General information about company

Scrip code*500412
NSE Symbol*TIRUMALCHM
MSEI Symbol*NOTLISTED
ISIN*INE338A01024
Name of companyThirumalai Chemicals Limited
Type of companyMain Board
Class of securityEquity
Date of start of financial year01-04-2024
Date of end of financial year31-03-2025
Date of board meeting when results were approved16-05-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange08-05-2025
Description of presentation currencyINR
Level of roundingLakhs
Reporting TypeQuarterly
Reporting QuarterFourth quarter
Nature of report standalone or consolidatedStandalone
Whether results are audited or unaudited for the quarter endedAudited
Whether results are audited or unaudited for the Year to date for current period ended/year endedAudited
Segment ReportingSingle segment
Description of single segmentChemical products and its intermediaries
Start date and time of board meeting16-05-2025 10:30
End date and time of board meeting16-05-2025 14:05
Whether cash flow statement is applicable on companyYes
Type of cash flow statementCash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?Yes
Latest Date on which RPT policy is updated26-10-2022
Indicate Company website link for updated RPT policy of the Companyhttps://thirumalaichemicals.com/compliance-policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?NoCompany has not made any defaults on loans.



Financial Results – Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-01-202501-04-2024
Date of end of reporting period31-03-202531-03-2025
Whether results are audited or unauditedAuditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Income
Revenue from operations57821215207
Other income16463120
Total income59467218327
2Expenses
(a)Cost of materials consumed41775166966
(b)Purchases of stock-in-trade42974660
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-415349
(d)Employee benefit expense 13105881
(e)Finance costs15624448
(f)Depreciation, depletion and amortisation expense8313390
(g)Other Expenses
1Other Expenses560522182
Total other expenses560522182
Total expenses54965207876
3Total profit before exceptional items and tax450210451
4Exceptional items 00
5Total profit before tax450210451
6Tax expense
7Current tax6702195
8Deferred tax8135
9Total tax expenses7512230
10Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
11Net Profit Loss for the period from continuing operations37518221
12Profit (loss) from discontinued operations before tax00
13Tax expense of discontinued operations00
14Net profit (loss) from discontinued operation after tax00
15Share of profit (loss) of associates and joint ventures accounted for using equity method00
16Total profit (loss) for period37518221
17Other comprehensive income net of taxes-21555074
18Total Comprehensive Income for the period159613295
19Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21Details of equity share capital
Paid-up equity share capital10241024
Face value of equity share capital11
22Reserves excluding revaluation reserve89800
23Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations3.668.03
Diluted earnings (loss) per share from continuing operations3.668.03
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiiEarnings per equity share (for continuing and discontinued operations)
Basic earnings (loss) per share from continuing and discontinued operations3.668.03
Diluted earnings (loss) per share from continuing and discontinued operations3.668.03
24Debt equity ratioTextual Information( 1)
25Debt service coverage ratioTextual Information( 2)
26Interest service coverage ratioTextual Information( 3)
27Disclosure of notes on financial resultsTextual Information(4)

Statement of Asset and Liabilities

ParticularsYear ended (dd-mm-yyyy)
Date of start of reporting period01-04-2024
Date of end of reporting period31-03-2025
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment38478
Capital work-in-progress578
Investment property
Goodwill0
Other intangible assets11
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments115094
Trade receivables, non-current
Loans, non-current0
Other non-current financial assets362
Total non-current financial assets115456
Deferred tax assets (net)
Other non-current assets628
Total non-current assets155151
2Current assets
Inventories16323
Current financial asset
Current investments0
Trade receivables, current23421
Cash and cash equivalents6376
Bank balance other than cash and cash equivalents146
Loans, current5486
Other current financial assets4561
Total current financial assets39990
Current tax assets (net)
Other current assets2673
Total current assets58986
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets214137
Total current assets58986
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets214137
Equity and liabilities
1Equity
Equity attributable to owners of parent
Equity share capital1024
Other equity109642
Total equity attributable to owners of parent110666
Non controlling interest
Total equity110666
2Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current42701
Trade Payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities279
Total non-current financial liabilities42980
Provisions, non-current1250
Deferred tax liabilities (net)6004
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities50234
Current liabilities
Current financial liabilities
Borrowings, current9214
Trade Payables, current
(A) Total outstanding dues of micro enterprises and small enterprises780
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises39608
Total Trade payable40388
Other current financial liabilities2566
Total current financial liabilities52168
Other current liabilities588
Provisions, current481
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities53237
3Liabilities directly associated with assets in disposal group classified as held for sale
4Regulatory deferral account credit balances and related deferred tax liability
Total liabilities103471
Total equity and liabilities214137
Disclosure of notes on assets and liabilitiesTextual Information(1)

Other Comprehensive Income

Date of start of reporting period01-01-202501-04-2024
Date of end of reporting period31-03-202531-03-2025
Whether results are audited or unauditedAuditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
1Re-measurement of defined benefit plans43.008.00
2Equity instruments through other Comprehensive income, net-2565.006020.00
Total Amount of items that will not be reclassified to profit and loss-2522.006028.00
2Income tax relating to items that will not be reclassified to profit or loss -367.00954.00
3Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4Income tax relating to items that will be reclassified to profit or loss 0.000.00
5Total Other comprehensive income-2155.005074.00


Cash flow statement, indirect

ParticularsYear ended (dd-mm-yyyy)
Date of start of reporting period01-04-2024
Date of end of reporting period31-03-2025
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Part IBlue color marked fields are non-mandatory.
1Statement of cash flows
Cash flows from used in operating activities
Profit before tax10451
2Adjustments for reconcile profit (loss)
Adjustments for finance costs4448
Adjustments for decrease (increase) in inventories5343
Adjustments for decrease (increase) in trade receivables, current-6934
Adjustments for decrease (increase) in trade receivables, non-current0
Adjustments for decrease (increase) in other current assets6063
Adjustments for decrease (increase) in other non-current assets109
Adjustments for other financial assets, non-current69
Adjustments for other financial assets, current-2466
Adjustments for other bank balances0
Adjustments for increase (decrease) in trade payables, current-5340
Adjustments for increase (decrease) in trade payables, non-current0
Adjustments for increase (decrease) in other current liabilities-304
Adjustments for increase (decrease) in other non-current liabilities0
Adjustments for depreciation and amortisation expense3390
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss0
Adjustments for provisions, current0
Adjustments for provisions, non-current0
Adjustments for other financial liabilities, current305
Adjustments for other financial liabilities, non-current0
Adjustments for unrealised foreign exchange losses gains0
Adjustments for dividend income222
Adjustments for interest income394
Adjustments for share-based payments0
Adjustments for fair value losses (gains)0
Adjustments for undistributed profits of associates0
Other adjustments for which cash effects are investing or financing cash flow0
Other adjustments to reconcile profit (loss)0
Other adjustments for non-cash items-1861
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments for reconcile profit (loss)2206
Net cash flows from (used in) operations12657
Dividends received0
Interest paid0
Interest received0
Income taxes paid (refund)2177
Other inflows (outflows) of cash0
Net cash flows from (used in) operating activities10480
3Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses0
Cash flows used in obtaining control of subsidiaries or other businesses0
Other cash receipts from sales of equity or debt instruments of other entities0
Other cash payments to acquire equity or debt instruments of other entities46053
Other cash receipts from sales of interests in joint ventures0
Other cash payments to acquire interests in joint ventures0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships0
Proceeds from sales of property, plant and equipment-1260
Purchase of property, plant and equipment-229
Proceeds from sales of investment property0
Purchase of investment property0
Proceeds from sales of intangible assets0
Purchase of intangible assets0
Proceeds from sales of intangible assets under development0
Purchase of intangible assets under development0
Proceeds from sales of goodwill0
Purchase of goodwill0
Proceeds from biological assets other than bearer plants0
Purchase of biological assets other than bearer plants0
Proceeds from government grants0
Proceeds from sales of other long-term assets0
Purchase of other long-term assets0
Cash advances and loans made to other parties0
Cash receipts from repayment of advances and loans made to other parties0
Cash payments for future contracts, forward contracts, option contracts and swap contracts0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts0
Dividends received210
Interest received308
Income taxes paid (refund)0
Other inflows (outflows) of cash-1976
Net cash flows from (used in) investing activities-48542
4Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries0
Payments from changes in ownership interests in subsidiaries0
Proceeds from issuing shares0
Proceeds from issuing other equity instruments0
Payments to acquire or redeem entity's shares0
Payments of other equity instruments0
Proceeds from exercise of stock options0
Proceeds from issuing debentures notes bonds etc0
Proceeds from borrowings89984
Repayments of borrowings56172
Payments of lease liabilities368
Dividends paid1024
Interest paid4300
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) financing activities28120
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes-9942
5Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents343
Net increase (decrease) in cash and cash equivalents-9599
Cash and cash equivalents cash flow statement at beginning of period15975
Cash and cash equivalents cash flow statement at end of period6376



Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr. No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of the related party transaction ratified by the audit committeeDate of Audit Committee Meeting where the ratification was approvedValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investments
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment)Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)Notes
1THIRUMALAI CHEMICALS LTDAAACT2015MMr. R.ParthasarathyAAHPP7475KDirectorRemuneration0Nil165.9900
2THIRUMALAI CHEMICALS LTDAAACT2015MMrs. Ramya BharathramAGDPB4141JDirectorRemuneration0Nil150.71080
3THIRUMALAI CHEMICALS LTDAAACT2015MMr. P Mohanachandra NairAADPN9746RDirectorRemuneration0Nil000
4THIRUMALAI CHEMICALS LTDAAACT2015MMr. C.G. SethuramAALPS5433QSenior ManagementRemuneration0Nil000
5THIRUMALAI CHEMICALS LTDAAACT2015MMr. Sanjay SinhaAAMPS2498CSenior ManagementRemuneration0Nil000
6THIRUMALAI CHEMICALS LTDAAACT2015MMr. T. RajagopalanAADPR4658NCompany SecretaryRemuneration0Nil000
7THIRUMALAI CHEMICALS LTDAAACT2015MUltramarine and Pigments LimitedAAACU0718QPromoter holding investmentsPurchase of goods or services37Nil22.312.551.08
8THIRUMALAI CHEMICALS LTDAAACT2015MUltramarine and Pigments LimitedAAACU0718QPromoter holding investmentsSale of goods or services53Nil19.116.893.99
9THIRUMALAI CHEMICALS LTDAAACT2015MUltramarine and Pigments LimitedAAACU0718QPromoter holding investmentsAny other transactionDeposit Payable0Nil01414
10THIRUMALAI CHEMICALS LTDAAACT2015MUltramarine and Pigments LimitedAAACU0718QPromoter holding investmentsAny other transactionLoan repayable2000Nil200002000Loan9.25%Six Months
11THIRUMALAI CHEMICALS LTDAAACT2015MUltramarine and Pigments LimitedAAACU0718QPromoter holding investmentsAny other transactionInterest Paid9.63Nil000
12THIRUMALAI CHEMICALS LTDAAACT2015MThirumalai Charity TrustAAATT0087ARelative of KMP acting as TrusteePurchase of goods or services22.5Nil7.191.680.04
13THIRUMALAI CHEMICALS LTDAAACT2015MThirumalai Charity TrustAAATT0087ARelative of KMP acting as TrusteeAny other transactionCSR Donation280Nil13000
14THIRUMALAI CHEMICALS LTDAAACT2015MAkshaya Vidya TrustAAAAT0331NRelative of KMP acting as TrusteeAny other transactionCSR Donation0Nil000
15THIRUMALAI CHEMICALS LTDAAACT2015MICE Steel 1 Pvt LtdAACCD7385EEntity having Common DirectorPurchase of goods or servicesNil02.822.82
16THIRUMALAI CHEMICALS LTDAAACT2015MTCL INTERMEDIATES PVT LTDAAJCT0669GWholly owned subsidiaryPurchase of goods or services20Nil7.9507.45
17THIRUMALAI CHEMICALS LTDAAACT2015MTCL INTERMEDIATES PVT LTDAAJCT0669GWholly owned subsidiarySale of goods or services7468.88Nil4604.89719.656164.1
18THIRUMALAI CHEMICALS LTDAAACT2015MTCL INTERMEDIATES PVT LTDAAJCT0669GWholly owned subsidiaryAny other transactionLoan to Subsidiary9200Nil540005400Inter-corporate deposit10.25%One YearUnsecuredCapex and preoperatives spending
19THIRUMALAI CHEMICALS LTDAAACT2015MTCL INTERMEDIATES PVT LTDAAJCT0669GWholly owned subsidiaryInvestmentNil022375.0723875.07
20THIRUMALAI CHEMICALS LTDAAACT2015MOPTIMISTIC ORGANIC SDN BHDZZZZZ9999ZWholly owned subsidiaryPurchase of goods or services1700Nil178.44519.5726.07
21THIRUMALAI CHEMICALS LTDAAACT2015MOPTIMISTIC ORGANIC SDN BHDZZZZZ9999ZWholly owned subsidiarySale of goods or services781.27Nil137.96148.24131.3
22THIRUMALAI CHEMICALS LTDAAACT2015MTCL GLOBAL BVZZZZZ9999ZWholly owned subsidiaryPurchase of goods or services93.81Nil77.168.610.46
23THIRUMALAI CHEMICALS LTDAAACT2015MTCL GLOBAL BVZZZZZ9999ZWholly owned subsidiarySale of goods or services4054.41Nil2222.23656.73723.45
24THIRUMALAI CHEMICALS LTDAAACT2015MTCL SPECIALTIES LLCZZZZZ9999ZWholly owned subsidiarySale of goods or services57000Nil23148.62-24940.31-29574.05
25THIRUMALAI CHEMICALS LTDAAACT2015MMr. Arun RamanathanABMPR1919ADirectorAny other transactionSitting fees0Nil5.5500
26THIRUMALAI CHEMICALS LTDAAACT2015MMr. Rajeev M. PandiaAAEPP3004DDirectorAny other transactionSitting fees0Nil7.6500
27THIRUMALAI CHEMICALS LTDAAACT2015MMrs. Bhama KrishnamurthyAAPPK0269ADirectorAny other transactionSitting fees0Nil5.8500
28THIRUMALAI CHEMICALS LTDAAACT2015MMr. Arun AlagappanAACPA9627PDirectorAny other transactionSitting fees0Nil1.800
29THIRUMALAI CHEMICALS LTDAAACT2015MMr R SampathAALPS9616DDirectorAny other transactionSitting fees0Nil4.800
30THIRUMALAI CHEMICALS LTDAAACT2015MMr. M SomasundaramAAXPS0381FDirectorAny other transactionSitting feesNil4.800
31THIRUMALAI CHEMICALS LTDAAACT2015MMr. R. Ravi ShankarAAAPR3996EDirectorAny other transactionCommission0Nil4.8104.81
32THIRUMALAI CHEMICALS LTDAAACT2015MMr. Raj KatariaAAPPK0522QDirectorAny other transactionCommission0Nil4.8104.81
33THIRUMALAI CHEMICALS LTDAAACT2015MMr. Arun RamanathanABMPR1919ADirectorAny other transactionCommission0Nil12.41012.41
34THIRUMALAI CHEMICALS LTDAAACT2015MMr. Rajeev M. PandiaAAEPP3004DDirectorAny other transactionCommission0Nil16.22016.22
35THIRUMALAI CHEMICALS LTDAAACT2015MMrs. Bhama KrishnamurthyAAPPK0269ADirectorAny other transactionCommission0Nil12.41012.41
36THIRUMALAI CHEMICALS LTDAAACT2015MMr. Dhruv MoondhraAGQPM2062CDirectorAny other transactionCommission0Nil3.8603.86
37THIRUMALAI CHEMICALS LTDAAACT2015MMr. Arun AlagappanAACPA9627PDirectorAny other transactionCommission0Nil6.7106.71
38THIRUMALAI CHEMICALS LTDAAACT2015MMr R SampathAALPS9616DDirectorAny other transactionCommission0Nil14.31014.31
39THIRUMALAI CHEMICALS LTDAAACT2015MTCL INTERMEDIATES PVT LTDAAJCT0669GWholly owned subsidiaryInvestmentNil15000Investment0.00%NAUnsecuredCapex Spending
40THIRUMALAI CHEMICALS LTDAAACT2015MTCL GLOBAL BVZZZZZ9999ZWholly owned subsidiaryInvestmentNil3754200Investment0.00%NAUnsecuredFor onward investment in equity of ultimate beneficiary
41THIRUMALAI CHEMICALS LTDAAACT2015MMr. PMC NairAADPN9746RDirectorAny other transactionCommissionNil7.6607.66
42THIRUMALAI CHEMICALS LTDAAACT2015MMr. M. SomasundaramAAXPS0381FDirectorAny other transactionCommissionNil6.7506.75
Total value of transaction during the reporting period76084.96



Details of Impact of Audit Qualification

Whether results are audited or unauditedAudited
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone resultsYes
Audit firm's nameWhether the firm holds a valid peer review certificate issued by Peer Review Board of ICAICertificate valid upto
1Walker Chandiok & Co LLPYes30-05-2025