General Updates

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.