Reappointment of Independent Director
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manali Petrochemicals' Board meeting on 21st May 2026 approved multiple items including audited financial results for Q4 and FY ended March 2026, and recommended a dividend of Rs. 0.50 per share (10%). The key item is the reappointment of Mr. T K Arun as Independent Director for a second consecutive term of 5 years starting 29th September 2026, subject to shareholder approval via postal ballot. Mr. Arun, who has over 40 years of experience in investment promotion and infrastructure development, currently serves as Independent Director since September 2021. The board also sought shareholder consent for remuneration revisions for MD & CEO Mr. R Chandrasekar and Whole-time Director Mr. G R Sridhar.
The reappointment of an experienced independent director like Mr. T K Arun is a positive governance signal, maintaining board stability and continuity of oversight at the company.