Thirumalai Chemicals to Sell 5% Ultramarine Stake

Disclosure Nature

Regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding outcome of Fund Raising Committee meeting.

Event Details

The Fund Raising Committee of the Board of Directors met on Sunday, August 30, 2026. The meeting commenced at 09:00 PM and concluded at 09:30 PM.

The Committee approved the sale of equity shares held in Ultramarine & Pigments Limited through permitted modes under SEBI regulations/circulars/guidelines.

Transaction Specifics

• Target Company: Ultramarine & Pigments Limited
• Relationship: Thirumalai Chemicals is a promoter of Ultramarine & Pigments Limited
• Current Holding: 41,98,837 equity shares representing 14.38% of total capital
• Proposed Sale: Up to 14,60,000 equity shares representing 5% of total capital
• Timeline: Within 7 working days from approval date (August 30, 2026)
• Mode of Sale: As permitted under SEBI Regulation/Circulars/Guidelines
• Valuation Reference: Current market price of ₹410.70 (Closing Price on BSE on August 28, 2026)
• Related Party Status: The transaction does not qualify as a Related Party Transaction