Award3 April 2026 at 10:41 am
Manali Petrochemicals Ltd. Directed to Pay Rs. 1.11 Crore Wages and Compensation to 12 Workmen
AI Summary
Manali Petrochemicals Ltd. has received an Award from the Industrial Tribunal, Chennai, in Industrial Dispute Case No. PW-01-2022. The dispute, pertaining to the period FY 2020-21 and FY 2021-22, arose from certain employment-related actions taken by the Company in FY 2019-20 with respect to 12 workmen. The Tribunal has directed the Company to pay wages and compensation aggregating approximately Rs. 1.11 crore to the said workmen. The Company is examining the Award and shall take appropriate legal recourse. The Award does not have any material impact on the Company's financial, operation, or other activities.
Key Highlights
- Manali Petrochemicals Ltd. received an Award from the Industrial Tribunal, Chennai in Industrial Dispute Case No. PW-01-2022.
- The dispute pertains to the period FY 2020-21 and FY 2021-22 and arose from certain employment-related actions taken by the Company in FY 2019-20.
- The Tribunal has directed the Company to pay wages and compensation aggregating approximately Rs. 1.11 crore to 12 workmen.
- The Company is examining the Award and shall take appropriate legal recourse.
- The Award does not have any material impact on the Company's financial, operation, or other activities.