India's Thirumalai Chemicals falls on tax notice
05/10/2026 10:46
BUZZ-India's Thirumalai Chemicals falls on tax notice ** Shares of Thirumalai Chemicals THRM.NS fall 2% to 143.30 rupees
** Commodity chemicals maker says it received a show-cause notice from the commercial tax department over dues amounting to 173.1 million rupees ($1.80 million)
** Adds notice relates to alleged output turnover discrepancies, input tax discrepancies and ITC reversal discrepancies
** Stock down 39.3% YTD
($1 = 96.2700 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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