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.
The Board approved Manali Petrochemicals' unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, along with the auditors' limited review reports. The 39th Annual General Meeting has been scheduled for Tuesday, September 16, 2025 at 2:00 PM via video conferencing. A dividend of Rs. 0.50 per equity share of Rs. 5 face value (10%) has been recommended, subject to shareholder approval, with the record date set as September 8, 2025 and book closure from September 9 to September 16, 2025. The Board appointed Mr. L Thriyambak as Cost Auditor for FY 2025-26 and M/s B. Chandra & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30. Independent Director Mr. Niranjhan Madras Srinivasan resigned citing increased professional and personal commitments, and a postal ballot proposal on paying remuneration to Non-Executive Directors for FY 2024-25 has been cancelled and will instead be tabled at the AGM.
This is largely a routine administrative update. The 10% dividend is modest and the director exit appears non-controversial, so investors are unlikely to see a strong market reaction. Shareholders should watch the actual Q1 FY26 numbers (filed separately) and the AGM on September 16 for the dividend confirmation and the NED remuneration vote.