Thirumalai Chemicals has received approval to invest an amount not exceeding $20 million in TCL Global BV, The Netherlands, a wholly owned Subsidiary of the Company by way of equity to achieve its objective including to invest in its Subsidiaries if permitted by its objectives subject to necessary approvals as required. The investment will be financed through banks/internal accruals. The Board of Directors of the Company at its meeting held on October 31, 2019 has approved the same.
Thirumalai Chemicals manufactures and markets organic acids, anhydrides and derivatives for a variety of global industries including plastics, resins, paints, and coatings, agro chemicals, food, pharmaceuticals, textiles, personal care, paper, etc.
