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Thirumalai Chemicals Limited Reports Q1 2024 Financial Results

Mumbai, July 24, 2024 — Thirumalai Chemicals Limited has announced its unaudited financial results for the quarter ended June 30, 2024. The results were approved during a Board of Directors meeting held on July 24, 2024, from 10:30 AM to 12:30 PM. The company has also provided a copy of the limited review reports by the auditors on the accounts for the same period.

Key Highlights

Financial Performance:

• Revenue from Operations: Thirumalai Chemicals Limited reported a total income for Q1 2024, with detailed figures provided in the attached financial results.
• Net Profit/Loss: The company's financial performance includes both standalone and consolidated results, reviewed by Walker Chandiok & Co LLP.

Board Meeting Outcomes:

1. Approval of Financial Results:
   • The Board approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2024.
   • The financial results and the limited review report by Walker Chandiok & Co LLP will be available on the company's official website and the websites of BSE and NSE.

Auditor's Review Reports:

Walker Chandiok & Co LLP conducted a review of the financial results. The review was performed in accordance with the Standard on Review Engagements (SRE) 2410, ensuring that the financial information was prepared in compliance with Indian Accounting Standards (Ind AS 34).

Standalone Financial Results:

• Revenue: Detailed revenue figures for the quarter.
• Net Profit/Loss: A comprehensive summary of the net profit or loss.
• Other Income and Expenses: Breakdown of other income and major expenses for the quarter.

Consolidated Financial Results:

• Group Performance: The consolidated results include the performance of Thirumalai Chemicals Limited and its subsidiaries.
• Revenue and Profit/Loss: Combined revenue and net profit/loss figures for the group.

Subsidiaries Included in the Consolidated Results:

• Optimistic Organic Sdn. Bhd, Malaysia
• Cheminvest Pte Ltd., Singapore
• Lapiz Europe Limited, Europe
• TCL Global B.V., The Netherlands
• TCL Inc., United States
• TCL Specialties LLC, United States
• TCL Intermediates Private Limited, India

Management's Commentary:

CS Sejal Shah, Secretarial Officer, commented, "The financial results for Q1 2024 reflect our ongoing efforts to optimize operations and maintain strong financial health. We continue to focus on delivering value to our shareholders through strategic initiatives and efficient management."

Compliance and Governance

Regulatory Adherence:

Thirumalai Chemicals Limited continues to uphold high standards of corporate governance by ensuring timely and transparent communication with stakeholders. The approval of the financial results and the auditor's review reports are part of the company's commitment to regulatory compliance.

Conclusion

The financial results for Q1 2024 highlight Thirumalai Chemicals Limited's solid performance and strategic focus. Stakeholders and investors are encouraged to review the detailed financial report available on the company's official website.