Chennai Petroleum Corporation Limited (CPCL) has announced its record date for the final equity dividend for the financial year 2025-26. The Board of Directors has recommended a dividend of Rs. 54/- per share. The record date has been fixed as Friday, August 7, 2026, to determine the eligibility of shareholders for this dividend. Members are also reminded of the TDS implications on dividend payments.
CPCL Announces Final Dividend Record Date
Chennai Petroleum Corporation Limited (CPCL) has officially communicated the record date for its final equity dividend for the financial year 2025-26. Following a recommendation from its Board of Directors, the company has set Friday, August 7, 2026, as the date for ascertaining the eligibility of members to receive the proposed final equity dividend. This dividend is subject to the approval of shareholders at the forthcoming Annual General Meeting (AGM).
Dividend Details and Shareholder Information
The recommended final equity dividend amounts to Rs. 54/- per equity share. This represents an equity dividend of 540% on the paid-up equity share capital, with each share having a face value of Rs. 10/-. If approved by the members, the dividend will be paid within 30 days from the date of the AGM.
Tax Deducted at Source (TDS) on Dividend
CPCL also highlighted that, as per the Income Tax Act, 2025, dividends are taxable in the hands of members. The company will be mandated to deduct tax at source (TDS) at the time of payment. To assist CPCL in determining the applicable TDS rate, members are requested to submit the necessary documents by Friday, August 14, 2026. Further details regarding TDS on dividends are available on the company’s investor relations portal.
Source: BSE
