Date: 26th June 2026
Board Meeting Outcomes
The Board of Directors of Manali Petrochemicals Limited passed a resolution by circulation on 25th June 2026 to amend the Notice of Postal Ballot. The amendment adds Item No. 1 seeking approval under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Material Related Party Transactions and Material Modifications with Wilson International Trading Private Limited, Singapore.
Revised Postal Ballot Resolutions
Ordinary Resolution:
- 1. Approval under Regulation 23 of the SEBI Listing Regulations, 2015, for Material Related Party Transactions and Material Modifications with Wilson International Trading Private Limited, Singapore
Special Resolutions:
- 2. Approval for reappointment of Mr. T K Arun (DIN: 02163427) as an Independent Director of the Company for second term
- 3. Approval for revision in remuneration to Mr. R Chandrasekar (DIN: 06374821), Managing Director & CEO – MPL Group, with effect from 1st April 2026
- 4. Approval for revision in remuneration to Mr. G R Sridhar (DIN: 10596912), Wholetime Director (Head of Plant Operations), with effect from 1st April 2026
KMP Changes
The postal ballot includes resolutions regarding key managerial personnel:
- Mr. T K Arun: Reappointment as Independent Director for second term
- Mr. R Chandrasekar: Revision in remuneration as Managing Director & CEO – MPL Group, effective 1st April 2026
- Mr. G R Sridhar: Revision in remuneration as Wholetime Director (Head of Plant Operations), effective 1st April 2026
Implementation Timeline
The Company will be dispatching the postal ballot notice in due course. The remuneration revisions for both directors are specified to be effective from 1st April 2026.