Manali Petrochemicals MD, chairman, board of directors and AGM
NSE: MANALIPETCBSE: 500268Chemicals & PetrochemicalsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹75.15.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,251 Cr1,503rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 13 Aug 2026
- 7.0
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹68 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 11.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 21 May 2026
- 1.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.69%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 13 Aug 2026
- 15.1%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹68 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 9.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 13 Aug 2026
- 8.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 21 May 2026
- 0.05
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 12,87,98029.6% delivered
Manali Petrochemicals board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.
- ChairpersonAshwin C Muthiah
- Company Secretary and Compliance OfficerG Sri Vignesh
12 directors6 independent2 executive4 non-executive
- Ashwin C Muthiah · ChairpersonNon-executive · joined Apr 2007 · 5 listed boards
- Devaki Ashwin MuthiahNon-executive · joined May 2023 · reappointed Aug 2023 · 3 listed boards · 1 committee seat
- Hugo Patrice Michel ChardonNon-executive · joined Feb 2025 · 1 listed board
- Govindarajan Dattatreyan SharmaIndependent · joined Feb 2018 · reappointed Feb 2023 · 100 months as independent · 6 listed boards · 6 as independent · 8 committee seats
- Chatapuram Swaminathan ShankarIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 2 listed boards · 2 as independent
- Dr N Sundaradevan IAS RetdIndependent · joined Jun 2019 · reappointed Jun 2024 · 84 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
- Thanjavur Kanakaraj ArunIndependent · joined Feb 2018 · reappointed Sep 2021 · 57 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair
- R BhuvaneswariNon-executive · joined May 2022 · reappointed Jun 2022 · 3 listed boards · 4 committee seats
- Latha RamanathanIndependent · joined Aug 2024 · 22 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
- Anand RaghavanIndependent · joined Oct 2025 · 8 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 4 as chair
- R ChandrasekarExecutive · joined Nov 2022 · reappointed May 2024 · 2 listed boards · 2 committee seats
- G R SridharExecutive · joined May 2024 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- Niranjhan Madras Srinivasan, left 12 Aug 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 May 202612 of 12 present6 independent · 72 days in between
- 9 Mar 202612 of 12 present6 independent · 34 days in between
- 2 Feb 202612 of 12 present6 independent
Audit Committee
Chair Latha Ramanathan
Thanjavur Kanakaraj Arun, Govindarajan Dattatreyan Sharma, R Bhuvaneswari
- 21 May 20263 of 4 present3 independent · 72 days in between
- 9 Mar 20264 of 4 present3 independent · 34 days in between
- 2 Feb 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Govindarajan Dattatreyan Sharma
Latha Ramanathan, Chatapuram Swaminathan Shankar, R Bhuvaneswari
- 19 May 20263 of 4 present3 independent · 3 days in between
Stakeholders Relationship Committee
Chair Thanjavur Kanakaraj Arun
Govindarajan Dattatreyan Sharma, R Bhuvaneswari, R Chandrasekar
- 9 Mar 20264 of 4 present2 independent
Risk Management Committee
Chair Thanjavur Kanakaraj Arun
Latha Ramanathan, R Bhuvaneswari, R Chandrasekar
- 15 May 20263 of 4 present2 independent · 101 days in between
- 2 Feb 20264 of 4 present2 independent
Corporate Social Responsibility Committee
Chair Govindarajan Dattatreyan Sharma
Dr N Sundaradevan IAS Retd, R Bhuvaneswari, R Chandrasekar
- 19 May 20263 of 4 present2 independent · 70 days in between
- 9 Mar 20264 of 4 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Brahmayya & Co.Peer-review certificate valid to Apr 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Manali Petrochemicals AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Manali Petrochemicals dividend history
Annual general meeting, 28 Sep 2026
1,51,241 shareholders on the register on 21 Sep 2026; present: 5 promoters and 60 others; votes counted by B. Chandra / B Chandra & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Financial Statements of the Company and other Reports for the year ended 31st March 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 49.70% · promoters 100.00% · institutions 27.03% · other public 8.55%
- To declare a dividend of fifty paise per equity shareOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 49.70% · promoters 100.00% · institutions 27.03% · other public 8.55%
- To re-appoint Mr. Ashwin C Muthiah (DIN: 00255679) who retires by rotation and being eligible offers himself for re-appointment as a Director.Ordinary99.87% for0.13% against
Against: promoters 0.00% · institutions 34.46% · other public 0.06%
Turnout: all 49.70% · promoters 100.00% · institutions 27.03% · other public 8.55%
- To ratify the remuneration to the Cost Auditor, Mr. L Thriyambak, for the year 2026-27Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 49.63% · promoters 100.00% · institutions 27.03% · other public 8.42%
To accord prior approval for the transactions with Tamilnadu Petroproducts Limited which shall be valid from the date of this fortieth Annual General Meeting till the next Annual General Meeting, for purchase and sale of goods and services and other transactions for an aggregate value upto Rs.150 crores excluding applicable taxes and duties.MoreLess
OrdinaryPromoters have an interest in it99.95% for0.05% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.05%
Turnout: all 4.84% · promoters 0.00% · institutions 27.03% · other public 8.55%
- To approve the payment of remuneration to the Non-Executive Directors for Financial Year 2025-26.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 49.63% · promoters 100.00% · institutions 27.03% · other public 8.42%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 6 Aug 2026, 4 resolutions
1,49,913 shareholders on the register on 3 Jul 2026; votes counted by B Chandra / B Chandra & Associates.The company's voting result (opens in a new tab)
- Approval under Regulation 23 of the SEBI Listing Regulations, 2015, for Material Related Party Transactions and Material Modifications with Wilson International Trading Private Limited, SingaporeOrdinaryPromoters have an interest in it99.78% for0.22% against
Against: promoters 0.00% · institutions 0.00% · other public 0.23%
Turnout: all 4.79% · promoters 0.00% · institutions 40.70% · other public 8.47%
- Approval for reappointment of Mr. T K Arun (DIN: 02163427) as an Independent Director of the Company for second term.Special99.66% for0.34% against
Against: promoters 0.00% · institutions 100.00% · other public 0.36%
Turnout: all 49.66% · promoters 100.00% · institutions 40.70% · other public 8.47%
- Approval for revision in remuneration to Mr. R Chandrasekar (DIN: 06374821), Managing Director & CEO- MPL Group.Special99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 49.66% · promoters 100.00% · institutions 40.70% · other public 8.47%
- Approval for revision in remuneration to Mr. G R Sridhar (DIN: 10596912), Wholetime Director (Head of Plant Operations).Special99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.45%
Turnout: all 49.66% · promoters 100.00% · institutions 40.70% · other public 8.47%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Nov 2025, 2 resolutions
1,58,902 shareholders on the register on 10 Oct 2025; votes counted by B Chandra / B Chandra & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Anand Raghavan (DIN: 00243485) as an Independent Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.23%
Turnout: all 42.13% · promoters 85.47% · institutions 4.07% · other public 6.90%
- Approval for sale of Wholly owned Step-down Material SubsidiarySpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 42.13% · promoters 85.47% · institutions 4.07% · other public 6.91%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 16 Sep 2025, 7 resolutions
1,61,483 shareholders on the register on 9 Sep 2025; present: 5 promoters and 57 others; votes counted by B. Chandra / B Chandra & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Standalone & Consolidated Financial Statements of the Company and other Reports for the year ended 31st March 2025 .Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 48.48% · promoters 100.00% · institutions 12.13% · other public 6.50%
- To declare a dividend of fifty paise per equity shareOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 48.48% · promoters 100.00% · institutions 12.13% · other public 6.50%
- To re-appoint Ms. Devaki Muthiah Chardon (DIN: 10073541) who retires by rotation and being eligible offers herself for re-appointment as a DirectorOrdinary99.88% for0.12% against
Against: promoters 0.00% · institutions 89.05% · other public 0.13%
Turnout: all 48.48% · promoters 100.00% · institutions 12.13% · other public 6.50%
- To ratify the remuneration to the Cost Auditor, Mr. L Thriyambak, for the year 2025-26Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 48.48% · promoters 100.00% · institutions 12.13% · other public 6.50%
To accord prior approval for the transactions with Tamilnadu Petroproducts Limited from 01-10-2025 to 30-09-2026 for purchase and sale of goods and services and other transactions for an aggregate value upto Rs.300 crores excluding applicable taxes.MoreLess
OrdinaryPromoters have an interest in it99.87% for0.13% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 3.61% · promoters 0.00% · institutions 12.13% · other public 6.50%
To approve the appointment of M/s. B. Chandra & Associates, Practicing Company Secretaries, Chennai as the Secretarial Auditors of the Company for a term of five consecutive years commencing from Financial Year 2025-26 till Financial Year 2029-30.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 48.48% · promoters 100.00% · institutions 12.13% · other public 6.50%
- To approve the payment of remuneration to the Non-Executive Directors for Financial Year 2024-25.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 48.48% · promoters 100.00% · institutions 12.13% · other public 6.50%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 4 May 2025, 4 resolutions
1,64,233 shareholders on the register on 28 Mar 2025; votes counted by B Chandra / B Chandra & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Hugo Patrice Michel Chardon (Mr. Hugo Chardon) (DIN:10919071), as a Director of the CompanyOrdinary99.62% for0.38% against
Against: promoters 0.00% · institutions 100.00% · other public 0.41%
Turnout: all 48.40% · promoters 100.00% · institutions 25.43% · other public 6.17%
- Appointment of Mr.Niranjhan Madras Srinivasan (DIN:01650785) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.20%
Turnout: all 48.40% · promoters 100.00% · institutions 25.43% · other public 6.17%
- Re-designation and appointment of Mr. R Chandrasekar, Managing Director (DIN:06374821) as Managing Director & CEO - MPL GroupSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 48.40% · promoters 100.00% · institutions 25.43% · other public 6.17%
- Re-designation of Mr. G R Sridhar, Wholetime Director (Operations)( DIN:10596912) as Wholetime Director ( Head of Plant Operations) and revision in remunerationSpecial99.64% for0.36% against
Against: promoters 0.00% · institutions 100.00% · other public 0.19%
Turnout: all 48.40% · promoters 100.00% · institutions 25.43% · other public 6.17%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 18 Sep 2024, 6 resolutions
Present: 5 promoters and 52 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Financial Statements of the Company and other Reports for the year ended 31st March 2024.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.18%
Turnout: all 47.24% · promoters 100.00% · institutions 45.22% · other public 3.22%
- To declare a dividend of seventy-five paise per equity share for the year ended 31st March 2024.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.19%
Turnout: all 47.24% · promoters 100.00% · institutions 45.22% · other public 3.22%
- To re-appoint Ms. R Bhuvaneswari (DIN: 06360681) who retires by rotation and being eligible offers herself for re-appointment as a Director.Ordinary99.43% for0.57% against
Against: promoters 0.00% · institutions 39.08% · other public 0.97%
Turnout: all 47.24% · promoters 100.00% · institutions 45.22% · other public 3.22%
- To ratify the remuneration to the Cost Auditors for the year 2024-25.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 47.24% · promoters 100.00% · institutions 45.22% · other public 3.22%
- To accord prior approval for the transactions with Tamilnadu Petroproducts Limited.Ordinary99.81% for0.19% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 2.37% · promoters 0.00% · institutions 45.22% · other public 3.22%
- To approve the appointment of Ms. Latha Ramanathan (DIN: 07099052) as an Independent Director of the Company.Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 47.24% · promoters 100.00% · institutions 45.22% · other public 3.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 9 Aug 2024, 4 resolutions
The company's voting result (opens in a new tab)
- Appointment of Mr. Gopala Rammohan Sridhar (Mr. G R Sridhar) (DIN: 10596912), as a Director of the CompanyOrdinary99.51% for0.49% against
Against: promoters 0.00% · institutions 100.00% · other public 0.86%
Turnout: all 46.86% · promoters 99.99% · institutions 14.25% · other public 3.34%
- Appointment and fixing of remuneration of Mr. G R Sridhar (DIN: 10596912), as a Wholetime Director (Operations) of the CompanySpecial99.51% for0.49% against
Against: promoters 0.00% · institutions 100.00% · other public 0.89%
Turnout: all 46.86% · promoters 99.99% · institutions 14.25% · other public 3.34%
- Redesignation, appointment and fixing of remuneration of Mr. R Chandrasekar (DIN: 06374821) as Managing Director of the CompanySpecial99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 1.03%
Turnout: all 46.86% · promoters 99.99% · institutions 14.25% · other public 3.34%
- Approval for payment of remuneration to the Non-Executive Directors for Financial Year 2023-24.SpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 1.18%
Turnout: all 46.86% · promoters 99.99% · institutions 14.25% · other public 3.34%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 16 May 2024, 2 resolutions
The company's voting result (opens in a new tab)
- Approval for Reappointment of Lt. Col (Retd) Chatapuram Swaminathan Shankar (DIN: 08397818), as an Independent Director of the Company for the second term.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 46.63% · promoters 100.00% · institutions 30.75% · other public 2.86%
- Approval for Reappointment of Dr. N Sundaradevan, IAS (Retd) (DIN: 00223399), as an Independent Director of the Company for the second term.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 46.63% · promoters 100.00% · institutions 30.75% · other public 2.86%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyGST DepartmentSince 27 May 2026
Penalty of Rs.1,12,500/- was levied by the Authority.
The Order has been passed for incorrect availment of input tax credit by the Company. The Company will be preferring an appeal before the First Appellate Authority against the said Order.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.