Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Manali Petrochemicals Limited

Meeting Details

The 40th Annual General Meeting was held on 28th September 2026 at 5:00 PM through Video Conferencing/Other Audio-Visual Means (VC/OAVM).

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Adoption of Standalone and Consolidated Financial Statements for year ended 31st March 2026 (Ordinary Resolution)

2. Declaration of dividend of fifty paise per equity share (Ordinary Resolution)

3. Re-appointment of Mr. Ashwin C Muthiah (DIN: 00255679) as Director (Ordinary Resolution)

4. Ratification of remuneration to Cost Auditor Mr. L Thriyambak for 2026-27 (Ordinary Resolution)

5. Prior approval for transactions with Tamilnadu Petroproducts Limited for purchase/sale of goods and services up to ₹150 crore excluding taxes (Ordinary Resolution)

6. Payment of remuneration to Non-Executive Directors for Financial Year 2025-26 (Special Resolution)

Voting Process and Methods

The company provided remote e-Voting facility through CDSL platform commencing on Thursday, 24th September 2026 (9:00 AM IST) and ending on Sunday, 27th September 2026 (5:00 PM IST). Members who had not availed remote e-Voting were provided opportunity to vote electronically during the meeting.

M/s B Chandra & Associates, Practising Company Secretaries were appointed as Scrutinizers for both remote e-Voting and e-Voting during the meeting.

Key Voting Outcomes

Total valid votes cast across all resolutions: 85,489,199 shares

Resolution-wise voting results:

  • Resolution 1: 231 votes for (85,485,265 shares), 28 votes against (3,934 shares) - 100% assent
  • Resolution 2: 231 votes for (85,485,189 shares), 28 votes against (4,010 shares) - 100% assent
  • Resolution 3: 218 votes for (85,377,223 shares), 41 votes against (111,976 shares) - 99.87% assent, 0.13% dissent
  • Resolution 4: 222 votes for (85,364,360 shares), 36 votes against (4,839 shares) - 99.99% assent, 0.01% dissent
  • Resolution 5: 224 votes for (8,317,957 shares), 30 votes against (3,991 shares) - 99.95% assent, 0.05% dissent (related parties abstained as required)
  • Resolution 6: 223 votes for (85,364,658 shares), 35 votes against (4,541 shares) - 99.99% assent, 0.01% dissent

Scrutinizer's Role and Findings

M/s B Chandra & Associates were appointed as Scrutinizers via letter dated 7th September 2026. They consolidated votes from remote e-Voting and e-Voting during the meeting, maintained electronic records of assent/dissent with shareholder particulars, and confirmed all resolutions passed with requisite majority. The scrutinizer's report was submitted on 29th September 2026.

Compliance Confirmation

The voting process complied with Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant MCA circulars including Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 03/2022, 11/2022, 09/2023, 09/2024, and 03/2025.

Additional Information

Notice of AGM was dispatched to members electronically on 4th September 2026. Out of 123,050 emails sent, 86 bounced back. Public advertisements were published in Financial Express (all editions) and Makkal Kural (Chennai edition) on 19th August 2026 and 5th September 2026.