IG Petrochemicals Limited has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2025.

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Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹490.00

prior close

₹488.95

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-1.9% vs market

Commodity Chemicals peers, median of 50sector-1.2%-1.7% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.7 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 50Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IG Petrochemicals' board has recommended a 100% dividend of Rs. 10 per equity share (face value Rs. 10) for FY25, subject to shareholder approval at the upcoming AGM. The board also approved a new project to produce Pyrolysis Oil through chemical recycling of plastic waste, with an estimated investment of around Rs. 16 crores. Additionally, M/s. S M M P & Company was re-appointed as Joint Statutory Auditors and M/s. Makarand M. Joshi & Co. was appointed as Secretarial Auditor, both for a 5-year term ending with the 40th AGM in 2030. The new pyrolysis oil project marks the company's entry into sustainable plastic waste recycling within the chemical industry.

Likely market impact

The 100% dividend reflects strong shareholder returns and rewards for FY25. The Rs. 16 crore investment into plastic waste-to-pyrolysis-oil is a modest diversification step into sustainable recycling, which could attract ESG-focused investors but is small relative to overall company size. Overall, the announcement is positive for shareholders with no negative surprises.