Mangalore Refinery and Petrochemicals Limited has successfully completed the re-lodgement process for physical share transfers in compliance with SEBI regulatory requirements. The company processed a transfer request involving 200 equity shares of face value ₹10 each from its Investor Education and Protection Fund (IEPF) demat account.

Transfer Details and Regulatory Compliance

The share transfer process was initiated pursuant to SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, regarding the special window for re-lodgement of physical share transfers, and SEBI circular SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 dated November 6, 2018. The transfer involved shares that were previously transferred to the IEPF account but had underlying transfer documents executed prior to the IEPF transfer.

Public Notice and Objection Period

As part of the regulatory compliance process, Mangalore Refinery published the required advertisement in newspapers to notify stakeholders about the proposed transfer. The company completed the mandatory 30-day period from the date of advertisement publication, during which no objections were received regarding the transfer request.

Lock-in Period and Disclosure Requirements

Following the successful completion of the objection period, the transferred shares will be subject to a six-month lock-in period as mandated by regulatory guidelines. The company has committed to hosting this transfer information on its official website to ensure transparency and compliance with disclosure 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 and is listed on both BSE (scrip code: 500109) and NSE (symbol: MRPL) with ISIN INE103A01014.

Mangalore Refinery & Petroleum Limited (MRPL) has outlined its expectations for strong operational performance in Q4 FY26, citing anticipated ongoing market support. The company has also announced its strategic intention to further reduce its current debt levels in the coming quarter.

Current Financial Position

The refinery currently carries a total debt burden of ₹9,290.00 crore, which represents a significant component of its capital structure. The company's management has identified debt reduction as a key priority for the upcoming quarter.

Strategic Debt Reduction Plans

MRPL has expressed its commitment to further reducing its debt levels in the next quarter, though this initiative remains contingent on prevailing market conditions. The company's approach reflects a cautious yet optimistic stance toward financial management, balancing growth opportunities with fiscal responsibility.

Market Outlook and Performance Expectations

The company anticipates good performance in Q4 FY26, supported by expected favorable market dynamics. This positive outlook forms the foundation for the company's debt reduction strategy, as improved operational performance would provide the necessary cash flows to support deleveraging efforts.

The success of MRPL's debt reduction plans will largely depend on market conditions remaining favorable throughout the target period. The company's management appears confident in the underlying market support that could facilitate both operational excellence and financial optimization.