CPCL's 60th AGM: Approves Dividends, Appoints Directors, and Highlights Record Performance
CPCL's 60th AGM on August 26, 2026, approved dividends and director appointments. The company reported record FY26 performance with ₹3,061.85 crore PAT and ₹62/share dividend. CPCL achieved Navratna status and saw strong Q1 FY27 results with ₹1,016 crore PAT. Entry into retail marketing under the SOOPER brand was highlighted.
The AGM covered significant corporate actions including dividend declarations, board appointments, and, more importantly, highlighted record financial results, a prestigious Navratna status upgrade, and strategic expansion into retail marketing, all of which have a substantial impact on the company's valuation and future prospects.
The announcement details record financial and operational performance, a significant upgrade in company status to Navratna, and strong forward-looking statements regarding growth and new business ventures, all contributing to a positive sentiment.
Chennai Petroleum Corporation Limited (CPCL) held its 60th Annual General Meeting (AGM) on Wednesday, August 26th, 2026, commencing at 12:00 HRS and concluding at 13:47 HRS. The meeting, conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM), saw the shareholders approve several key items of business.
Key resolutions included the adoption of Audited Financial Statements (Standalone and Consolidated) for the financial year 2025-26. Shareholders also approved the declaration of a Preference dividend of 6.65% (₹0.665 per Preference share) amounting to ₹15.94 Crore for the year 2025-26, and a Final Equity dividend of ₹54 per Equity Share for the same year. Additionally, the AGM approved the appointment of directors, including Mr. S.G. Venkatesh as Director (Technical) and Mr. V.C. Asokan as a Nominee Director, and ratified the remuneration of the Cost Auditor for 2026-27.
The Chairman's speech highlighted a record operational performance for FY 2025-26, with the highest-ever crude throughput of 11.710 MMTPA (112% capacity utilization) and a Distillate Yield of 79.1%. The company achieved a Profit After Tax of ₹3,061.85 crore, a significant jump from ₹173.53 crore in the previous year, leading to an earnings per share of ₹205.62. The highest-ever dividend of ₹62 per share was recommended for FY 2025-26. CPCL also achieved its lowest-ever Debt-Equity Ratio of 0.18 and incurred a CAPEX of ₹866 crore. The company was upgraded from Miniratna Schedule-A to Navratna status by the Government of India on June 19th, 2026. Furthermore, CPCL recorded a turnover of ₹29,358 crore and a Profit After Tax of ₹1,016 crore in Q1 FY 2026-27, a substantial improvement from a loss in the corresponding quarter of the previous year. The company has also entered the retail fuel marketing business under the SOOPER brand, with three outlets commissioned and 50 targeted for FY 2026-27.
The remote e-voting facility was open from August 22nd, 2026, to August 25th, 2026, with e-voting also available during the AGM. The results of the voting will be disseminated to the stock exchanges and uploaded on the company's website.
A plain-language summary of a public exchange filing by Chennai Petroleum Corporation Limited. Read the original for the full detail.