Manali Petrochemicals Ltd Extends PR Consultancy Agreement with Fortuna Public Relations Private Limited
Manali Petrochemicals Ltd has extended its engagement with Fortuna Public Relations Private Limited (FPRPL) for further Public Relations consultancy services. The agreement, executed on April 6, 2026, extends the association for an additional two years.FPRPL will continue to provide Public Relations consultancy to the company. The scope of services includes promotion of media and investor relations, corporate image building, and handling related matters.
The company previously informed the Exchange of an engagement extension with FPRPL, which covered a period of two years up to March 31, 2026. The current agreement formally extends this relationship, effective from April 1, 2026, to March 31, 2028.
Details regarding the agreement with FPRPL are provided in the table below:
| Parameter | Details |
|---|---|
| Name of Parties | Fortuna Public Relations Private Limited (FPRPL) |
| Purpose of Agreement | FPRPL to act as Public Relations Consultants of the Company for promoting media and investor relations, corporate image building and related matters. |
| Shareholding in Entity | Nil |
| Significant Terms | NA |
| Related Party Status | No, the said party is not related to promoter/promoter group/ group companies in any manner. |
| Related Party Transaction | No |
The agreement specifies termination clauses, noting that MPL can terminate the agreement by providing one month's written notice to FPRPL. Furthermore, in the event of a material breach, either party retains the right to terminate the agreement by giving 15 days' written notice to the other party.
Manali Petrochemicals Ltd maintains multiple operational units, including Plant - 1 at Ponneri High Road, Manali, Chennai - 600 068, and Plant - 2 at Sathangadu Village, Manali, Chennai - 600 068.
MANALIPETC Stock Price Movement
At the close of trade, shares of Manali Petrochemicals are edging higher by 0.86% to trade at ₹43.23. The stock saw action today, trading within a range between ₹42.1 and ₹43.88 on brisk volumes totaling 297,378 shares.Source:
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