Annual Secretarial Compliance Report for FY 2025-26.

MANALIPETC · price

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AI summary

Manali Petrochemicals Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Practising Company Secretaries B. Chandra & Associates under SEBI Regulation 24A. The report examined compliance across SEBI LODR, SAST, PIT, and Registrar to Issue regulations. The company reported full compliance across all 13 check-points covering secretarial standards, board policies, website disclosures, director disqualification, document preservation, performance evaluation, related party transactions, insider trading norms, and disclosure requirements. No actions were taken by SEBI or stock exchanges during the year. Two UK-based step-down subsidiaries (Penn Globe Limited and Penn Print Solutions) were briefly reinstated in September and December 2025 respectively for processing pending tax refunds before permanent dissolution.

Likely market impact

Clean compliance report with no adverse observations — a positive signal for governance-conscious investors. The reinstatement and dissolution of UK subsidiaries is a minor procedural matter with no material financial or operational impact.