Chennai Petroleum Corporation has formally notified stock exchanges of the publication of its revised notice for the 60th Annual General Meeting (AGM), confirming compliance with disclosure norms. The Government of India enterprise submitted newspaper clippings from The Hindu and Makkal Kural—published on August 6, 2026—to BSE Ltd. and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. This filing verifies that shareholders have been informed of the two-day postponement of the AGM from August 24 to August 26, 2026, due to unavoidable administrative commitments.

The rescheduling impacts several procedural deadlines for investors. While the record date for dividend eligibility remains unchanged at August 7, 2026, the cut-off date for determining voting rights has shifted to August 19, 2026. Consequently, the remote e-voting window is now active from August 22, 9:00 AM, to August 25, 5:00 PM. Speaker registration and question submission periods have also been adjusted to run from August 22 to August 24, 2026. Company Secretary Lalit Kumar Mohanty signed the intimation dated August 6, 2026, ensuring transparency in the governance process.

Revised Key Dates

Dividend and Governance Agenda

The core business agenda remains unaffected by the date change. Shareholders are set to approve a final equity dividend of ₹54 per share (540% on paid-up capital) for FY25-26. This follows an interim dividend of ₹8.00 per share declared in March 2026, bringing the total potential payout to ₹62 per share if approved. Additionally, the company seeks approval for a preference dividend of 6.65% (₹0.665 per share) on outstanding preference shares, amounting to ₹15.94 crore payable to holding company Indian Oil Corporation Limited (IOCL).

Under special business, the AGM will appoint S.G. Venkatesh as Director (Technical) and V.C. Asokan as a Nominee Director nominated by IOCL. Both were appointed as Additional Directors earlier in 2026 and are eligible for formal appointment. Ordinary resolutions will also cover the re-appointment of Inder Jeet and Rohit Kumar Agrawala, who retire by rotation. Furthermore, shareholders will ratify the remuneration of M/s. Vivekanandan Unni & Associates as Cost Auditor for FY26-27 at ₹2,75,000 plus taxes.

What the Numbers Show

The rescheduling does not alter the financial obligations or governance structure proposed for shareholder approval. The fixed preference dividend of ₹15.94 crore reflects the structured capital relationship between Chennai Petroleum and IOCL. The total equity dividend payout of ₹62 per share represents a significant return to shareholders, contingent on approval at the rescheduled meeting. The shift in voting deadlines requires shareholders to act within the new window ending August 25, 2026, to ensure their votes are counted. The formal submission of newspaper clippings confirms that all regulatory disclosure requirements under SEBI LODR have been met, providing legal certainty to the revised timeline.

Chennai Petroleum Corporation Limited (CPCL) delivered a landmark financial performance in FY 2025-26, reporting Revenue from Operations of ₹78,610.66 crore and Profit After Tax of ₹3,061.85 crore—a dramatic turnaround from ₹174 crore PAT in the previous year. The results were underpinned by record operational achievements, improved refining margins, and disciplined financial management, marking FY 2025-26 as one of the most consequential years in the company's six-decade history.

Key Financial Highlights

The following table summarises CPCL's standalone financial performance for FY 2025-26:

The company's credit ratings were maintained at the highest levels—AAA for long-term credit and A1+ for short-term credit—by both CRISIL and ICRA.

Dividend and Shareholder Returns

CPCL declared its highest-ever total dividend of ₹62 per equity share for FY 2025-26, comprising:

• Final equity dividend: ₹54 per share (540% on paid-up equity share capital), amounting to ₹804.12 crore
• Maiden interim equity dividend: ₹8 per share (80%), amounting to ₹119.13 crore
• Preference dividend: 6.65% (₹0.665 per preference share) on outstanding preference shares up to the date of redemption on September 23, 2025, amounting to ₹15.94 crore

The record date for the final equity dividend has been fixed as Friday, 7 August 2026. The remaining ₹500 crore of Non-Convertible Cumulative Redeemable Preference Shares were redeemed on 23 September 2025, leaving no outstanding preference shares as at 31 March 2026.

Record Operational Performance

FY 2025-26 was characterised by best-ever performance across multiple operational parameters:

Six new international crude varieties were successfully processed during the year—WTI Midland (USA), Qatar Marine (Qatar), Nile Blend (Sudan), Sarir Messla Blend (Libya), Sankofa (Ghana), and Rabi Blend (Gabon)—enhancing feedstock flexibility and supply resilience.

Capital Expenditure and Strategic Projects

CPCL incurred Capital Expenditure of ₹866.17 crore in FY 2025-26, compared to ₹680.82 crore in FY 2024-25, registering a growth of 27.23%. Key projects include:

The LOBS project will produce 256 KTPA of Group II/III Lube Oil Base Stocks, supporting import substitution and reducing Scope 3 emissions by 830 KTCO2e (3%).

Navratna Status and Retail Expansion

CPCL was elevated as the 28th Navratna Central Public Sector Enterprise by the Department of Public Enterprises, Government of India, in June 2026. The company also entered the retail fuel marketing segment under the SOOPER brand, commissioning its first retail outlet on 22 March 2026 and its first Company-Owned Company-Operated (COCO) outlet at Mathur, Chennai on 20 May 2026. The Ministry of Petroleum and Natural Gas has authorised CPCL to establish 300 retail outlets across India.

Direct Marketing and Value-Added Products

Highest-ever direct marketing sales (excluding Pet coke and sulphur) reached 316.9 TMT, a year-on-year increase of approximately 35.3%. Key milestones include:

• Mineral Turpentine Oil (MTO) sales: 129 TMT (vs. previous highest of 54 TMT in FY 2024-25)
• Pharma Grade Hexane sales: 8.3 TMT (vs. previous highest of 4.2 TMT)
• Low Sulphur Naphtha dispatch: 21.8 TMT (vs. previous best of 2.7 TMT in FY 2024-25)

R&D and Innovation

The DSIR-recognised R&D Centre recorded its highest-ever investment of ₹17.84 crore during FY 2025-26. Three new patent applications were filed during the year, bringing total granted Indian patents to 9 as of FY 2025-26. Key research initiatives included feasibility studies for Pentane-rich streams, n-Heptane-rich streams, Very Low Sulphur Fuel Oil (VLSFO), Special Boiling Point Solvents, and drilling fluids, along with collaborative projects with IIT Madras and RGIPT.

Sustainability and ESG

CPCL achieved an S&P Global ESG Score of 60 out of 100 for 2025, ranking second among Indian oil and gas companies. The company's disclosure-based S&P Global Corporate Sustainability Assessment (CSA) Score improved to 59, significantly outperforming the industry average of 35. Scope 1 and Scope 2 emissions intensity per metric tonne of crude throughput reduced to 0.22 tCO2e/MT. The company consumed 478 TMT of RLNG during FY 2025-26, enabling a reduction of approximately 475 TMT of CO2 emissions. A 1.1 MW Floating Solar Power Plant was commissioned in October 2025, increasing total installed solar capacity to 3.4 MW. CSR expenditure for the year stood at ₹55.23 crore.

Annual General Meeting

The 60th Annual General Meeting of CPCL is scheduled to be held on Monday, 24 August 2026 at 11:00 AM (IST) through Video Conference/Other Audio Visual Means. The record date for determining entitlement to the final equity dividend has been fixed as Friday, 7 August 2026. Remote e-voting will be open from 09:00 AM on Thursday, 20 August 2026 till 5:00 PM on Sunday, 23 August 2026.