Thirumalai Chemicals Limited announced on 12 June 2025 that it has received a notice dated 11 June 2025 under Section 73 of the CGST Act, 2017, from the Commercial Tax Officer, Ranipet, Tamilnadu.

• The notice pertains to alleged violations such as excess Input Tax Credit (ITC), ITC on non-business transactions, ineligible ITC, and ITC on purchases from cancelled dealers.
• The total financial implication demanded is ₹377.04 lakhs (₹3.77 crore), comprising:
  • Tax: ₹215.51 lakhs
  • Interest: ₹139.97 lakhs
  • Penalty: ₹21.56 lakhs
• The Company, prima facie, believes that the demands are erroneous and not sustainable. It intends to pursue available legal remedies.
• Thirumalai Chemicals firmly believes that any financial implication arising from this demand is likely to be very insignificant and will not have any material impact on the Company's financial position.