Dividend21 May 2026, 07:32 pm
Manali Petrochem: Dividend of ₹0.50 Recommended, TK Arun Re-appointed
AI Summary
Manali Petrochemicals Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026, recommending a dividend of ₹0.50 per share (10%) subject to shareholder approval. Mr. Thanjavur Kanakaraj Arun has been re-appointed as an Independent Director for a second term of five years, also pending member approval. The board also approved seeking member consent via postal ballot for the re-appointment of Mr. Arun and revisions in remuneration for Mr. R Chandrasekar and Mr. G R Sridhar.
Key Highlights
- Board recommends a dividend of ₹0.50 per share (10%) subject to shareholder approval.
- Mr. T K Arun re-appointed as Independent Director for a second five-year term, pending approval.
- Approval sought for remuneration revisions for Mr. R Chandrasekar and Mr. G R Sridhar.
- Audited financial results for the quarter and year ended March 31, 2026, approved.
Price Impact
More from MANALIPETC