Manali Petrochemicals Limited has announced a significant corporate move involving its wholly owned subsidiary, AMCHEM, SG. The company revealed that AMCHEM, SG has entered into a Share Purchase Agreement (SPA) with C.O.I.M. S.p.A., agreeing to sell its entire stake in Notedome Limited, a UK-based entity.

Key Details of the Transaction

Implications and Next Steps

The divestment of Notedome Limited, described as a material step-down subsidiary, represents a notable shift in Manali Petrochemicals' corporate structure. While the financial terms of the deal have not been disclosed, the move may have strategic implications for the company's operations and focus.

Manali Petrochemicals has committed to keeping the stock exchanges informed as the transaction progresses. This transparency is crucial for investors and market watchers to understand the potential impact of this divestment on the company's future performance and strategy.

Continuity in Disclosures

The company has affirmed that there are no changes to its earlier disclosures related to this matter. This statement suggests that the decision to sell the stake in Notedome Limited aligns with previously communicated plans or strategies.

As this transaction unfolds, stakeholders will be keen to understand the rationale behind the divestment and its potential effects on Manali Petrochemicals' business operations and financial outlook.

Manali Petrochemicals Limited (MPL) has announced a significant corporate move, approving the sale of its entire stake in Notedome Limited, a wholly-owned material step-down subsidiary based in the UK. The Board of Directors gave the green light to this strategic decision during a meeting held on October 15, 2025.

Key Transaction Details

Impact on Financials

The divestment of Notedome Limited is expected to have a notable impact on MPL's consolidated financials. For the financial year 2024-25, Notedome Limited contributed:

About the Buyer

C.O.I.M. S.p.A., the acquiring company, is a globally recognized leader in chemical specialties with operations in over 90 countries. The company is not part of MPL's promoter group, making this an arm's length transaction.

Regulatory Compliance

The proposed sale adheres to Regulation 24(5) of the SEBI Listing Regulations, 2015. Manali Petrochemicals will seek shareholder approval through a postal ballot, as required by regulatory guidelines.

Future Implications

Upon successful completion of the transaction, Notedome Limited, along with its subsidiary, will cease to be a wholly-owned subsidiary of AMCHEM SG and a wholly-owned step-down subsidiary of MPL. This move could potentially allow Manali Petrochemicals to realign its focus on core operations and optimize its global portfolio.

As the chemical industry continues to evolve, this strategic divestment may position Manali Petrochemicals to better navigate market dynamics and concentrate on areas of stronger growth potential. Investors and stakeholders will be keenly watching how this transaction impacts the company's future financial performance and strategic direction.