Manali Petrochemicals Limited (MPL), a leading petrochemical company, has achieved a significant milestone in its commitment to quality and regulatory compliance. The company has been granted Certification Marks Licences by the Bureau of Indian Standards (BIS) for its polyether polyols and polyester polyols products.

BIS Certification: A Mark of Quality

The BIS certification, valid for one year, underscores MPL's dedication to maintaining high standards in its manufacturing processes. This achievement is particularly noteworthy in the petrochemical industry, where quality and safety are paramount.

Implications for Manali Petrochemicals

The newly acquired BIS certification brings several benefits to Manali Petrochemicals:

1. Enhanced Customer Trust: The certification serves as a testament to the company's commitment to quality, potentially strengthening customer confidence in MPL's products.

2. Regulatory Compliance: By meeting BIS standards, MPL demonstrates its adherence to stringent regulatory requirements in the petrochemical sector.

3. Good Manufacturing Practices (GMP): The certification reflects MPL's continued commitment to following GMP, ensuring consistent product quality.

4. Support for 'Make in India': This achievement aligns with and reinforces MPL's support for the 'Make in India' initiative, promoting domestic manufacturing excellence.

Industry Impact

The BIS certification for polyether and polyester polyols is significant for the broader petrochemical industry. These compounds are crucial in various applications, including the production of foams, coatings, adhesives, and elastomers. MPL's certification may set a benchmark for quality in the sector, potentially influencing industry standards.

Company's Statement

In a communication to the stock exchanges, Manali Petrochemicals stated, "The grant of these BIS IS Licences marks a significant milestone, reaffirming our commitment to the highest standards of quality, safety, and regulatory compliance for our products and processes."

While this development is not mandatory to report under SEBI Listing Regulations, 2015, MPL chose to disclose it in the interest of good corporate governance and transparency, further highlighting the company's commitment to open communication with its stakeholders.

As Manali Petrochemicals continues to strengthen its position in the petrochemical industry, this BIS certification marks an important step in its journey towards excellence and quality assurance in manufacturing.

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.