Chennai Petroleum Corporation Limited has fixed Friday, August 7, 2026, as the record date to determine shareholder eligibility for a final equity dividend of Rs 54 per share for the financial year 2025-26. The payout, which translates to 540% on the paid-up equity share capital, is subject to the approval of members at the forthcoming Annual General Meeting (AGM).

The Board of Directors of Chennai Petroleum Corporation Limited had recommended the dividend in a meeting held on April 24, 2026. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company has now formalized the record date. The dividend will be paid to eligible members within 30 days from the date of the AGM, pending approval.

Dividend Details

Tax Deduction Requirements

The company noted that under the Income Tax Act, 2025, dividends are taxable in the hands of shareholders. Consequently, Chennai Petroleum Corporation Limited is required to deduct tax at source (TDS) at the time of payment. To facilitate the determination of the applicable TDS rate, shareholders have been requested to submit relevant documents by Friday, August 14, 2026.

Chennai Petroleum Corporation Limited has appointed Shri Lalit Kumar Mohanty as its Company Secretary & Compliance Officer effective July 01, 2026. The appointment follows the superannuation of Shri P Shankar, who ceased to be the Company Secretary & Compliance Officer at the close of business hours on June 30, 2026. The Board of Directors approved the appointment during its meeting held on June 26, 2026.

Shri Lalit Kumar Mohanty is a Science graduate and a qualified Company Secretary from the Institute of Company Secretaries of India, holding Membership No. F6655. He also holds a Master's degree in Law. Prior to this elevation, he had been serving as the Deputy Company Secretary of the company since 2020.

The appointee brings over 25 years of experience in secretarial, legal, and taxation functions across various industries, including telecom, refractories, steel, and oil sectors. Before joining Chennai Petroleum Corporation Limited, he served as the Company Secretary at Neelachal Ispat Nigam Limited, a Central Public Sector Undertaking. His previous professional associations include Tata Refractories Limited, RPG Group of Companies, and Ortel Communications Limited.

The change in the key managerial personnel was disclosed to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting, where the appointment was ratified, commenced at 10:00 AM and concluded at 11:40 AM on June 26, 2026.

Key Appointment Details