The Board of Directors of MRPL, following their meeting on March 3, 2026, announced the declaration of an Interim Dividend for FY 2025-26 at a rate of ₹4/- per equity share (40%). The Board also fixed March 11, 2026, as the Record Date for determining eligible shareholders. Furthermore, the Board recommended the appointment of M/s Kumar Naresh Sinha & Associates as the new Secretarial Auditor for five years starting FY 2026-27.
Key Decisions from the Board Meeting
The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL) convened on March 03, 2026, and approved two significant items following the guidelines outlined in their earlier regulatory filing dated February 24, 2026.
Interim Dividend Declaration for FY 2025-26
The Board officially declared an Interim Dividend for the Financial Year 2025-26. The dividend rate is set at ₹4/- on fully paid-up equity shares of ₹10/- each, translating to a rate of 40%.
- Record Date: Wednesday, March 11, 2026, has been fixed as the Record Date to ascertain eligibility for the dividend payment.
- Payment Date: The Interim Dividend is scheduled to be paid to eligible shareholders on or before April 02, 2026.
Appointment of Secretarial Auditor
The Board also recommended the appointment of a new firm to serve as the company’s Secretarial Auditor for an extended period. This recommendation requires the approval of the Shareholders at the forthcoming Annual General Meeting (AGM).
Details of Recommended Auditor:
The proposed auditor is M/s Kumar Naresh Sinha & Associates, Practicing Company Secretaries, which is noted as a Peer-reviewed firm.
The term of the appointment covers five consecutive years, commencing from the Financial Year 2026-27 through FY 2030-31.
The proprietor, Shri. Naresh Kumar Sinha, possesses significant experience, including serving as ED & Company Secretary of ONGC Limited, a Maharatna PSU, and holds over 40 years of rich experience in secretarial roles across PSUs and private companies, including BHEL.
Meeting Concluded
The Board Meeting commenced at 16:00 hrs and concluded successfully at 17:40 hrs on the date of the announcement.
Source: BSE
