Tamilnadu Petroproducts Limited reported a net profit of ₹88.76 crore for FY26, a 72.58% jump over ₹51.43 crore in FY25, even as revenue from operations declined 19.74% to ₹1,466.14 crore.

The company has scheduled its 41st Annual General Meeting (AGM) on Friday, September 25, 2026 at 2:00 PM (IST) through Video Conferencing/Other Audio-Visual Means. The AGM notice and Annual Report for FY26 were dispatched to shareholders on September 1, 2026.

FY26 Financial Performance

Despite a challenging operating environment marked by a planned shutdown of the Linear Alkyl Benzene (LAB) plant and persistent pricing pressures, the company delivered a significant improvement in profitability through cost optimisation and improved net realisations.

The EBITDA margin expanded sharply to 10.55% in FY26 from 4.61% in FY25, reflecting the effectiveness of cost management and improved product mix. The company's net worth stood at ₹914.85 crore as at March 31, 2026, compared to ₹836.88 crore in the previous year.

Dividend and Capital

The Board has recommended a dividend of 15%, i.e., ₹1.50 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the AGM. The total dividend outgo is ₹13.49 crore (₹13,49,57,211), absorbing dividend on 8,99,71,474 equity shares. The dividend record date for shares held in electronic form is September 17, 2026, while for physical shares it is September 25, 2026.

The Register of Members and Share Transfer books will remain closed from September 18, 2026 to September 25, 2026 (both days inclusive).

Key AGM Agenda

The following business items are proposed at the 41st AGM:

• Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026
• Declaration of dividend of ₹1.50 per equity share for FY26
• Re-appointment of Mr. S Senthil Kumar (DIN: 00131558) as Director, retiring by rotation
• Appointment of Mr. Sanket Balvantrao Waghe, IAS (DIN: 11865401) as Director
• Approval of Special Performance Incentive of ₹15 lakh to Managing Director Mr. D Senthil Kumar for FY26
• Ratification of remuneration of ₹1.75 lakh to Cost Auditors M/s. B Y & Associates for FY27
• Approval of remuneration totalling ₹49 lakh to Non-Executive Directors for FY26

Operational Highlights

The LAB plant revamp, enhancing capacity from 120 KTPA to 145 KTPA, was successfully completed and commissioned on March 11, 2026. As of March 31, 2026, ₹359 crore was spent on the LAB revamp project. The Caustic Soda plant modernisation, increasing capacity from 150 TPD to 250 TPD, was also completed with ₹216 crore spent as of March 31, 2026.

Renewable power consumption increased to 92.3% during FY26 compared to 80% in FY25. The company's manpower strength as on March 31, 2026 was 437.

Credit Rating

CARE Ratings reaffirmed the rating on the Long Term loan facility of ₹316 crore (enhanced from ₹291 crore) as CARE A+; Stable and the Short/Long term loan facility of ₹105 crore (reduced from ₹115 crore) as CARE A+; Stable / CARE A1+, vide letter dated December 22, 2025.

E-Voting and AGM Participation

The remote e-voting window opens on Monday, September 21, 2026 at 9:00 AM IST and closes on Thursday, September 24, 2026 at 5:00 PM IST. The cut-off date for determining shareholder eligibility is September 18, 2026. CDSL has been engaged as the e-voting service provider. Shareholders wishing to register as speakers may do so via the RTA portal between 9:00 AM on September 17, 2026 and 5:00 PM on September 19, 2026.

Tamil Nadu Petro Products has confirmed September 17, 2026, as the record date for shareholders eligible to receive the final dividend for FY26. The company declared a dividend of ₹1.50 per equity share of ₹10 each, following a strong operational recovery in Q1FY27 where standalone net profit surged 134% year-on-year to ₹7,782 lakh. This confirmation provides clarity on entitlement timelines for investors ahead of the upcoming Annual General Meeting.

The record date intimation was issued by Company Secretary Sangeetha Sekar on August 12, 2026, pursuant to the Board’s earlier approval on August 11, 2026. Shareholders holding physical shares must be on the register by September 25, 2026, while those holding electronic shares are covered by the September 17 deadline. The Register of Members will remain closed from September 18, 2026, to September 25, 2026, to facilitate this process. Upon approval at the AGM, scheduled for September 25, 2026, the dividend will be paid within 30 days.

Financial Performance Context

The dividend declaration comes against a backdrop of robust financial performance in the quarter ended June 30, 2026. Revenue from operations rose 68% year-on-year to ₹7,779.2 lakh on both standalone and consolidated bases, driven by the resumption of full-scale manufacturing after a planned shutdown in the previous quarter. Consolidated net profit climbed 127% to ₹8,011 lakh. EBITDA expanded significantly to ₹1.21 billion from ₹473 million in Q1FY26, with margins improving to 15.50% from 10.22%, reflecting enhanced operating leverage and capacity utilization.

Corporate Governance Updates

In addition to the financial results, the Board appointed Sanket Balvantrao Waghe, IAS, as an Additional Director under the Non-Executive Non-Independent category, effective August 11, 2026. Waghe, a 2021 batch IAS Officer and Executive Director of Tamilnadu Industrial Development Corporation Limited (TIDCO), was nominated by the promoter. His appointment requires member approval in compliance with Regulation 17(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also appointed M/s. B Y & Associates, Cost Accountants, as Cost Auditors for FY27.

What the Numbers Show

The sharp rebound in profitability is primarily attributed to the normalization of operations following the completion of the LAB and HCD expansion project. Ashwin Muthiah, Vice Chairman, highlighted cost-led operational efficiencies and improved capacity utilization as key drivers. Despite rising input costs due to geopolitical tensions in the Middle East, lower import pressures supported overall performance. A material disclosure notes that the leasehold land for one manufacturing unit expired on June 12, 2020, with a renewal request pending with the Government of Tamil Nadu. Management has accounted for the Right of Use Asset and lease liability under Ind AS 116 based on estimated renewal terms, noting that non-renewal impacts remain unascertainable.