Manali Petrochemicals Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 0.50 per equity share.
MANALIPETC · price
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Manali Petrochemicals Limited held its Board meeting on May 21, 2026, and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The auditors have issued an unmodified (clean) opinion on the financial statements. The Board recommended a final dividend of Rs. 0.50 per equity share (10% on Rs. 5 face value), subject to shareholder approval at the ensuing AGM. Mr. T K Arun has been reappointed as Independent Director for a second term of 5 years from September 29, 2026. The Board also sought member consent via postal ballot for revisions in remuneration for the MD & CEO (Mr. R Chandrasekar) and Whole-time Director (Mr. G R Sridhar).
The clean audit opinion and dividend recommendation signal financial stability. However, the related party transactions (remuneration revisions for key management personnel) requiring shareholder approval indicate potential governance considerations for investors to monitor.