Thirumalai Chemicals Approves ₹750 Crore Fund Raise For Debt Repayment

Q1 FY27 Consolidated Results YoY: Revenue at 547 Cr vs 450 Cr, up 21.5%. EBITDA turned positive at 0.4 Cr vs loss of 0.2 Cr. EBITDA Margin at 0.7% vs -0.5%, expansion of 120bps. PAT loss narrowed to 43.7 Cr vs loss of 60.0 Cr. Liquidity remains stressed: current liabilities exceeded current assets by 742 Cr, with management relying on proposed financing. Board approved raising up to 750 Cr through debt and/or equity instruments, primarily for operations and refinancing existing debt; TCL Specialties LLC is also pursuing USD 130-180 million of project financing. The Board approved sale of four windmills for 10.4 Cr, an immaterial non-core asset disposal.