Manali Petrochemicals Extends PR Contract With Fortuna Public Relations Until March 2028

1 min read     Updated on 07 Apr 2026, 02:05 AM
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Manali Petrochemicals has officially extended its public relations contract with Fortuna Public Relations Private Limited through a regulatory filing. The new agreement, executed on April 6, 2026, extends the partnership for an additional two years from April 1, 2026 to March 31, 2028. The scope includes comprehensive PR consultancy services covering media and investor relations, corporate image building, and related matters.

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Manali Petrochemicals has announced the extension of its public relations contract with Fortuna Public Relations Private Limited, extending the partnership for an additional two years until March 2028. The company informed the stock exchanges through a regulatory filing under Regulation 30 of SEBI Listing Regulations.

Contract Extension Details

The petrochemical company executed a new agreement on April 6, 2026, further extending the engagement of Fortuna Public Relations Private Limited (FPRPL) for an additional period of two years, commencing from April 1, 2026 to March 31, 2028. This follows the previous extension that was set to expire on March 31, 2026.

Contract Details: Information
PR Partner: Fortuna Public Relations Private Limited
Agreement Date: April 6, 2026
Contract Period: April 1, 2026 to March 31, 2028
Extension Duration: Two years
Service Type: Public Relations Consultancy

Service Scope and Terms

Fortuna Public Relations Private Limited will continue to render comprehensive public relations consultancy services to the company. The scope of services includes promotion of media and investor relations, corporate image building, and other related matters.

Service Parameters: Details
Primary Services: Media and investor relations
Additional Services: Corporate image building
Termination Notice: One month written notice
Breach Termination: 15 days written notice
Related Party Transaction: No

Regulatory Compliance

The company has confirmed that Fortuna Public Relations Private Limited is not related to the promoter, promoter group, or group companies in any manner. The transaction does not fall within related party transactions, ensuring arm's length dealing. The company holds no shareholding in the entity with whom the agreement is executed.

This extension reflects Manali Petrochemicals' confidence in Fortuna Public Relations' capabilities and their established working relationship. The continued partnership will ensure consistency in the company's public relations approach and communication strategies with stakeholders and the broader market.

Historical Stock Returns for Manali Petrochemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+2.89%+13.94%-12.77%-30.69%-13.04%-38.07%

What major corporate announcements or strategic initiatives might Manali Petrochemicals be planning that would require enhanced PR support through 2028?

How could this extended PR partnership impact Manali Petrochemicals' investor communication strategy amid evolving ESG expectations in the petrochemical sector?

Will the strengthened media relations focus help Manali Petrochemicals navigate potential regulatory changes in India's petrochemical industry over the next two years?

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Manali Petrochemicals Receives Industrial Tribunal Award for Wage Dispute Settlement

1 min read     Updated on 03 Apr 2026, 04:46 PM
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Radhika SScanX News Team
AI Summary

Manali Petrochemicals Limited received an Industrial Tribunal award on April 2, 2026, directing payment of approximately Rs. 1.11 crore to 12 workmen for wage disputes from FY 2020-21 and FY 2021-22. The award stems from employment-related actions taken in FY 2019-20 and was passed by the Industrial Tribunal, Chennai. The company is examining the award and considering legal recourse, while stating it will not materially impact financial or operational activities.

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Manali Petrochemicals Limited has disclosed to stock exchanges that it received an Industrial Tribunal award directing payment of approximately Rs. 1.11 crore to resolve a wage dispute with 12 workmen. The company received the award on April 2, 2026, though it was originally dated November 25, 2025.

Industrial Tribunal Award Details

The award was passed by the Industrial Tribunal, Chennai in Industrial Dispute Case No. PW-01-2022, filed by 12 workmen of the company. The dispute centers on wage-related issues pertaining to FY 2020-21 and FY 2021-22, which arose from certain employment-related actions taken by the company in FY 2019-20 with respect to these 12 workmen.

Award Details: Information
Tribunal: Industrial Tribunal, Chennai
Case Number: PW-01-2022
Award Date: November 25, 2025
Received Date: April 2, 2026
Amount Directed: Approximately Rs. 1.11 crore
Beneficiaries: 12 workmen

Company's Response and Legal Position

Manali Petrochemicals stated that it is examining the award in detail and will take appropriate legal recourse as advised by its legal counsel. The company has indicated that it may challenge or appeal the tribunal's decision through proper legal channels.

Financial and Operational Impact

According to the company's disclosure under SEBI Listing Regulations, the award does not have any material impact on the company's financial, operational, or other activities. This suggests that while the Rs. 1.11 crore payment obligation exists, it is not expected to significantly affect the company's overall business operations or financial performance.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided relevant details as prescribed under SEBI Listing Regulations, 2015 read with SEBI circular dated January 30, 2026, ensuring compliance with regulatory requirements for material event disclosures.

Historical Stock Returns for Manali Petrochemicals

1 Day5 Days1 Month6 Months1 Year5 Years
+2.89%+13.94%-12.77%-30.69%-13.04%-38.07%

Will Manali Petrochemicals' appeal against the tribunal award set a precedent for similar wage disputes in the petrochemical industry?

Could this wage dispute resolution trigger additional claims from other employees regarding the company's FY 2019-20 employment actions?

How might this tribunal award affect Manali Petrochemicals' labor relations and future wage negotiation strategies?

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