Chennai petroleum corporation has announced the appointment of a new Cost Auditor for the financial year 2026-27. The company's board approved this appointment during its meeting held on March 26, 2026, following recommendations from the Audit Committee.

Cost Auditor Appointment Details

The board has appointed M/s. Vivekanandan Unni & Associates as the company's Cost Auditor for the financial year 2026-27. The appointment became effective from March 26, 2026.

Auditor Profile and Experience

M/s. Vivekanandan Unni & Associates brings substantial expertise to their new role with Chennai Petroleum Corporation. The firm has 25 years of experience in cost audit and has worked across various industries including petroleum, chemicals, and steel sectors.

Board Meeting Information

The board meeting that approved this appointment was conducted on March 26, 2026. The meeting commenced at 03:00 PM and concluded at 04:15 PM. The appointment was made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Regulatory Compliance

This appointment fulfills the company's regulatory requirements under SEBI (LODR) Regulations, 2015. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as per the prescribed norms for listed companies.

The appointment represents Chennai Petroleum Corporation's continued commitment to maintaining robust audit practices and regulatory compliance as a Government of India enterprise and group company of Indian Oil Corporation Limited.

Chennai Petroleum Corporation Limited has officially declared an interim dividend of ₹8 per equity share for the financial year 2025-26, following its board meeting held on March 26, 2026. The Government of India enterprise and group company of Indian Oil Corporation Limited has set April 2, 2026, as the record date for determining shareholder eligibility.

Board Meeting Outcome and Dividend Declaration

The board of directors convened on March 26, 2026, and formally approved the interim dividend declaration. The meeting commenced at 3:00 PM and concluded at 4:15 PM, with the board unanimously approving the ₹8 per equity share dividend on shares having a face value of ₹10 each. This follows the company's earlier communication dated March 20, 2026, which had intimated the board meeting date for considering the interim dividend.

Record Date and Payment Timeline

Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, the company has fixed Thursday, April 2, 2026, as the record date for ascertaining shareholder eligibility for the interim dividend payment. Eligible shareholders will receive the dividend payment on or before April 25, 2026.

Official Communication and Regulatory Compliance

Company Secretary P. Shankar has issued the official communication to both BSE Limited and National Stock Exchange of India Limited under reference number CS:01:100/25-26. The notification was digitally signed on March 26, 2026, at 4:15 PM, ensuring timely disclosure to market participants as required under Regulation 30 of SEBI LODR.

Company Profile and Market Presence

Chennai Petroleum Corporation Limited operates as a Government of India enterprise and functions as a group company of Indian Oil Corporation Limited. The company has completed 60 years of refining excellence and maintains its listing on both major Indian stock exchanges. The interim dividend declaration demonstrates the company's commitment to rewarding shareholders while maintaining its operational excellence in the petroleum refining sector.