Thirumalai Chemicals has recommended sub-division of its equity shares and its board has also recommended a dividend of Rs.20 per share of the company.

The company at its meeting held on May 03,2018 has recommended shareholders to consider splitting of 1,50,00,000 equity shares of Rs.10 each in the authorized share capital of the company, into 15,00,00,000 equity shares of Re.1 each.

Further, it had reported a net profit of Rs.29.27 crore for the quarter ended March 31,2018, as against Rs.21.97 crore in the year ago period.

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