Manali Petrochemicals has resumed operations at its Plant 1 effective July 5, 2026, following the completion of maintenance activities. The company confirmed that the temporary shutdown did not have any material adverse impact on its overall operations.

Operational Update

The restart at Plant 1 concludes the maintenance-related closure initiated earlier. The facility, located at Ponneri High Road in Manali, Chennai, is now fully operational. Management emphasized that the temporary halt in production did not significantly affect the company's broader operational performance or financial stability.

Key Takeaways

• Plant 1 operations recommenced on July 5, 2026.
• The shutdown was undertaken for necessary maintenance work.
• The company reported no material adverse impact from the closure.

Manali Petrochemicals amended its postal ballot notice to seek shareholder approval for material related party transactions with Wilson International Trading Private Limited, Singapore. The company's Board passed the resolution by circulation on June 25, 2026, adding this item to the agenda under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This amendment follows an earlier intimation dated May 21, 2026.

The revised postal ballot now includes one ordinary resolution specifically for the approval of material related party transactions and material modifications with the Singapore-based entity. Additionally, the notice contains three special resolutions concerning governance and management compensation.

Shareholders will vote on the reappointment of Mr. T K Arun (DIN: 02163427) as an Independent Director for a second term. The ballot also seeks approval for revising the remuneration of Mr. R Chandrasekar (DIN: 06374821), Managing Director & CEO of MPL Group, and Mr. G R Sridhar (DIN: 10596912), Whole-time Director (Head of Plant Operations). Both remuneration revisions are effective from April 1, 2026.

Resolutions for Shareholder Approval

The company has structured the postal ballot to address specific regulatory and administrative requirements. The inclusion of the related party transaction indicates a significant business arrangement requiring shareholder consent under listing regulations.

The company will dispatch the revised postal ballot notice to shareholders in due course. The filing was submitted to BSE Limited and National Stock Exchange of India Limited on June 26, 2026.