Net profit of Thirumalai Chemicals declined 77.77% to Rs 11.44 crore in the quarter ended December 2018 as against Rs 51.46 crore during the previous quarter ended December 2017. Sales declined 6.11% to Rs 323.55 crore in the quarter ended December 2018 as against Rs 344.62 crore during the previous quarter ended December 2017.

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Arrow Textiles Ltd, I G Petrochemicals Ltd, Tejas Networks Ltd and Oriental Hotels Ltd are among the other losers in the BSE's 'B' group today, 24 January 2019.

Thirumalai Chemicals Ltd crashed 19.97% to Rs 81.15 at 14:34 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 10.04 lakh shares were traded on the counter so far as against the average daily volumes of 39219 shares in the past one month.

Arrow Textiles Ltd tumbled 16.26% to Rs 17.25. The stock was the second biggest loser in 'B' group.On the BSE, 24002 shares were traded on the counter so far as against the average daily volumes of 2355 shares in the past one month.

I G Petrochemicals Ltd lost 13.84% to Rs 332.95. The stock was the third biggest loser in 'B' group.On the BSE, 20627 shares were traded on the counter so far as against the average daily volumes of 1934 shares in the past one month.

Tejas Networks Ltd slipped 11.53% to Rs 188.8. The stock was the fourth biggest loser in 'B' group.On the BSE, 3.49 lakh shares were traded on the counter so far as against the average daily volumes of 4496 shares in the past one month.

Oriental Hotels Ltd dropped 9.66% to Rs 42.55. The stock was the fifth biggest loser in 'B' group.On the BSE, 19957 shares were traded on the counter so far as against the average daily volumes of 7514 shares in the past one month.

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Thirumalai Chemicals will hold a meeting of the Board of Directors of the Company on 23 January 2019.

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The Board of Thirumalai Chemicals at its meeting held on 7 January 2019 has approved the formation of a Wholly Owned Subsidiary in the Netherlands for Marketing & Distribution of TCL's products in Europe the UK and other countries. The Subsidiary in Europe will also handle REACH Compliances. The initial investment will be upto Euro 200,000.

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