Chennai Petroleum Corporation Limited (CPCL) has approved a 540% final dividend for the financial year 2025-26, as reported by ET Now. The company informed this through an exchange filing on April 24, 2026. The dividend is ₹54 per equity share of face value ₹10 each on the paid-up share capital, subject to approval at the upcoming Annual General Meeting.
According to the exchange filing, the record date for payment of the final dividend will be intimated in due course. The final dividend payment will be made within 30 days from the date of declaration at the AGM. This announcement comes in addition to the interim equity dividend of ₹8 per equity share that the company declared during FY 2025-26.
As reported by ET Now, Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), was formed as a joint venture in 1965 between the Government of Amoco and the National Iranian Oil Company (NIOC). It is one of the leading group companies of Indian Oil Corporation Limited (IOC). The company's shares are expected to remain in focus in the coming week following this dividend announcement.
