MRPL Declares 40% Interim Dividend; Sets Record Date for March 11
MRPL declared a 40% interim dividend (₹4 per share) for FY25-26. The record date is March 11, 2026, with payment by April 2, 2026. M/s Kumar Naresh Sinha & Associates appointed Secretarial Auditor for FY26-27 to FY30-31, pending shareholder approval.
The interim dividend provides a direct financial benefit to shareholders. The appointment of a new secretarial auditor is a routine corporate governance measure with a moderate impact.
The declaration of an interim dividend is a positive development for shareholders, indicating the company's financial health and commitment to returning value.
Mangalore Refinery and Petrochemicals Limited (MRPL) announced the declaration of an interim dividend of 40% for the Financial Year 2025-26. The dividend rate is ₹4 on fully paid-up equity shares of ₹10 each.
The Board of Directors has fixed Wednesday, March 11, 2026, as the record date for determining the eligibility of shareholders for this interim dividend. The dividend payment is scheduled to be made on or before April 02, 2026.
Additionally, the Board has recommended the appointment of M/s Kumar Naresh Sinha & Associates, Practicing Company Secretary, as the Secretarial Auditor of the company. This appointment is proposed for a term of five consecutive years, commencing from FY 2026-27 till FY 2030-31, and will be subject to the approval of the shareholders in the upcoming Annual General Meeting. Shri Naresh Kumar Sinha, proprietor of the firm, has extensive experience, including a prior role as ED & Company Secretary of ONGC Limited.
What to do with a filing like this
Mangalore Refinery and Petrochemicals Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Mangalore Refinery and Petrochemicals Limited. Read the original for the full detail.