Manali petrochemicals Limited has announced the designation of Mr. A R Swamydurai as Senior Management Personnel, effective March 9, 2026. The appointment was disclosed to stock exchanges in compliance with Regulation 30 of the SEBI Listing Regulations, 2015.

Appointment Details

The company has designated Mr. A R Swamydurai, who currently serves as Deputy General Manager (Operations), as Senior Management Personnel with effect from March 9, 2026. This designation represents an internal promotion recognizing his operational leadership role within the organization.

Professional Background

Mr. A R Swamydurai brings extensive experience to his new role, having been associated with Manali Petrochemicals Limited since 1989. His career progression within the company spans over three decades, starting as an ESS trainee.

Key Qualifications and Experience:

• Educational Background: Diploma in Chemical Technology
• Company Tenure: Joined as ESS trainee in 1989
• Current Responsibilities: Leads operations at both company plants
• Operational Expertise: Extensive experience in petrochemical operations

Regulatory Compliance

The appointment disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, 2015, and follows the guidelines specified in SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has informed both BSE Limited and National Stock Exchange of India Limited about this senior management appointment.

Company Operations

Manali Petrochemicals Limited operates through two manufacturing facilities located in Chennai. Both plants are situated in the Manali area, with Plant-1 at Ponneri High Road and Plant-2 at Sathangadu Village. Mr. Swamydurai's role as Deputy General Manager (Operations) involves overseeing operational activities across these facilities, making his designation as Senior Management Personnel a recognition of his critical operational responsibilities.

Manali Petrochemicals Limited has received reaffirmation of its credit ratings from CARE Ratings Limited across all bank facilities totaling Rs. 125.00 crore. The rating agency communicated this decision on 26th February 2026, maintaining the company's existing credit profile.

Credit Rating Details

CARE Ratings reaffirmed the ratings across three categories of bank facilities, demonstrating confidence in the company's financial stability:

The reaffirmation covers the company's entire banking facility portfolio, with long-term facilities representing the largest component at Rs. 75.00 crore.

Rating Significance

The CARE A+ rating with stable outlook for long-term facilities indicates high degree of safety regarding timely servicing of financial obligations. The rating reflects adequate credit quality with low credit risk. For short-term facilities, the CARE A1+ rating signifies instruments with very strong degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

Manali Petrochemicals disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated the rating reaffirmation to both BSE Limited and National Stock Exchange of India Limited on the same day.

The rating reaffirmation provides stability to the company's borrowing profile and maintains its access to banking facilities at existing terms. This development supports the company's ongoing operations and financial planning initiatives.