The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL) convened on March 03, 2026, to approve key corporate actions. The Board declared an Interim Dividend of ₹4/- per equity share (40% on the ₹10 face value) for FY 2025-26, setting March 11, 2026, as the Record Date. Additionally, the Board recommended the appointment of M/s Kumar Naresh Sinha & Associates as the company’s Secretarial Auditor for five years, starting FY 2026-27.
Key Decisions from the Board Meeting
On March 03, 2026, the Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL) finalized several critical resolutions concerning shareholder returns and statutory compliance. The meeting commenced at 16:00 hrs and concluded at 17:40 hrs.
1. Declaration of Interim Dividend
The primary financial outcome was the approval of an Interim Dividend for the Financial Year 2025-26. The dividend rate set is ₹4/- per fully paid-up equity share, which equates to a 40% dividend on the ₹10/- face value.
- Record Date: The Board fixed Wednesday, March 11, 2026, to determine the eligibility of shareholders for this dividend payment.
- Payment Timeline: The distribution of the Interim Dividend to eligible shareholders is scheduled to occur on or before April 02, 2026.
2. Recommendation for Secretarial Auditor Appointment
The Board recommended the appointment of a new firm to serve as the company’s Secretarial Auditor, pending shareholder approval at the next Annual General Meeting (AGM).
Auditor Details
The recommended firm is M/s Kumar Naresh Sinha & Associates, Practicing Company Secretaries. This firm is noted as a peer-reviewed firm.
- Term of Appointment: The appointment is for a consecutive term of five years, commencing from the Financial Year 2026-27 through FY 2030-31.
- Lead Auditor: The individual auditor is Shri. Naresh Kumar Sinha (COP No: 14984).
Profile Highlights of Shri. Naresh Kumar Sinha
Shri. Naresh Kumar Sinha possesses extensive experience, including Ten years of practice as a Company Secretary. His professional background includes significant roles at major public sector undertakings (PSUs), such as serving as ED & Company Secretary of ONGC Limited, a Maharatna PSU. He has over 40 years of rich experience covering both PSUs and Private Sector Companies, including service as Company Secretary and Head Legal of BHEL.
The detailed profile confirms that there are No Applicable disclosures of relationships between directors, as this is an appointment of an auditor, not a director.
Source: BSE
