Mangalore Refinery and Petrochemicals Limited (MRPL) announced the outcome of its Board Meeting held on March 3, 2026. The Board approved an Interim Dividend of ₹4/- per share (40%) for FY 2025-26, setting the Record Date for March 11, 2026. Additionally, the Board recommended the appointment of M/s Kumar Naresh Sinha & Associates as the Secretarial Auditor for five years, commencing FY 2026-27.
Key Decisions from Board Meeting
The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL) convened on March 03, 2026, to approve several critical items, including financial distribution and statutory appointments, as detailed in this disclosure.
Declaration of Interim Dividend
The Board sanctioned the declaration of an Interim Dividend for the Financial Year 2025-26. The dividend rate is set at ₹4/- per fully paid-up equity share of ₹10/- each, equating to a rate of 40%.
Dividend Timeline Details
- The Record Date, established to determine eligible shareholders, is fixed as Wednesday, March 11, 2026.
- The payment of the Interim Dividend to eligible shareholders is scheduled to occur on or before April 02, 2026.
Appointment of Secretarial Auditor
The Board has recommended that shareholders approve the appointment of a new Secretarial Auditor for the company during the upcoming Annual General Meeting (AGM).
Auditor Details
The recommended firm is M/s Kumar Naresh Sinha & Associates, Practicing Company Secretary. This appointment is for a term covering five consecutive years, commencing from the Financial Year 2026-27 and concluding with FY 2030-31.
Shri. Naresh Kumar Sinha, the proprietor, brings substantial experience, including serving as ED & Company Secretary of ONGC Limited and holding over 40 years of experience in secretarial roles across various PSUs and Private Sector Companies, including BHEL.
The meeting commenced at 16:00 hrs and concluded at 17:40 hrs.
Source: BSE
