Manali Petrochemicals Receives Madras High Court Order Regarding Labor Dispute
Manali Petrochemicals Ltd. announced on March 31, 2026, that the Hon'ble Madras High Court has issued a common order disposing of Writ Petitions (W.P. Nos. 5850, 5851 of 2016 and 2731 of 2023). These petitions were previously filed by the company challenging awards passed by the Industrial Tribunal, Chennai in I.D. Nos. 35 of 2006 and 51 of 2004, concerning wage revision and service conditions for workmen.The company is currently evaluating the financial and legal implications of the court’s order in consultation with legal counsel and will take appropriate steps as advised. Manali Petrochemicals stated that it will update the stock exchanges on any further developments related to this matter.
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