🔧 Manali Petrochemicals Resumes Plant-1 Operations After Propylene Supply Allocation - Plant-1 operations were suspended from March 12, 2026, due to halted propylene supply from CPCL. - A fixed daily propylene allocation was issued by the Department of Pharmaceuticals on April 17, 2026, to meet p…
📢 Manali Petrochemicals Extends PR Partnership Through 2028 - Public relations agreement extended from April 1, 2026 to March 31, 2028 - Fortuna PR continues providing media relations, investor relations, and corporate image building services - Agreement includes termination clause with one month…
⚖️ Manali Petrochemicals Directed to Pay ₹1.11 Crore in Wage Dispute - Industrial Tribunal Award issued on April 2, 2026, dated November 25, 2025 - Dispute involves 12 workmen over wages for fiscal years 2020-21 and 2021-22 - Tribunal directed payment of approximately ₹1.11 crore in wages and comp…
⚖️ Manali Petrochemicals Receives High Court Order on Wage Revision Dispute - Received common order from Madras High Court dated March 25, 2026 - Related to writ petitions W.P. Nos. 5850, 5851 of 2016 and 2731 of 2023 - Petitions challenged industrial tribunal awards on wage revision and service c…
📈 Manali Petrochemicals Wins Key Customs Duty Case: Rs. 3.83 Crore Demand Overturned - CESTAT issued favorable final order on April 1, 2026 (dated March 23, 2026) - Customs duty demand of ₹3.83 crore plus interest from July 2019 overturned - Dispute involved import classification of Quicklime - C…
Manali Petrochemicals Wins Customs Duty Appeal 🏛️ • CESTAT issued final order on March 23, 2026 in favor of Manali Petrochemicals Limited • Appeal allowed against customs duty demand of Rs. 3.83 crore plus interest from July 2019 • Customs duty demand was related to import classification dispute …
🏛️ Manali Petrochemicals Receives Madras High Court Order on Wage Dispute Petitions • Received common order from Madras High Court dated March 25, 2026 • Petitions challenged Industrial Tribunal awards regarding wage revision and service conditions • Cases involved I.D. Nos. 35 of 2006 and 51 of …
📊 Manali Petrochemicals Shares Update: 8,400 Shares Dematerialized • Processed 8,400 shares dematerialized/rematerialized • Covered period from January 1 to January 15, 2026 • Involved 29 folios and 29 certificates
⚠️ Manali Petrochemicals Suspends Plant-1 Operations Due to Propylene Supply Halt - Plant-1 operations suspended from March 12, 2026 due to complete stoppage of propylene supply - Propylene supply halted by sole supplier Chennai Petroleum Corporation Limited (CPCL) - Supply disruption follows Gove…
📈 Manali Petrochemicals Appoints A R Swamydurai as Deputy General Manager (Operations) - A R Swamydurai appointed as Deputy General Manager (Operations) effective March 9, 2026. - Joined Manali Petrochemicals in 1989 as an ESS trainee. - Holds a diploma in Chemical Technology. - Currently leads o…
📈 Manali Petrochemicals Credit Ratings Reaffirmed by CARE - CARE Ratings reaffirmed Manali Petrochemicals Limited's credit ratings on February 26, 2026. - Long Term Bank Facilities of Rs. 75 crore reaffirmed at CARE A+ with Stable outlook. - Long Term / Short Term Bank Facilities of Rs. 25 crore …
Manali Petrochemicals Wins 1995 Legal Case 🏛️✅ - Lawsuit filed by Unimark Remedies Ltd. in 1995 over a commercial arrangement dispute - Unimark sought specific performance or damages of ₹10.82 crore plus interest - Mumbai City Civil Court dismissed the suit in favor of Manali Petrochemicals on Fe…
⚠️ 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 Hi…
📊 Manali Petrochemicals Q3 FY25: Revenue Rises, Profits Jump Significantly • Consolidated total income increased to ₹266.80 crore in Q3 FY25 from ₹260.94 crore in the previous quarter • Standalone total income reported at ₹206.14 crore for Q3 FY25 • Consolidated PBT rose significantly to ₹72.42 c…
👔 Key Management Change at Manali Petrochemicals • Mr. T Thangasagaran, Assistant Vice President - Projects & Technical Services, has retired from Manali Petrochemicals Limited. • The retirement is effective from the close of business hours on January 30, 2026. • As a result, Mr. T Thangasagaran …
📊 Manali Petrochemicals Shares Update: 7,050 Shares Dematerialized in Dec 2025 - Manali Petrochemicals Limited submitted dematerialized share details for the period 16 December 2025 to 31 December 2025. - A total of 26 folios were processed, involving 27 share certificates and 7,050 shares. - Not…
📊 Manali Petrochemicals Shares Update: 8,475 Shares Dematerialized in Mid-Dec 2025 - 8,475 shares dematerialized from December 1 to December 15, 2025. - Process involved 30 folios and 30 share certificates. - Shares handled through both NSDL and CDSL depositories. - Notable shareholders: Noble Fa…
📅 Manali Petrochemicals to Review Q3 & 9M FY26 Results on Feb 2, 2026 • Board meeting scheduled for February 2, 2026 to review unaudited financial results for Q3 and nine months ended December 31, 2025 • Results include both standalone and consolidated financials • Trading window closed since Dec…
🔍 Manali Petrochemicals’ UK Subsidiary Reinstated for Tax Refund Distribution - PPSL (UK) reinstated for a limited purpose: handling Corporation Tax refunds. - Strictly time-bound—no other business activities will resume. - Voluntary strike-off to follow once refunds are processed. - Zero financi…