Manali Petrochemicals Limited has submitted its regulatory filing detailing the dematerialization of share certificates for the period from February 1, 2026 to February 15, 2026. The statement was filed in compliance with Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018.

Dematerialization Summary

The company reported significant dematerialization activity during the specified period, with shares being converted from physical to electronic form across both major depositories.

Depository-wise Distribution

The dematerialization process was handled through both National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). The transactions varied in size, with individual certificate dematerializations ranging from 150 shares to 675 shares.

Notable Transactions

Several significant dematerialization transactions were processed during the period:

• The largest single transaction involved 675 shares for Harish Ramappa Kanchan through CDSL on February 6, 2026
• Multiple transactions of 450 shares were processed for Sanjeev Barma through CDSL on February 2, 2026
• Various transactions of 300 shares each were processed for different shareholders including Jalgaonkar Asmita Atulchandra and Pazhavarickal John Mathew
• The majority of transactions involved 150-share certificates across both depositories

Regulatory Compliance

The statement was submitted to both the National Stock Exchange of India Limited and BSE Limited as part of the company's ongoing regulatory compliance obligations. Company Secretary G Sri Vignesh signed and submitted the documentation on March 25, 2026.

The filing demonstrates the company's adherence to SEBI regulations regarding the reporting of share dematerialization activities, ensuring transparency in the conversion of physical share certificates to electronic form for improved trading efficiency and investor convenience.

Manali Petrochemicals has announced the temporary suspension of operations at its Plant-1 facility in Manali, Chennai, following a complete halt in propylene supply from Chennai Petroleum Corporation Limited (CPCL). The operational shutdown took effect from March 12, 2026, as communicated to stock exchanges under SEBI Regulation 30.

Government Directive Triggers Supply Chain Disruption

The cessation of propylene supply stems from a revised order issued by the Ministry of Petroleum and Natural Gas (MoPNG) dated March 09, 2026. The directive mandates that all crude oil processed at CPCL's refinery be directed exclusively towards the production of Liquefied Petroleum Gas (LPG) to ensure national energy security and domestic fuel availability.

The MoPNG order was issued in response to significant disruptions to international crude oil and petrochemical supply chains arising from ongoing geopolitical conflicts in the Middle East, prompting government intervention to secure energy supplies.

Impact on Manufacturing Operations

Manali Petrochemicals manufactures Propylene Oxide and related petrochemical products, with propylene serving as the primary and indispensable feedstock sourced exclusively from CPCL. The company received formal communication from CPCL on March 10, 2026, intimating the complete cessation of propylene supply with immediate effect.

Pursuant to the government directive, CPCL has been instructed to discontinue processing crude oil for downstream petrochemical derivatives, including propylene, for the duration of the order.

Company Response and Future Outlook

The company has classified the temporary shutdown as a force majeure event arising from a sovereign regulatory directive, which is entirely beyond its control. Management is evaluating the implications and taking necessary steps to manage stakeholder obligations during this period.

Regarding Plant-2 operations, the company continues production utilizing available feedstock inventory. Any material developments warranting separate disclosure will be communicated to stock exchanges in accordance with applicable regulations. The company stated that the likely impact of this ongoing force majeure event cannot be estimated at present and will monitor developments closely.

Source: None/Company/INE201A01024/f520a469-2de7-476d-b71c-527abfc05021.pdf