Indian Oil Corporation Ltd has fixed Friday, August 14, 2026, as the record date to determine member entitlement for the final dividend of ₹1.25 per share for the financial year 2025-26. The Board of Directors recommended this dividend at its meeting held on May 18, 2026. The dividend, if declared at the Annual General Meeting, will be paid within 30 days of the declaration. The company has detailed the Tax Deduction at Source (TDS) provisions applicable under the Income-tax Act, 2025, which require tax deduction at the time of payment.

For resident members, tax will be deducted at source unless the total dividend amount for the financial year 2026-27 does not exceed ₹10,000 or if valid declarations such as Form 121 are submitted. Members with valid Permanent Account Numbers (PAN) will face a 10% deduction, while those with invalid or missing PAN will be subject to a 20% deduction. Resident non-individual members, including insurance companies and mutual funds, are exempt from TDS upon submission of specific declarations and self-attested copies of PAN cards and registration documents.

Non-resident members will have tax withheld at 20%, plus applicable surcharge and cess, unless they provide documents to claim benefits under Double Tax Avoidance Agreements (DTAA). To avail DTAA benefits, non-resident members must submit a self-attested copy of their PAN, a Tax Residency Certificate for FY 2026-27, and a self-declaration certifying their tax residency and beneficial ownership status.

Shareholders must submit all relevant forms, declarations, and documents to KFin Technologies Limited, the Registrar and Transfer Agent, via the designated portal or through custodians on or before August 16, 2026. The company specified that no communications regarding TDS will be accepted after this deadline. In cases of incomplete or incorrect information, the company will deduct tax at the maximum applicable rate.

Tax Deduction Rates for Residents

Key Deadlines

Indian Oil Corporation has received approval to expand its LNG terminal at Ennore, with plans to double the facility's regasification capacity, according to a newspaper report. The approved expansion will increase the terminal's regasification capacity from 5 million tonnes per annum to 10 million tonnes per annum, representing a significant scale-up of the company's natural gas infrastructure.

Ennore LNG Terminal Expansion Details

The Ennore LNG terminal, operated by Indian Oil Corporation, is a key component of India's natural gas import and distribution network. The approved capacity enhancement reflects a major upgrade to the facility's operational throughput. The following table summarises the key parameters of the approved expansion:

Significance of the Capacity Doubling

The approval to expand the Ennore LNG terminal's regasification capacity from 5 million tonnes per annum to 10 million tonnes per annum positions Indian Oil Corporation to significantly increase its LNG processing volumes at the facility. Ennore, located on India's eastern coast, serves as a strategic import terminal for liquefied natural gas. The doubling of regasification capacity at this terminal is expected to enhance the company's ability to handle larger volumes of imported LNG, strengthening its natural gas supply infrastructure. This development was reported by a newspaper, and no further operational or financial details were provided in the source.