Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer, has officially confirmed September 8, 2025 (Monday) as the record date for its dividend declaration for the fiscal year 2024-25. This announcement, made in accordance with Regulation 42(3) of the SEBI Listing Regulations, 2015, follows the company's earlier intimation dated August 11, 2025, regarding the outcome of its board meeting.

Dividend Record Date Details

The record date will be determined based on the list of beneficial owners provided by the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Shareholders who are registered as beneficial owners of MPL shares at the close of business hours on September 8, 2025, will be eligible for the dividend for FY 2024-25.

Recent Financial Performance

While the dividend details are yet to be disclosed, it's worth noting MPL's recent financial performance. In its latest financial results for the quarter ended June 30, 2025, the company reported:

On a standalone basis, MPL achieved a total income of Rs. 163.25 crore and a PBT of Rs. 3.02 crore for the same quarter.

Company's Strategic Approach

MPL's Chairman, Mr. Ashwin Muthiah, highlighted the company's strategic focus on navigating challenging market conditions. He stated, "In spite of continuing external challenges and growing global uncertainty, the company has maintained its topline and margins in line with the previous quarter. From driving internal process and cost efficiencies to ensuring customer focus, our goal has been on navigating these times responsibly."

The company's performance was supported by sustained cost optimization initiatives and a strategic product portfolio mix, which helped preserve margins despite revenue pressures caused by lower-priced imported materials. Additionally, the robust operational performance of MPL's overseas subsidiaries contributed positively to the consolidated financial results.

Investors and shareholders of Manali Petrochemicals Limited should mark September 8, 2025, on their calendars as the crucial record date for the FY 2024-25 dividend. Further details regarding the dividend amount and payment date are expected to be announced by the company in due course.

Manali Petrochemicals Limited (MPL) has reported a mixed set of financial results for the first quarter, with standalone performance showing a decline while consolidated results demonstrated growth.

Standalone Performance

The company's standalone performance for the quarter saw a significant decline:

• Revenue from operations fell 8.2% to ₹16,325.00 lakhs
• Profit before tax dropped 60.3% to ₹412.00 lakhs
• Net profit declined 57.7% to ₹302.00 lakhs
• Earnings per share decreased to ₹0.18 from ₹0.42 in the same quarter last year

Consolidated Results Show Growth

Despite the standalone decline, MPL's consolidated results painted a more positive picture:

• Revenue increased 32% to ₹23,467.00 lakhs
• Net profit rose 10.1% to ₹1,434.00 lakhs

Dividend Announcement

The Board of Directors has recommended a dividend of ₹0.50 per equity share (10%), subject to shareholder approval at the upcoming 39th Annual General Meeting scheduled for September 16.

Corporate Updates

Several key corporate updates were announced:

1. Board Changes: Mr. Niranjhan Madras Srinivasan has resigned as an Independent Director, effective August 11, citing increased professional and personal commitments.

2. New Appointments:

   • Mr. L Thriyambak has been appointed as the Cost Auditor for the Financial Year.
   • M/s B. Chandra & Associates have been appointed as Secretarial Auditors for a five-year term, subject to shareholder approval.

3. Annual General Meeting: The 39th AGM is scheduled for September 16, to be held via video conferencing.

4. Cyclone Impact: The company's manufacturing plants were affected by floods from Cyclone Michaung in December 2023. Insurance claims of ₹2,183.00 lakhs for damages are currently under assessment.

Operational Highlights

• The company has resumed full plant operations after temporary disruptions caused by the cyclone-induced floods.
• MPL continues to await the renewal of its lease for the land on which one of its manufacturing units (Unit-II) operates. The lease expired on June 30, 2017, and the company has submitted renewal requests to the Government of Tamil Nadu.

Financial Position

Manali Petrochemicals reported:

• Paid-up equity share capital: ₹8,603.00 lakhs
• Other equity (excluding revaluation reserves): ₹86,452.00 lakhs

The company remains focused on navigating challenges and capitalizing on growth opportunities in the petrochemical sector.