Scrutinizers Report - 40th AGM held on 28.09.2026
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.3 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manali Petrochemicals Limited held its 40th Annual General Meeting on 28th September 2026 via video conferencing. All six resolutions in the AGM notice were passed with overwhelming majority, including adoption of FY26 financial statements, declaration of a dividend of ₹0.50 per equity share, re-appointment of Mr. Ashwin C Muthiah as Director (retiring by rotation), and ratification of Cost Auditor remuneration. Shareholders also approved a related party transaction with Tamilnadu Petroproducts Limited for purchase and sale of goods and services up to Rs. 150 crore, with related parties abstaining from voting on this resolution. Additionally, a special resolution was passed to approve remuneration to Non-Executive Directors for FY25-26. Every ordinary resolution saw over 99.87% votes in favour, and the special resolution comfortably cleared the 75% threshold.
Routine AGM outcome with no surprises — all resolutions passed easily, confirming stable management continuity and shareholder support. The modest ₹0.50 dividend signals a steady, income-return profile rather than aggressive payouts. The cleared Rs. 150 crore related-party transaction with group company Tamilnadu Petroproducts keeps inter-group dealings transparent and approved.