Manali Petrochemicals Ltd

⚠️ Manali Petrochemicals Faces ₹5.22 Lakh Income Tax Penalty

• Received penalty order from Income Tax Department on February 9, 2026

• Penalty amount: ₹5,22,035 under Section 270A for Assessment Year 2017-18

• Penalty due to disallowance of certain expenditure

• Company filed appeal with Madras High Court in July 2025 (case pending)

• No material impact on financials, operations, or other activities