NSEGeneral Updates23 Jun 2026 · 23 Jun 2026, 04:42 pm
General Updates
Manali Petrochemicals Limited · MANALIPETC
✦ AI Summary▲ PositiveLitigation
Manali Petrochemicals Limited announced that the Division Bench of the Hon'ble Madras High Court has granted an interim stay on its order dated March 25, 2026, in W.P. No. 5850 of 2016. This interim relief was provided in response to a Writ Appeal (WA No. 1538 of 2026) filed by the company. The stay is subject to certain conditions, and the matter is slated for further hearing. The company's legal counsel is currently evaluating the legal and financial implications of this development.
Analysis Scores
Earnings Impact7/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment7/10
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Manali Petrochemicals Limited has informed the Exchange about General Updates
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Ref: MPL / Sectl / BSE & NSE / E-2 & E-3 / 2026
23rd June 2026
The Manager The Listing Department
Listing Department National Stock Exchange of India
BSE Limited Limited
Corporate Relationship Department Exchange Plaza, 5th Floor
1st Floor, New Trading Ring Plot No. C/1, G Block
Rotunda Building, Bandra-Kurla Complex
P J Tower Dalal Street, Fort Bandra (East)
Mumbai - 400 001 Mumbai - 400 051
Stock Code: 500268 Stock Code: MANALIPETC
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Further to our earlier intimation dated 31st March 2026, we wish to inform that the
Company had filed a Writ Appeal (WA No. 1538 of 2026) before the Division Bench of
the Hon'ble Madras High Court against the order dated 25th March 2026 passed in W.P.
No. 5850 of 2016.
We are in receipt of the order dated 15th June 2026 received today, whereby the Division
Bench has granted an interim stay of the said order, subject to compliance with certain
conditions as directed by the Court. The matter is posted for further hearing.
The Company's legal counsel is actively pursuing the matter, assessing the legal and
financial implications and advising on next steps.
Further updates shall be provided as and when material developments occur.
The relevant details as prescribed under SEBI Listing Regulations, 2015 read with SEBI
circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are
covered above.
You are requested to take the same on record.
Thanking you,
Yours faithfully,
For Manali Petrochemicals Limited
G Sri Vignesh
Company Secretary