Manali Petrochemicals Limited has informed the Exchange that Record date for the purpose of Dividend is 08-Sep-2025.
MANALIPETC · price
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Manali Petrochemicals' Board met on August 11, 2025 and approved several items. The unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2025 were taken on record along with the auditors' limited review report. The Board reaffirmed a dividend of Rs. 0.50 per equity share (10% on face value of Rs. 5), subject to shareholder approval at the 39th Annual General Meeting scheduled for September 16, 2025. The record date for the dividend is September 8, 2025 for electronic holdings. The Board also appointed Mr. L Thriyambak as Cost Auditor for FY 2025-26 and M/s B. Chandra & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30). Independent Director Mr. Niranjhan Madras Srinivasan resigned citing increased professional and personal commitments, confirming no other material reasons.
The 10% dividend is a modest but positive return for shareholders, with eligibility set by the September 8 record date. The director resignation is largely procedural with no stated governance concerns, though investors may watch for timely board reconstitution.