED raises question over his independence as ID.
    3 for3 against
  • To appoint M/s. R M Mimani & Associates, LLP, Practicing Company Secretaries (Firm Reg. No. L2015MH008300), as Secretarial Auditor for a term of 5 (five) years
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund
    • Angel One Mutual FundProposed audit fee payable to Secretarial Auditors not disclosed.
    • Bandhan Mutual Fund, Groww Mutual FundNo concern on merit of the proposed Secretarial Auditors. Non-Compliant with Regulation 36(5) of SEBI LODR: Proposed audit fee payable to Secretarial Auditors not disclosed.
    3 for3 against
  • To ratify the remuneration of M/s. GSVK and Co., Practicing Cost accountants (Firm Regn. No. 002371), Cost Auditor of the Company
    6 for0 against
1 proposal not matched to one resolution
  • To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2025, and the Reports of the Directors and Auditors thereon.MoreLess
    6 for0 against

Mutual fund votes, meeting of 14 Jul 2025, 6 fund houses

  • To approve the issuance of Equity Shares for cash consideration by way of a Preferential Issue on a private placement basis to investors
    Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance Concern: Cumulative dilution appears to be excessive; no clarity why rights issue is not opted for; no clarity regarding the basis behind selecting the proposed set of allottees.
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Cumulative dilution appears to be excessive; no clarity why rights issue is not opted for; no clarity regarding the basis behind selecting the proposed set of allottees.
    3 for3 against
  • Approval for Creation of Pledge on the Equity Shares of TCL Intermediates Private Limited, Material Wholly Owned Subsidiary of the Company
    Against Angel One Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundTransparency concern: Inadequate disclosure regarding underlying debt amount and in whose favour the pledge is created.
    • Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Transparency concern: Inadequate disclosure regarding underlying debt amount and in whose favour the pledge is created.
    3 for3 against
  • To amend the Articles of Association of the Company
    6 for0 against

Mutual fund votes, meeting of 26 Mar 2025, 5 fund houses

  • To approve raising of funds in one or more tranches, by issuance of securities by way of private offerings, qualified institutions placement(s) and/or any combination thereof or any other method as may be permitted under applicable laws for an amount not exceeding Rs. 700 croresMoreLess
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance concern: Excessive dilution. No clarity regarding whether Rights Issue will be opted for or not and if yes, then for what portion.
    2 for3 against
  • Increasing the Borrowing Powers under Section 180(1)(c) of the Companies Act, 2013 up to INR 1700 Crores
    5 for0 against

Mutual fund votes, meeting of 24 Jul 2024, 4 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2024, and the Reports of the Directors and Auditors thereon.MoreLess
    4 for0 against
  • To declare dividend for the Financial Year ended March 31, 2024.
    4 for0 against
  • To appoint a Director in place of Mr. P. Mohana Chandran Nair (DIN 07326079), who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
  • To re-appoint Mrs. Ramya Bharathram (DIN:06367352) as Managing Director.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: No cap on fixed pay i.e. absolute power to the board to decide increment; no absolute cap on commission payable / variable pay.
    1 for3 against
  • To re-appoint Mr. Rajeev M. Pandia (DIN 00021730) as an Independent Director.
    4 for0 against
  • To appoint Mr. M. Somasundaram (DIN: 05185268) as an Independent Director.
    4 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 1,00,000/- in addition to reimbursement of out of pocket expenses payable to M/s GSVK and Co., Cost Accountants, having Registration No. 002371 at Block D, Flat 307, 3rd Floor, Shayam's Yesgeeyes, SP Homes, No. 156, Rajan Kuppam Road, Ayanambakkam, Chennai - 600 095 as Cost Auditor to issue Compliance Certificate and to audit the Cost Accounts of the Company for FY 24 - 25.MoreLess
    4 for0 against

Mutual fund votes, meeting of 22 Jul 2023, 1 fund house

  • 1 - To receive, consider and adopt the Audited Financial Statements (including consolidated Financial Statements) for the Financial Year ended on March 31, 2023, and the Reports of the Directors and Auditors thereon.MoreLess
    1 for0 against
  • 2 - To declare dividend for the Financial Year ended March 31, 2023.
    1 for0 against
  • 3 - To appoint a Director in place of Mrs. Ramya Bharathram (DIN- 06367352), who retires by rotation and being eligible, offers himself for re-appointment. ttttt
    1 for0 against
  • 4 - To ratify the remuneration of Cost Auditor for Financial Year 2023-24.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeJoint Commissioner of Central taxSince 24 Oct 2023
    The order of The Commissioner of Central Tax (Appeals-II) Chennai) upheld incorrect availment of Input Tax Credit (ITC) by the company. The Company is firm on its stand that the demands are erroneous and not sustainable. Hence the company is prefering to file further appeal with the appropriate authority. As a pre-requirement, a deposit of Rs. 74.73 lacs has been made and an intimation regarding the same has been given to the appropriate authorities. Further directions from the Honourable High Court are awaited.MoreLess
    At the filing before: The order of The Commissioner of Central Tax (Appeals-II) Chennai) upheld incorrect availment of Input Tax Credit (ITC) by the company. The Company is firm on its stand that the demands are erroneous and not sustainable. Hence the company is prefering to file further appeal with the appropriate authority. As a pre-requirement, a deposit of Rs. 74.73 lacs has been made and an intimation regarding the same has been given to the appropriate authoritiesMoreLess
  • Tax disputeDeputy Commissioner of State Tax, MaharashtraSince 3 Jan 2024
    The Company, prima facie, believes that the demands are erroneous and not sustainable. Hence an Appeal is filed with The Joint Commissioner of State Tax & GST (Appeals - VI) Mumbai
  • Tax disputeOffice of the Deputy commissioner of customsSince 21 Jun 2026
    The Company is of the view that no incorrect availment of IGST has occurred and has accordingly submitted a response, along with the relevant explanations, to the Deputy Commissioner of Customs substantiating its position.MoreLess
    At the filing before: OIO-12/2026-27 Wrong availment of IGST refund on Exports for Rs. 72,818/-
  • Tax disputeAssistant Commissioner(State Tax) Ranipet (Sipcot)Since 24 Jun 2026
    The Company is of the view that no incorrect availment of IGST has occurred and has accordingly submitted a response, along with the relevant explanations, to the Assistant Commissioner (State Tax), Ranipet (Sipcot), substantiating its position.MoreLess
    At the filing before: DRC-01/2022-23 Wrong availment of IGST refund on Exports for Rs. 1,90,737/-
  • Tax disputeAssistant Commissioner(State Tax) Ranipet (Sipcot)Since 24 Jun 2026
    The Company is of the view that no incorrect availment of IGST has occurred and has accordingly submitted a response, along with the relevant explanations, to the Assistant Commissioner (State Tax) Ranipet (Sipcot) substantiating its position.MoreLess
    At the filing before: DRC-01/2023-24 Wrong availment of IGST refund on Exports for Rs. 5,919/-

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Dec 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesDec 202556.14Investment in TCL global BV for onward investment eventually into TCL Specialties LLC in the United States of America to finance capital expenditure35.8535.85No
Preferential IssuesDec 202556.14General Corporate Purposes20.1420.13No
Preferential IssuesDec 202556.14Issue Expenses0.160.16No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.