Manali Petrochemicals Limited has informed the Exchange about General Updates
MANALIPETC · price
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Manali Petrochemicals received an Industrial Tribunal Award dated 25.11.2025 on 02.04.2026. The award relates to a wage dispute filed by 12 workmen concerning employment actions from FY 2019-20 and wages for FY 2020-21 and FY 2021-22. The Tribunal has directed the Company to pay wages and compensation aggregating approximately Rs. 1.11 crore to the workmen. The Company states it is examining the Award in detail and will take appropriate legal recourse as advised by its legal counsel. Management has explicitly stated that the Award does not have any material impact on the financial, operational, or other activities of the Company.
The compensation amount of Rs. 1.11 crore is relatively small and unlikely to materially affect the Company's financials. However, the pending legal recourse and potential additional costs if the award is upheld could have minor negative implications for shareholders.