Manali Petrochemicals Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
MANALIPETC · price
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Manali Petrochemicals reported Q1 FY26 standalone revenue from operations of Rs. 16,325 lakhs, down about 8% from Rs. 17,776 lakhs in Q1 FY25, while standalone profit after tax jumped to Rs. 302 lakhs from Rs. 175 lakhs (up roughly 73%). On a consolidated basis, revenue dipped slightly to Rs. 23,467 lakhs from Rs. 24,042 lakhs, but PAT rose to Rs. 1,434 lakhs from Rs. 1,302 lakhs. The Board has recommended a dividend of Rs. 0.50 per share (10%) and set September 16, 2025 as the AGM date. The statutory auditor flagged two emphasis-of-matter items: pending renewal of leasehold land for Unit-II (expired since June 2017) and an unsettled Rs. 2,183 lakhs insurance claim related to Cyclone Michaung flood damage from December 2023. The Board also appointed a new Cost Auditor and Secretarial Auditor, while Independent Director Mr. Niranjhan Madras Srinivasan resigned citing increased commitments.
Profitability improved despite weaker top-line, supported by lower input costs, which is a positive signal for shareholders. The pending lease renewal and unresolved insurance claim remain key watchpoints, though neither materially affected the reported numbers. The 10% dividend and stable governance (new auditors appointed) should provide near-term support to investor sentiment.