Manali Petrochemicals Limited has informed the Exchange about General Updates
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manali Petrochemicals has informed exchanges that the Madras High Court has passed a common order dated 25th March 2026 disposing of the company's writ petitions (W.P. Nos. 5850, 5851 of 2016 and 2731 of 2023). These writ petitions had challenged earlier awards given by the Industrial Tribunal, Chennai, in disputes (I.D. Nos. 35 of 2006 and 51 of 2004) related to wage revision and service conditions of workmen. The company has not disclosed the direction of the order, and is currently assessing the financial and legal implications with its legal counsel before deciding next steps.
The outcome is unclear from the filing, but any adverse order could lead to additional wage or compensation liabilities for the company. Investors should wait for further clarity once the company finishes assessing the implications and shares further updates.