Bulletin Updates

Thirumalai Chemicals: ICRA stays Negative despite the Q4 profit turn – 10 Jun 2026

Jun 10, 2026

PAN-OX spreads lifted Q4 profit to Rs 6.2 crore, but covenant breaches in FY26 (since waived) and stretched coverage keep the rating at BBB+ (Negative). The US project's ramp-up and refinancing plans are now the make-or-break monitorables.

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