Indian Oil Corporation has announced an interim dividend of ₹5.00 per share for the financial year 2025-26, with the Board of Directors fixing December 18, 2025 as the record date for determining eligible shareholders. The company has committed to distributing the dividend payment by January 11, 2026.

Dividend Declaration Details

The Board of Directors approved the interim dividend declaration at their meeting held on December 12, 2025. The dividend represents 50% of the face value of ₹10 per equity share. The following table outlines the key dividend parameters:

Tax Deduction at Source Guidelines

The company has issued comprehensive guidelines regarding Tax Deduction at Source (TDS) on the interim dividend payment. Under the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividend payments are taxable in the hands of shareholders, requiring the company to deduct tax at source.

TDS Rates for Resident Shareholders

TDS Rates for Non-Resident Shareholders

Document Submission Requirements

Shareholders seeking TDS exemptions or reduced rates must submit required documents to KFin Technologies Limited by December 17, 2025. The company has specified that no communications regarding TDS will be accepted after this deadline.

Required Documents for Exemptions

Board Meeting and Regulatory Compliance

The Board meeting commenced at 11:00 AM and concluded at 02:10 PM on December 12, 2025. The dividend declaration was communicated to both National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements). The record date has been fixed pursuant to Regulation 42 of SEBI (LODR) regulations.

Shareholder Services and Contact Information

For dividend-related queries and document submissions, shareholders can contact KFin Technologies Limited at their Hyderabad office or through their toll-free number 1800-309-4001. The company has emphasized the importance of updating personal details including PAN, bank account information, email addresses, and mobile numbers for seamless dividend processing.

Shareholders holding equity shares of Indian Oil Corporation as of the record date of December 18, 2025 will be eligible to receive the interim dividend payment. This distribution demonstrates the company's commitment to returning value to shareholders through regular cash payments while maintaining comprehensive tax compliance procedures.

Indian Oil Corporation Limited (IOCL), India's state-owned oil refining giant, has announced a significant change in its senior management. Shri Subrata Chaudhuri, who held the position of Executive Director-Finance at the company's Refineries Headquarters, has superannuated from service on November 30, 2025.

Senior Management Change

The retirement of Shri Subrata Chaudhuri marks a notable shift in IOCL's leadership structure. As Executive Director-Finance at the Refineries Headquarters, Chaudhuri was positioned one level below the Board of Directors, indicating the significance of his role within the organization.

Impact on IOCL's Operations

While the company has not provided specific details about the succession plan or the immediate impact of this retirement, changes at this level of management may potentially influence the financial strategies and operations of the refineries division.

About Indian Oil Corporation Limited

Indian Oil Corporation Limited is a major player in India's oil and gas sector. As a state-owned enterprise, IOCL plays a crucial role in the country's energy security and economic development. The company's operations span across the entire hydrocarbon value chain, from refining and pipeline transportation to marketing of petroleum products.

This management change comes at a time when the global oil industry is facing various challenges and opportunities, including fluctuating oil prices, the push for cleaner energy, and evolving market dynamics.