Panama Petrochem Limited — Board Meeting, 26-05-2025: Outcome of Board Meeting

Panama Petrochem has announced a board meeting on the financial results for the quarter and half-year. Consolidated revenue was ₹2,792.89 Cr with a profit before tax of ₹240.7 Cr. The board approved a final dividend of ₹3 per share (face value ₹2). Leadership changes include Mr. Amirali Rayani stepping down as Chairman by July end, succeeded by Mr. Arif Rayani from August 1. Mr. Hussein Rayani was re-appointed Joint Managing Director for five years from October 31. The company re-appointed JMR & Associates LLP as statutory auditors and added Milind Nirkhe & Associates as secretarial auditors.