Manali Petrochemicals secures interim stay from Madras High Court

1 min read Updated on 24 Jun 2026, 03:25 AM

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Naman SScanX News Team

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Manali Petrochemicals Limited has secured an interim stay from the Madras High Court against an order dated March 25, 2026, following a Writ Appeal. The stay is subject to specific conditions, and the matter is posted for further hearing. The company received the order on June 23, 2026, and its legal counsel is assessing the implications.

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Manali Petrochemicals Limited has secured an interim stay from the Division Bench of the Hon'ble Madras High Court against an order dated March 25, 2026. The stay, granted on June 15, 2026, is subject to compliance with certain conditions as directed by the Court. This legal development follows the company's filing of a Writ Appeal (WA No. 1538 of 2026) challenging the earlier order passed in W.P. No. 5850 of 2016.

The company informed the exchanges that the order was received on June 23, 2026. The matter has been posted for further hearing as the legal proceedings continue. The company's legal counsel is actively assessing the legal and financial implications of the order and advising on subsequent steps.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant details are covered in accordance with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Legal Proceedings Details

Detail	Description
Writ Appeal Number	WA No. 1538 of 2026
Earlier Order Date	March 25, 2026
Writ Petition Number	W.P. No. 5850 of 2016
Interim Stay Date	June 15, 2026
Status	Subject to conditions; posted for further hearing

The company stated that further updates would be provided as and when material developments occur regarding the case.

Historical Stock Returns for Manali Petrochemicals

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.71%	-4.60%	+0.94%	+4.85%	-6.57%	-19.22%

What are the specific conditions imposed by the Madras High Court for the interim stay to remain in effect?

How will the prolonged legal proceedings impact Manali Petrochemicals' financial performance and operational costs in the upcoming fiscal year?

What is the estimated timeline for the next hearing, and when can a final resolution to the Writ Appeal be expected?

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Manali Petrochemicals shuts Plant 1 for scheduled maintenance

0 min read Updated on 24 Jun 2026, 03:23 AM

Reviewed by

Shriram SScanX News Team

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Manali Petrochemicals temporarily closed Plant 1 for scheduled maintenance effective June 22, 2026, due to routine maintenance and repair work. The company expects operations to resume within 10 days and stated the shutdown will not have a material adverse impact on overall operations. The disclosure was signed by Company Secretary G Sri Vignesh on June 23, 2026.

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Manali Petrochemicals temporarily closed Plant 1 for scheduled maintenance effective June 22, 2026. The shutdown is part of routine maintenance and repair work, with operations expected to resume within 10 days. The company stated the temporary closure is not expected to have a material adverse impact on its overall operations.

The intimation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. G Sri Vignesh, Company Secretary, signed the disclosure on June 23, 2026.