Manali Petrochemicals Reappoints T K Arun as Independent Director
Manali Petrochemicals Ltd's Board of Directors reappointed Mr. Thanjavur Kanakaraj Arun as an Independent Director for a second term of five years, effective September 29, 2026, subject to member approval. The board also recommended a dividend of ₹0.50 per equity share and approved seeking member consent via postal ballot for the reappointment and remuneration revisions for key executives. The meeting, held on May 21, 2026, also approved the audited financial results for the quarter and year ended March 31, 2026.
Key Highlights
- T K Arun reappointed as Independent Director for a second five-year term.
- Dividend of ₹0.50 per share recommended, subject to shareholder approval.
- Postal ballot approved for director reappointment and executive remuneration revisions.
- Audited financial results for the quarter and year ended March 31, 2026, approved.
- Board meeting held on May 21, 2026, from 2:00 P.M. to 4:40 P.M. (IST).
Price Impact
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