Manali Petrochemicals Limited (MPL) has announced a revision to its dividend record date for the fiscal year 2024-25, moving it from September 8 to September 9, 2025. This change comes in response to a recent circular from the Reserve Bank of India (RBI).

Reason for the Change

The adjustment was necessitated after the RBI declared September 8, 2025, as a Clearing/Settlement Holiday through its circular dated September 4, 2025. This unexpected holiday conflicted with MPL's originally planned record date for determining dividend entitlement.

New Record Date Details

The company will use the list of beneficial owners provided by the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) to determine dividend eligibility.

Official Communication

MPL's Company Secretary, G Sri Vignesh, confirmed the change in a formal communication to both the BSE Limited and the National Stock Exchange of India Limited. The company emphasized that apart from the record date revision, all other aspects of the dividend declaration remain unchanged.

Impact on Shareholders

Shareholders should note this important date change to ensure they are listed as beneficial owners by the close of business on September 9, 2025, to be eligible for the FY 2024-25 dividend.

This revision underscores the importance of staying updated with regulatory changes and their potential impact on corporate actions. Investors and stakeholders are advised to mark the new date in their calendars and make any necessary adjustments to their holdings before the revised record date.

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.