Manali Petrochemicals Limited adopted its audited financial statements for FY26 during its 40th Annual General Meeting held on September 28, 2026. The company declared a final dividend of 10%, amounting to ₹8.60 crore, and re-elected Ashwin C Muthiah as a director liable to retire by rotation.

The meeting, conducted via video conferencing, also approved the remuneration for non-executive directors and ratified the cost auditor's fees for FY27. Shareholders granted prior approval under Regulation 23 of the SEBI Listing Regulations for related party transactions with Tamilnadu Petroproducts Limited, capped at ₹150 crore excluding taxes.

Financial performance and operational updates

For FY26, the company reported standalone total income of ₹822 crore, up from ₹669 crore in FY25. Management attributed this growth to disciplined cost optimisation, strategic raw material sourcing, and improved operating efficiencies despite volatile input costs and competitive import pricing.

A key operational milestone was the commissioning of the expanded Propylene Glycol facility at Plant II in Manali. This expansion added 50,000 tonnes per annum to the existing capacity of 22,000 tonnes per annum, raising total installed capacity to 72,000 tonnes per annum. The move aligns with the national "Atmanirbhar Bharat" initiative to reduce import dependence in chemical value chains.

Strategic expansion and portfolio rationalisation

The company divested its interest in Notedome Limited (UK) to sharpen focus on core Indian operations. Meanwhile, subsidiary PennWhite Limited continued to contribute steadily to consolidated revenue, and its wholly owned subsidiary PennWhite India inaugurated a manufacturing facility at Oragadam in April 2026.

Plans to establish an additional manufacturing facility in western India for system polyols remain in progress to enhance customer proximity. The company also highlighted its ESG commitments, noting that renewable energy accounted for 58% of total power consumption during the year.

What the numbers show

The jump in total income from ₹669 crore to ₹822 crore represents a significant top-line expansion of approximately 23%. This growth occurred alongside the operational ramp-up of the Propylene Glycol capacity, suggesting that volume expansion is beginning to translate into revenue gains. However, the declaration of a modest 10% dividend (₹8.60 crore) against this revenue base indicates a conservative payout ratio, likely reflecting the capital intensity of recent expansions and the need to retain cash for future growth initiatives such as the proposed Gujarat facility.

Manali Petrochemicals Limited has issued a web link for shareholders to access the company’s Annual Report for FY26. The disclosure targets investors who have not registered their email addresses with the company or its Registrar and Transfer Agent (RTA).

The move complies with Regulation 36(1)(b) of the SEBI Listing Regulations, 2015. Shareholders holding physical folios or those without updated electronic details can now view the report online.

Meeting Details

The company’s 40th Annual General Meeting (AGM) is scheduled for September 28, 2026, at 5:00 pm. The meeting will be conducted via Video Conferencing or Other Audio Visual Means (OAVM).

Shareholders whose email addresses are registered in the company’s records as on August 28, 2026, will receive the AGM notice and Annual Report electronically.

Accessing the Report

Investors without registered emails can access the Annual Report through the provided web link. The company urges shareholders to update their KYC details and register their email addresses to receive future communications electronically.

Forms for updating details are available on the company website and the RTA, Cameo Corporate Services Limited, portal.