Southern Petrochemical Industries Corporation Ltd has confirmed that 1,52,34,375 equity shares held by it as a promoter in Tamilnadu Petroproducts Limited are not encumbered during the Financial Year 2025-26. The confirmation, addressed to the stock exchanges, asserts that the shares are free from any direct or indirect encumbrance for the specified period.

The disclosure was submitted pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter, signed by R Swaminathan, Company Secretary, was dispatched to the Listing Departments of the National Stock Exchange of India Limited and BSE Limited on April 8, 2026.

Regulatory Filing Details

The filing serves as a formal declaration to the exchanges regarding the status of the promoter's holding. The confirmation covers the entire Financial Year 2025-26 and ensures compliance with the regulatory framework governing substantial acquisitions and takeovers.

Key Disclosure Information

The request was made to the exchanges to take the disclosure on record.

Tamilnadu Petroproducts has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a full-year net profit of ₹88.76 crore, a significant increase compared to ₹51.42 crore in the previous fiscal year. For the fourth quarter, the company recorded a net profit of ₹5.83 crore. The Board of Directors has recommended a dividend of ₹1.50 per share (15%) for the financial year 2025-26, subject to shareholder approval.

FY26 Financial Performance

Revenue from operations for the financial year 2025-26 stood at ₹1,489.01 crore, down from ₹1,846.71 crore in FY 24-25. Despite the decline in revenue, the company improved its bottom line through cost discipline and operational efficiency. Profit Before Tax (PBT) before exceptional items rose to ₹112.49 crore from ₹52.62 crore in the prior year. The company disclosed an exceptional item income of ₹7.02 crore for the year, primarily related to insurance receivables of ₹7.62 crore for plant restoration activities following the Michaung cyclone.

Q4 Performance and Dividend

In the fourth quarter of FY26, the company reported revenue of ₹125.59 crore and an EBITDA of ₹20.31 crore. Net profit for the quarter was ₹5.83 crore, compared to ₹24.91 crore in the same period last year. The Board of Directors has recommended a dividend of ₹1.50 per share (15%) for the financial year 2025-26, subject to shareholder approval. This is an increase from the 12% dividend declared in the previous year.