Date: September 30, 2026
Board Meeting Outcomes
- The Fund Raising Committee of the Board of Directors met on Wednesday, September 30, 2026.
- The meeting commenced at 11:00 a.m. and concluded at 11:45 a.m.
- The Committee approved the sale of up to 9,50,000 equity shares held in Ultramarine & Pigments Limited through stock exchanges in the open market.
Disinvestment / Strategic Actions
- Target Company: Ultramarine & Pigments Limited
- Relationship with Target Company: Promoter
- Current Holding: 27,38,837 equity shares (9.38% of total capital)
- Proposed Sale: Up to 9,50,000 equity shares (3.25% of total capital)
- Mode of Sale: Through stock exchange(s) in the open market
- Expected Timeline for Completion: September 30, 2026 (immediate effect)
- Last Closing Price of Target Company: Rs. 418.50 (NSE) and Rs. 418.10 (BSE) as on September 30, 2026
- Related Party Transaction: No
Other Operational / Legal / Strategic Disclosures
- The disclosure is made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The information has been made available on the company's website at https://thirumalaichemicals.com.