Legal2 April 2026 at 09:03 am
Manali Petrochemicals Ltd Receives Order on Wage Revision and Service Conditions Writ Petitions
AI Summary
Manali Petrochemicals Ltd has received a common Order dated 25th March 2026 from the Hon'ble Madras High Court regarding Writ Petitions (W.P. Nos. 5850, 5851 of 2016 and 2731 of 2023) challenging the awards passed by the Industrial Tribunal, Chennai in I.D. Nos. 35 of 2006 and 51 of 2004. The financial and legal implications of the order are being assessed in consultation with the Company's legal counsel. The Company will take appropriate steps as advised and keep the Stock Exchanges duly informed of any further material developments.
Key Highlights
- Manali Petrochemicals Ltd received a common Order dated 25th March 2026 from the Hon'ble Madras High Court
- The Order pertains to Writ Petitions challenging the awards passed by the Industrial Tribunal, Chennai in I.D. Nos. 35 of 2006 and 51 of 2004
- The Company is assessing the financial and legal implications of the Order
- Appropriate steps will be taken as advised by the Company's legal counsel
- The Company will keep the Stock Exchanges informed of any further material developments