Manali Petrochem: Dividend of ₹0.50 Recommended, TK Arun Reappointed
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. The board also approved the re-appointment of Mr. Thanjavur Kanakaraj Arun as an Independent Director for a second term of five years, subject to member approval. Additionally, the board will seek member approval via postal ballot for the reappointment 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 equity share.
- T K Arun re-appointed as Independent Director for a second term.
- Approval sought for remuneration revisions for key executives.
- Audited financial results for the year ended March 31, 2026, approved.
- Postal ballot approved to seek member consent for key decisions.
Price Impact
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