Mangalore Refinery and Petrochemicals Limited has completed the disbursement of its interim dividend for the Financial Year 2025-26, paying ₹4 per share to eligible shareholders on March 24, 2026. The dividend payment represents a significant return to investors and demonstrates the company's commitment to shareholder value creation.

Dividend Payment Details

The Board of Directors of Mangalore Refinery and Petrochemicals Limited declared the interim dividend at their meeting held on March 03, 2026. The dividend structure and payment specifics are outlined below:

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing both major stock exchanges about the dividend payment completion. As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MRPL notified:

• BSE Limited: Scrip Code 500109 with ISIN INE103A01014
• National Stock Exchange of India Limited: Symbol MRPL, Series EQ with ISIN INE103A01014

The notification was signed by Premachandra Rao G, Company Secretary, ensuring proper documentation and compliance with listing requirements.

Company Background

Mangalore Refinery and Petrochemicals Limited operates as a Schedule 'A' Government of India Enterprise and functions as a subsidiary of Oil and Natural Gas Corporation Limited. The company maintains ISO 9001, 14001, and 50001 certifications, reflecting its commitment to quality, environmental management, and energy efficiency standards.

This interim dividend payment reinforces MRPL's financial stability and its ability to generate returns for shareholders during the ongoing financial year. The timely disbursement on March 24, 2026, ensures eligible shareholders receive their dividend payments as scheduled.

Mangalore Refinery and Petrochemicals Limited has received a significant regulatory communication from GST authorities regarding Input Tax Credit issues spanning multiple financial years. The oil refining company disclosed the matter to stock exchanges under SEBI listing regulations on 31st March 2026.

Order Details and Financial Implications

The mangalore refinery & petroleum received Order-in-Original SI No MLR-CGST-000-NDN-ADC-SC-21-2025-26 from the Office of the Commissioner of Central Excise & Central Tax, Mangaluru on 30th March 2026 at 12:02 PM. The order addresses various issues related to the availment of Goods and Services Tax Input Tax Credit for an extended period.

Company's Response and Legal Strategy

MRPL has indicated that the financial impact would not be significant given the company's size and scale of operations. The management has expressed confidence in challenging the order, stating that the Order-in-Original is "not justified and unsustainable in law."

The company plans to take the following actions:

• Review the complete order thoroughly
• File an appeal against the order with appropriate legal authorities
• Ensure compliance with prescribed timelines for the appeal process

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically under the provision for communication from regulatory authorities. The company submitted Form-A detailing all aspects of the regulatory communication as required by SEBI guidelines.

The company has maintained that no specific aberrations or non-compliances were identified by the authority in the communication, and the matter primarily relates to GST Input Tax Credit availment issues that arose from a Show Cause Notice issued by the GST Department.