Kothari Petrochemicals Limited has announced an interim dividend for the financial year 2026-27, with the record date set as Monday, May 11, 2026. The declaration was made following a board meeting held on May 05, 2026, which commenced at 11:40 hrs and concluded at 13:35 hrs. The intimation was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interim Dividend Details

The company has formally notified the National Stock Exchange of India Ltd. regarding the record date fixed for the purpose of the interim dividend. The key details of the announcement are outlined in the table below:

Regulatory Compliance

The intimation was submitted to the Listing Department of the National Stock Exchange of India Ltd. in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by K. Priya, Company Secretary & Compliance Officer of Kothari Petrochemicals Limited, and was digitally authenticated on May 05, 2026.

Kothari Petrochemicals has declared force majeure due to gas supply disruptions affecting the Middle East region. The company made this announcement in response to supply chain challenges that are impacting its operational capabilities.

Force Majeure Declaration

The petrochemicals company has invoked force majeure provisions, a legal concept that allows parties to suspend contractual obligations when extraordinary circumstances beyond their reasonable control prevent performance. This declaration specifically relates to gas supply issues originating from the Middle East region.

Operational Impact Assessment

While Kothari Petrochemicals has confirmed the force majeure declaration, the company has indicated that the full impact on its operations remains uncertain. The extent to which these supply disruptions will affect production schedules, delivery commitments, and overall business performance is still being evaluated.

Supply Chain Challenges

The gas supply issues in the Middle East represent broader regional challenges that are affecting multiple industries dependent on energy resources from the region. For petrochemical companies like Kothari Petrochemicals, reliable gas supply is crucial for maintaining consistent production operations.

Market Implications

The declaration of force majeure by Kothari Petrochemicals highlights the vulnerability of companies with supply chain dependencies on geopolitically sensitive regions. Such declarations typically provide legal protection for companies unable to fulfill contractual obligations due to circumstances beyond their control.