Outcome of the Board Meeting - Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.1. Declaration of Interim Dividend for the Financial Year 2025-26 at the rate %4/- on fully paid up equity shares of Rs. 10/- each ie.@ 40% for the Financial Year 2025-26. 2. Appointment of Secretarial Auditor has been recommended by the Board for approval of Shareholders in the ensuing Annual General Meeting.
MRPL · price
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MRPL's board has approved an interim dividend of Rs. 4 per share (40%) on equity shares of Rs. 10 face value for FY 2025-26. The record date for identifying eligible shareholders is March 11, 2026, with the dividend to be paid on or before April 2, 2026. The board has also recommended appointing M/s Kumar Naresh Sinha & Associates as the company's Secretarial Auditor for five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval at the upcoming AGM. The proposed auditor's lead, Naresh Kumar Sinha, brings over 40 years of experience, including senior company secretary roles at ONGC and BHEL. MRPL is a subsidiary of ONGC and a Government of India Schedule 'A' enterprise.
Investors holding MRPL shares as of the March 11, 2026 record date will receive a Rs. 4 per share dividend, offering a short-term cash return. The 40% interim dividend signals healthy cash generation by the refinery, which may support investor sentiment, while the auditor appointment is a routine governance matter pending shareholder nod.