The board of directors of Manali Petrochemicals Limited has recommended a dividend of 10%, totaling ₹8.60 crores, subject to rounding off and taxes, for the year under review. This decision aligns with pre-pandemic levels and was made after considering the company's business, project plans, and other factors, including re-investments for future growth and profitability.
The dividend payout is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM). Further details regarding the record date and payment date will be announced following the AGM.
The company's performance during the year saw a total standalone income of ₹669 crores, compared to ₹822 crores in the previous year (FY 2023-24). The decrease in sales volume and revenue was attributed to increased cheaper and uncontrolled imports, which created significant pricing pressure.
In response to these challenges, Manali Petrochemicals has focused on capacity expansion, sustainable product diversification, and global opportunities. The company is investing in expanding capacity at its plants and geographic footprint, while also reducing exposure to low-margin and excessive import-driven products. Additionally, the company is accelerating product R&D and diversifying into higher-margin, value-added offerings.
The company's expanded Propylene Glycol (PG) facility was inaugurated on July 16, 2025, and has received Consent to Operate from regulatory authorities. This expansion is expected to strengthen the company's market position by increasing production capacity and improving supply reliability for key customers.
Manali Petrochemicals has also focused on environmental conservation, implementing renewable energy initiatives and afforestation efforts. The company has entered into captive arrangements with energy providers, covering 68% of its total energy requirement, resulting in a reduction of 55,278 tonnes of CO2 equivalent per year. Over the past three years, the company has planted approximately 29,100 saplings across 19.55 hectares of land, achieving an estimated carbon sequestration of nearly 1,900 metric tonnes of CO2 during the last fiscal year alone.
The company is also planning to set up an additional manufacturing facility in Western India, with plant construction formalities expected to commence during the fourth quarter of FY 2025-26.
Manali Petrochemicals operates in the Polyurethanes (PU) industry, specializing in the manufacture of Propylene Glycol, Polyether Polyol, Polyester polyols, and related polymers. The company is the sole domestic producer of Propylene Glycol and the first and largest Indian manufacturer of Propylene Oxide.
The company's subsidiaries in the UK, Notedome and PennWhite, have provided a platform for shared strategy and global expansion. These subsidiaries have enabled the production of cast elastomers in Chennai, strengthening the company's presence in Southeast Asian markets.
Through AM Foundation, Manali Petrochemicals has focused on primary healthcare & education, sanitation, and hygiene, ensuring access to basic needs for people around its manufacturing locations. Eight Preventive Health Care Centres with lab facilities have been set up, serving over 50,000 patients during the year. The company's hygiene program has reached approximately 39,000 children, with sustainable hygiene kits distributed across 223 schools.
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