Manali Petrochemicals has announced the resumption of operations at its Plant-1 facility in Chennai following a temporary shutdown that began on March 12, 2026, due to force majeure conditions. The restart comes after the Government of India allocated propylene supply through a revised office memorandum dated April 17, 2026.

Government Intervention Enables Restart

The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, issued Revised Office Memorandum No. 31026/5/2026-Policy on April 17, 2026, allocating a fixed daily quantity of propylene to the company. This allocation addresses the complete cessation of propylene supply by Chennai Petroleum Corporation Limited (CPCL) that had forced the plant shutdown.

Phased Operational Recovery

The company has commenced the restart process from April 20, 2026, with operations expected to resume in a phased manner upon receipt of propylene supplies from CPCL. The allocation specifically targets meeting pharmaceutical industry requirements, highlighting the strategic importance of maintaining petrochemical production capacity.

The force majeure condition that necessitated the temporary suspension has been resolved to the extent of the government's propylene allocation. The company is taking all necessary steps to recommence normal production at the earliest possible time.

Plant Status Update

Regulatory Compliance

The announcement was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has committed to keeping stock exchanges informed of any further material developments regarding the operational restart and production normalization process.

With propylene supply now secured through government intervention, Plant-1 is positioned to restore its contribution to the company's overall manufacturing capacity and operational performance in the petrochemicals sector.

Manali petrochemicals Limited has announced the re-launch of its second 100-day 'Saksham Niveshak' campaign, demonstrating the company's commitment to shareholder service and regulatory compliance. The initiative, published in Financial Express and Makkal Kural newspapers on April 10, 2026, represents a significant effort to assist shareholders with unclaimed dividends and KYC compliance requirements.

Campaign Timeline and Framework

The Saksham Niveshak campaign will run from April 01, 2026 to July 09, 2026, providing shareholders with a dedicated 100-day window to address their dividend and compliance matters. This initiative aligns with the Investor Education and Protection Fund Authority (IEPFA) guidelines and focuses specifically on shareholders whose dividends remain unclaimed.

Key Campaign Objectives

The campaign encompasses four primary objectives designed to protect shareholder interests and ensure regulatory compliance:

• Direct Settlement of Dividends: Facilitate direct payment of unclaimed or unpaid dividends by the company to rightful shareholders
• KYC Compliance: Assist in updating essential KYC details including Bank Account Mandate, PAN, Nomination, Email ID, Mobile Number and Address, in accordance with SEBI requirements
• Prevention of IEPF Transfers: Enable shareholders to make timely claims to avoid transfer of shares and dividends to the IEPF
• Claim Assistance: Support shareholders whose shares and dividends have already been transferred to the IEPF in filing their claims with the Authority

Shareholder Support Services

Shareholders with unclaimed dividends or incomplete KYC records can access support through the company's designated Registrar Transfer Agent during the campaign period.

Regulatory Compliance Framework

The campaign operates under the provisions of the Companies Act, 2013 and related rules. According to applicable regulations, dividends remaining unclaimed for seven consecutive years along with corresponding shares are liable to be transferred to the IEPF. This campaign provides shareholders with an opportunity to prevent such transfers through timely action.

The company has committed to assisting shareholders in completing necessary formalities during this period. Shareholders are encouraged to register and track their requests through the RTA portal for efficient processing of their claims and KYC updates.