Thirumalai

Chemicals Ltd

Registered Office: THIRUMALAI HOUSE”, Plot No. 101-102, Road No. 29,

Sion (East),Mumbai— 400 022, India

PHONE: +91 — 22— 43686200 FAX +91 — 22 — 24011699

E-MAIL: thirumalai@thirumalaichemicals.com

Web site: www.thirumalaichemicals.com

(AN ISO 9001, 14001, 50001/ HACCP & FSSC 22000 CERTIFIED COMPANY)

CIN: L24100MH1972PLC016149

January 28, 2020

Department of Corporate Services

Bombay Stock Exchange Ltd. P.J. Towers, 25th Floor,

MUMBAI - 400 001 Fax No: 2272312 1/2037/37 19/2941

Dear Sir,

National Stock Exchange of India Ltd.

Exchange Plaza, Bandra Kurla Complex Bandra (East)

MUMBAI — 400 051 Fax No: 26598237/8238

Re.: Reg. 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Un-audited Financial Results for the quarter ended December 31, 2019.

Ref.: Scrip code: 500412 / TTRUMALCHM

We are forwarding herewith a copy of Un-audited Financial Results for the quarter ended

December 31, 2019 as approved by the Board at its meeting held today from 14.00 Hrs. along with

a copy of the Reports by the Auditors on the accounts (Standalone & Consolidated) for the quarter

ended December 31, 2019. The Board meeting ends at 16.10 Hrs.

Kindly acknowledge.

Thanking you,

Yours faithfully,

For THIRUMALAIT CHEMICALS LIMITED

¥ /

/ é ‘ —

T. Rajagopalan.

Company Secretary

Ay a

220

OOF IVEWNW

‘(LSVa ) NOIS‘6?

ON GVOU'SLVLSA VONNLVW

NOIS'Z0L/L0L'ON LOTd ‘ASNOH IVIVINNMIHL

: 391440 Go3u

6PLOLODTdZZ6LHIAOOL P21

NID

GALI

STVOIAAHS

IW IVANYIHL

| { \_-A go'LL

69'6 (9¢°0)

oz'h z'b

(29'0) 00'6

802 (oz"0)

Zit Zeb

(ss'0) (pasyenuue

Jon) (yoke

-/} 2 Jo

anjea soe)

(2 Ul)

parniid g9'L}

69°6 (9¢'0)

oz'} z9'L

(49'0) 00'6

80'L (0z'0)

Zeb Zeb

(ss"0) (pasijenuue

JON) (yoes

-/|, 2 Jo

enjeA 9082)

(2 Ul) Iseg

(awosul aalisuayatdwos

je}0) aeys

Ayinbs sad

sbulusey

BOLL 966

£07 eve

460 (10)

8e'6 eeL

69% 00'L

So'L evo

(pasyjenuue JON)

(yoea -/1

2 Jo anjen

9924) (2

Ul) parniid

60'LL 96'6

£02 Zh

26°0 (LO)

ae'6 ee.

69% 00°F

so'l eo

(pesyenuue Jon)

(yoes -/|

2 40 enjea

ede.) (2

ul) dIseg {poled

au) 104

31014} areys

AyInba sad

sGuiuey

age bb

8166 (soe)

S22" vso'L

(989) 1126

Pee L (902)

Zieh poe’)

Gog} povad

ay} 40 awOdU!

sAlsuayasdiuos }e}0 1

109 vee

Ger'z) 18

099 [(ess)

[@ee) Oza)

(gs6°2) 062

vez (69)

xe] 50 Jau ‘Wea

ayy JOy (SSO/}/owIO SU!

BAISUBYadWIO>D 48410

(or) (ez)

2

(2) aL

wl (o1)

(ez) zz

(

gL Z

SSO] PUB

}OId 0}

Pa_ISSE[ISJ aq

JOU }/IM

YBU} SLA}!

0} Huljejou

xe} awicauy

- (LLP)

(S98) {216'2)

SLL soz

(299) (LL)

(soe) (216'2)

Ste S9z

(za9) JaU

‘auoou! aalsuayasdos

Jeyjo YBnosuy

sjwewnjsu! AynbS-

62 £9

(eg) ee

(69) (Le)

6z 29

(e9) 2

(6p) (12)

sueid yeueq

paujep Jo

SjueainseaW-oy -

SSO] 10

WjOId 0}

Payl(Ssejjes

Sq JOU

[jim yeuy

Sway

ta)

£66 Soul

6S (602)

oer Zeb

: 3

o S

a suo}}esado

UBlei0) Jo

UoNe|suB. Uo

seoueIayIp aBUEYOXa

- SSO]

JO }JOIT

OF Payplsse[da1

oq [IM

Jeuy SUid}|

(¥7)

TOWODU! BAISUBYSsdUWIOD

JaUIO “9.

2se'bt pes'6

p20°% veh

66 [(ezH)

609'6 $90°8

ze

220") 620°)

6z1 ‘powied

aus 10)

Wold “S|

6zg's 2a8'y

bee'h Los

9e9 Seb

669'P 9Ll'v

szs'h 68

61S vey

869 00g

e201 (soz)

Se Oly

osz 86

Zab 68

BLL eer

xe} pauiajeq

- =

(ose) -

(22) (eLe)

= i

(o6¢) -

(22) (ere)

qusWaRUE Wald

LVN Les'y

Leer 802

902 zy

1S 6yP'y

8L0'r 869

o0r (Ze)

oS xe}

JUBUIND asuedxe

xe} ao DU

“py

98°91 bie'ye

son's Sr9'L

oes't 6L

80ers be2'zb

L229 bes't

sesh £0¢

xe] a10}8q

301d "E

6980L'L SPLts

ZLORL eT

2p0'9 spa'be

6e9'98 2ge'29

84009 6g2' ce

990'0z zge'eL

sasuadxa [ejoL

serel 1gz'rb

66¢ €} vey

ves'y 920'F

LeveL 82s'OL

182°6 VeZe

Loz oes'e

sasuiadxe Jeo)

seg'e S0z'2

a6L'e 6zg

OOL'L O9L't

Zis‘L SL0'b

sor’ oge

Les 9s

asuadxe uoyespowe

pue uoneloaded

ebz'b oo

6el'b Sor

ele 9s

b20'L 802

bs0'L 29¢

ove cep

$}809 SOURUty|

eos'y 281'8

6r6'e ZLu'h

lze'L B2z't

e97'e 622'2

e30'% seg

806 ese

asuadxe syeuegq

seXojdwy (229'L)

(oLe'r) sor

(y0') 60r'z

(vee) (ver'b)

(9e1'p) esp

(ee'2) LL6'L

(z9) ape}

UI 490}s pue

ssaiGoud U!

20m ‘spoob

pays|ul jo

seyOYeAu! U| saBURYD 220'L

68 eg9

SOL e0z

ele 220'b

68 es9

SOL £0z

ele Ape}

Uf YOOIS Jo

aseYOUNG Lep'es

z20'e9 69¢'SS

ero're 2P0'9L

see's) v0L'29

6r0'LS lappy

Zg9'02. 996'21

096'eL PawUNSUOD

s[BLAayeW Jo

}S0 sosuadxy

"7

gszuzb 619'S6

2iy'b8 zooze

zis2z ¥99'bz

2rs"00'b £60'S2

Sze'p9 022'sz

sso'lz ss9'e)

BWOSUI {BIOL

ISLE 980")

Sell Lye

LEZ 8g

eel 668

282" 19z

bOL 2s

BWODU) JEYIO

vOL'oz'L ees'¥6

zre'oe sse'ze

ogs'9z 9Lv'bz

S@r'e6 VEL

be geo'e9

696'Fz vg6'0z

e0e's) suoyesado

Woy anuanay

anuanay

‘1

poypny paypneun

paypneun Peypreun,

paypneun paupneun

peypny payipneun

paypneun peypneun

Paypneun paypneun,

60%

YoseW LE

BL-98C- LE

6-990"

LE 8290-1

61-das-0¢ Gh-390-LE

6102 Ye

LE 8)-980-Ee

§b-980- Le

8)-38G-bE 61-das-08

6)-98C-1e Pepus sea,

pepus syjvow sul

papua Javenp

pepus

sea), pepus SyJUOW

suIN

papus Japeny

payepljosuog BUOfEPURIS

(suyye7z uj

*su)

6102 Jequiasag

,E pepus

syjUOW

sulU / JaeNb

ay} 10j

syjnsel 1

1 9

pue jo

Z£0 009

IVNN3HD

0202 Alenuer

gz : ajeq

' leuuay

:29eI[d

(22126000 NIG)

Joye

Buibeueyy Ayyeseseuped’y

payury speaiwey:

* pouied

juasind ayy

u! payveseld

sesnBy 94)

0} W0JU0S

0} AZesseosu

palap|sudd JeAsJeyM

paljisseyoal / padnos6as

ueaq aAey

spolad snojvaid

Bulpuodseoo

auy 10)

seunBy au.

‘y

Efe

‘JeLeyew jou

s| sbulwee peuleyed

ay} Uo

PUepuEyS OU)

GulAidde jo aye sAyeinuno

ay) ‘asojaseyy

‘s|ejUa/ ase]

prede,d jo

sunjeu au}

Ul ae

NOY SE

payisse|o o2e

Yoiym sasea]

au, ‘paysnipe

Ajaanoadsd #8q

JOU eARY

6107 YON

Le Papua

eat pue

g1.0Z JaqLuadeq

Lg Papua

sJep-oyeeX pue

JayeNb snoinaid

ay} JO) SaAneveduloo

‘A|BuIPIOAoY “poUJaW

aAnoadsoxal payipow

ayy BUISN

6 LOZ [Lidy

10 UO

BuNsixe sy eEJUCO asedl

[12 0} p

Jdde pue

‘,sasee7, 911

S¥ pul

paldope dnols

au} ‘gLog

Id

LO aAnosya

‘e

“yweluBes alqeyodad

aj6uls e

Ajuo sey

<jGulpioooe pue

‘sjeoiweyd olueBio

Jo eles

pue ainjoesnueW

ay) ul

pebebus $1]

Auedluosd oyl

‘Z|

Ozoz Alenuer

Wigz Uo

pley shuljaaw

aanoadsal Jay)

je synsad aAoge

a4) paAcudde

eaey sio}OalIg

Jo pleag

94} puke

pamainas sey aay

yIPNy BUL

“L

:S8}0N

Walker Chandiok & Co LLP

Walker Chandiok & Co LLP

7th Floor, Prestige Polygon,

471, Anna Salai, Teynampet,

Chennai - 600 018

India

T +91 44 4294 0000

F +91 44 4294 0044

Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Thirumalai Chemicals Limited

4. We have reviewed the accompanying statement of standalone unaudited financial results (‘the

Statement’) of Thirumalai Chemicals Limited (‘the Company’) for the quarter ended 31 December 2019

and the year to date results for the period 01 April 2019 to 31 December 2019, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from

time to time.

2. The Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and

measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34’), prescribed under Section 133 of the Companies Act, 2013 (‘the Act’), and as per the presentation requirements of SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016, (hereinafter referred to as ‘the SEBI Circular’), and other accounting principles generally accepted in India. Our

responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagement

(SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the

Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information

consists of making inquiries, primarily of persons responsible for financial and accounting matters, and

applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune number AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi,

4100014, india

Walker Chandiok & Co LLP

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe

that the accompanying Statement, prepared in accordance with the recognition and measurement

principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and as per the presentation requirements of the SEBI Circular, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP

Chartered Accountants

Firm Registration No: 001076N/N500013

UDIN: 26 20693) AARAR Bi hb4 Place: Chennai

Date: 28 January 2020

Chartered Accountants

Walker Chandiok & Co LLP

Walker Chandiok & Co LLP

7th Floor, Prestige Polygon,

471, Anna Salai, Teynamret,

Chennai - 600 018

India

T +91 44 4294 0000

F +91 44 4294 0044

Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Thirumalai Chemicals Limited

1. We have reviewed the accompanying statement of unaudited consolidated financial results (‘the

Statement’) of Thirumalai Chemicals Limited (‘the Holding Company’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’), (refer Annexure 1 for the list of

subsidiaries included in the Statement) for the quarter ended 31 December 2019 and the consolidated

year to date results for the period 01 April 2019 to 31 December 2019, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time.

2. This Statement, which is the responsibility of the Holding Company’s management and approved by

the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (‘Ind AS 34’), prescribed under section 133 of the Companies Act, 2013 (‘the Act’), and as per the

presentation requirements of SEBI Circular CIR/CFD/FAC/62/2016 dated 05 July 2016 (hereinafter referred to as ‘the SEBI Circular’), and other accounting principles generally accepted in India. Our

responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, Review of {nterim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act,

and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the SEB! Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

Chartered Accountants Walker Chandiok & Co LLP is registered with limited liability with identification

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Deihi, Noida and Pune number AAC-2085 and its registered office at L-41 Connaught Circus, New Delhi,

410001, India

Walker Chandiok & Co LLP

4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and as per the presentation requirements of the SEBI Circular and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

5. Wedid not review the interim financial financial results of 1 subsidiary included in the Statement, whose financial information reflects total revenues of = 6,163 lakhs and % 18,514 lakhs, total net (loss) after tax of (251) lakhs and & (578) lakhs, total comprehensive (loss) of = (251) lakhs and % (578) lakhs, for the quarter and year-to-date ended on 31 December 2019, respectively. These interim financial financial results have been reviewed by other auditors whose review report have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the review report of such other auditors and the procedures performed by us as stated in paragraph 3 above.

Further, this subsidiary is located outside India, whose interim financial results have been prepared in accordance with accounting principles generally accepted in their respective country and which have been reviewed by other auditors under generally accepted auditing standards used by component auditor applicable in their respective country. The Holding Company’s management has converted the financial results of such subsidiary from accounting principles generally accepted in their respective country to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company’s management. Our conclusion, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based on the review report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.

Our conclusion is not modified in respect of these matters.

6. The Statement includes the interim financial results of 3 subsidiaries, which have not been reviewed by their auditors, whose interim financial results reflects total revenues of = 0 and = 0, net (loss) after tax of % (34) lakhs and % (92) lakhs, total comprehensive (loss) of = (34) lakhs and % (92) lakhs for the quarter and year-to-date ended 31 December 2019 respectively. Our conclusion on the Statement, and our report in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), read with SEBI Circular, in so far as it relates to the aforesaid subsidiaries, are based solely on such unreviewed interim financial results. According to the information and explanations given to us by the management, these interim financial results are not material to the Group.

Our conclusion is not modified in respect of this matter.

For Walker Chandiok & Co LLP

Chajtered Accountants

Firm istration No: 001076N/N500013

Sum s

Partner

Place: Chennai

Date : 28 January 2020

Chartered Accountants

Walker Chandiok & Co LLP

Annexure 1

List of subsidiaries included in the Statement

1) Optimistic Organic Sdn. Bhd.

2) Cheminvest Pte Ltd

3) Lapiz Europe Limited

4) TCL Global B.V.

Chartered Accountants