Summary of Key Information:

Reporting Period (Quarter/Year): Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 and 33

Audit Opinion:

Unmodified opinion issued by statutory auditors Walker Chandiok & Co LLP on both standalone and consolidated financial results.

Key Financial Highlights [₹ in lakhs]:

Standalone Results:

  • Revenue from Operations: Not explicitly disclosed in provided data
  • Total Income: Not explicitly disclosed in provided data
  • EBITDA: Not explicitly disclosed in provided data
  • Net Profit: Net loss of ₹9,465 lakhs for FY26 (compared to profit of ₹10,451 lakhs in FY25)
  • EPS: Not explicitly disclosed in provided data
  • Other Equity: ₹48,574 lakhs as at March 31, 2026 (₹109,642 lakhs as at March 31, 2025)
  • Cash and Cash Equivalents: ₹2,306 lakhs as at March 31, 2026 (₹6,376 lakhs as at March 31, 2025)
  • Debt: Total borrowings of ₹76,792 lakhs (₹48,954 lakhs non-current + ₹27,038 lakhs current) as at March 31, 2026

Consolidated Results:

  • Revenue from Operations: Not explicitly disclosed in provided data
  • Total Income: Not explicitly disclosed in provided data
  • EBITDA: Not explicitly disclosed in provided data
  • Net Profit: Net loss of ₹20,179 lakhs for FY26 (net loss of ₹4,085 lakhs in FY25)
  • EPS: Not explicitly disclosed in provided data
  • Other Equity: ₹55,154 lakhs as at March 31, 2026 (₹114,543 lakhs as at March 31, 2025)
  • Cash and Cash Equivalents: ₹6,399 lakhs as at March 31, 2026 (₹18,291 lakhs as at March 31, 2025)
  • Debt: Total borrowings of ₹209,300 lakhs (₹156,584 lakhs non-current + ₹52,716 lakhs current) as at March 31, 2026

Financial Position Analysis:

The Holding Company incurred a net loss (before tax) of ₹9,465 lakhs and reported negative operating cash flows of ₹20,562 lakhs for FY26. As at March 31, 2026, its current liabilities exceeded current assets (excluding loans/receivables from subsidiaries amounting to ₹34,715 lakhs) by ₹21,153 lakhs.

The Group incurred a net loss (before tax) of ₹20,179 lakhs and reported negative operating cash flows of ₹13,073 lakhs for FY26. As at March 31, 2026, the Group's current liabilities exceeded current assets by ₹50,055 lakhs.

Segment-wise Performance:

In accordance with Ind AS 108, the Group has identified manufacture and sale of organic chemicals as the only reportable segment.

Corporate Actions:

  • Dividend declarations: Not declared for FY26
  • Share split/bonus/buyback: Not specified
  • Capital raising: The company raised ₹49,549 lakhs from issue of equity shares, net of issue expenses

Appointment of Statutory Auditor:

Based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. PKF Sridhar & Santhanam, LLP, Chennai, Chartered Accountants (ICAI Firm Registration No.: 003990S/S200018), as Statutory Auditors for a term of five years, commencing from the conclusion of the 53rd AGM until the conclusion of the 58th AGM, subject to shareholders' approval.

M/s. Walker Chandiok & Co LLP, Chartered Accountants (ICAI Firm Registration No. 001076N/N5000013), the current Statutory Auditor, will continue until the conclusion of the 53rd AGM.

Annual General Meeting:

The 53rd Annual General Meeting will be held on Friday, August 07, 2026 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Other Significant Information:

Impairment Loss:

The Group recognized an impairment loss of ₹444 lakhs in the standalone financial results for the Company's plant located in India and ₹798 lakhs in the consolidated financial results (including ₹354 lakhs pertaining to the plant of its subsidiary in Malaysia) for non-operational plants. This has been disclosed as an exceptional item.

Liquidity and Going Concern:

The management has affirmed the going concern basis based on:

  • Revolving nature of existing working capital facilities (₹19,311 lakhs for Holding Company, ₹26,211 lakhs for Group)
  • Initiatives to strengthen short-term liquidity position including working capital funding arrangements
  • TCL Specialties LLC has executed an engagement letter dated November 26, 2025 with a prospective lender for a proposed first lien senior secured term loan facility of up to USD 130 million
  • Cash flow projections and future business plans

New Labour Codes:

The Government notified implementation of four new labour codes on November 21, 2025. Based on management's estimates, the impact on employee benefit obligations is not material for FY26.

Entities in Consolidation:

The consolidated results include: Thirumalai Chemicals Limited (Holding Company), Optimistic Organic Sdn. Bhd. (Malaysia), Cheminvest Pte Ltd. (Singapore), Lapiz Europe Limited (Europe), TCL Global B.V. (The Netherlands), TCL Inc. (USA), TCL Specialties LLC (USA), and TCL Intermediates Private Limited (India).