Shares of Manali Petrochemicals Ltd climbed 2.49% to ₹71.59 on Tuesday, September 16, following the company’s announcement that it has been granted Certification Marks Licences by the Bureau of Indian Standards (BIS). The licences cover polyether polyols and polyester polyols and are valid for one year.
The certification underscores Manali Petrochemicals’ adherence to quality, safety, and regulatory compliance while reinforcing its commitment to Good Manufacturing Practices (GMP). The company noted that this milestone also strengthens customer trust and aligns with the “Make in India” initiative.
While the disclosure was not mandatory under SEBI Listing Regulations, 2015, the company said the update was made in the interest of good corporate governance and transparency.
At the time of reporting, the stock was trading with a market cap of ₹12,388 crore, a P/E ratio of 40.65, and a dividend yield of 0.69%.
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