Manali Petrochemicals Limited — Board Meeting, 13-05-2025: Outcome of Board Meeting

Manali Petrochemicals has announced a board meeting on the financial results for the quarter and half-year. Despite challenges like lease renewal delays for a key plant and flood damage from Cyclone Michaung, the company is working on insurance claims and remains optimistic about recovery. The board proposed a 10% dividend (Rs. 0.50/share) for shareholder approval at the AGM. Consent will also be sought through postal ballot for Non-Executive Directors’ remuneration for FY 2024-25. Management remains confident about resolving operational hurdles soon.