Manali Petrochemicals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2025
MANALIPETC · price
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Awaiting price reaction for this filing.
Manali Petrochemicals has announced its 39th AGM to be held on September 16, 2025 at 2:00 PM via video conferencing. Key agenda items include adoption of FY25 financial statements, declaration of a 10% dividend (50 paise per share, absorbing ₹8.60 crore), and re-appointment of Ms. Devaki Muthiah Chardon as a director. Shareholders will also be asked to approve related party transactions with Tamilnadu Petroproducts Limited up to ₹300 crore for the period October 2025 to September 2026, appoint M/s. B. Chandra & Associates as Secretarial Auditors for five years (FY26–FY30), and ratify remuneration of ₹42 lakh for Non-Executive Directors for FY25. The Annual Report highlights FY25 consolidated net revenue of ₹897.12 crore (down from ₹1,032.35 crore in FY24), while PAT improved to ₹29.31 crore from ₹19.21 crore and EBITDA rose to ₹82.80 crore from ₹73.81 crore. EPS stood at ₹1.70 versus ₹1.12, though the dividend was reduced from 15% to 10%.
The 33% cut in dividend payout (from 15% to 10%) may draw a mixed reaction despite the improvement in PAT and EBITDA, as revenue continues to decline from its FY22 peak. Approval of the ₹300 crore related-party limit with TPL is routine but signals continued dependence on the group entity for raw materials. Overall, the filing is procedural and unlikely to cause a sharp stock move on its own.