Manali Petrochemicals Limited has successfully concluded its postal ballot process and obtained shareholder approval for all four proposed resolutions. The remote e-voting period commenced on Wednesday, 08th July 2026 at 9:00 AM IST and concluded on Thursday, 06th August 2026 at 5:00 PM IST.

Voting Results Details

Resolution 1 - Ordinary Resolution: 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.

  • Votes in favor: 409 voters representing 8,224,496 votes (99.78%)
  • Votes against: 45 voters representing 18,164 votes (0.22%)
  • Invalid votes: 0
  • Total valid votes: 454 voters representing 8,242,660 votes
  • Result: Passed as Ordinary Resolution

Resolution 2 - Special Resolution: Approval for reappointment of Mr. T K Arun (DIN: 02163427) as an Independent Director of the Company for second term.

  • Votes in favor: 397 voters representing 85,118,017 votes (99.66%)
  • Votes against: 64 voters representing 292,294 votes (0.34%)
  • Invalid votes: 0
  • Total valid votes: 461 voters representing 85,410,311 votes
  • Result: Passed as Special Resolution

Resolution 3 - Special Resolution: Approval for revision in remuneration to Mr. R Chandrasekar (DIN: 06374821), Managing Director & CEO - MPL Group.

  • Votes in favor: 401 voters representing 85,383,803 votes (99.97%)
  • Votes against: 60 voters representing 26,508 votes (0.03%)
  • Invalid votes: 0
  • Total valid votes: 461 voters representing 85,410,311 votes
  • Result: Passed as Special Resolution

Resolution 4 - Special Resolution: Approval for revision in remuneration to Mr. G R Sridhar (DIN: 10596912), Wholetime Director (Head of Plant Operations).

  • Votes in favor: 395 voters representing 85,374,463 votes (99.96%)
  • Votes against: 65 voters representing 35,698 votes (0.04%)
  • Invalid votes: 0
  • Total valid votes: 460 voters representing 85,410,161 votes
  • Result: Passed as Special Resolution

Process Details

The postal ballot notice was dated 25th June 2026 and was issued pursuant to Section 110 and other applicable provisions of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014. The company provided remote e-Voting facility through CDSL platform to its members. M/s B Chandra & Associates, Practising Company Secretaries were appointed as the Scrutinizers for the remote e-voting process.

The notice was sent to members via email through the Registrar & Transfer Agent, Cameo Corporate Services Limited, to members whose names appeared on the Register of Members/list of beneficial owners provided by the Depositories as on 03rd July 2026. Public advertisements were published in "Financial Express" (English) and "Makkal Kural" (Tamil) on 26th June 2026 and 08th July 2026. According to the report, 4,152 emails had bounced during the distribution process.

Effective Date

As per the applicable provisions of the Act, the resolutions are deemed to have been passed on 06th August 2026, being the date of conclusion of the postal ballot voting period.