MRPL Declares Interim Dividend of 40%, Fixes Record Date for March 11
MRPL's Board approved a 40% interim dividend for FY25-26, with ₹4 per share. The record date is March 11, 2026, and payment will be made by April 2, 2026. The Board also recommended appointing Kumar Naresh Sinha & Associates as Secretarial Auditor for five years, pending shareholder approval.
The interim dividend directly benefits shareholders. The appointment of a secretarial auditor is a routine corporate governance measure with a less immediate financial impact but is important for compliance.
The declaration of an interim dividend is a positive development for shareholders, indicating the company's profitability and commitment to returning value.
Mangalore Refinery and Petrochemicals Limited (MRPL) announced the outcome of its Board Meeting held on March 03, 2026. The Board approved the declaration of an interim dividend at the rate of 40% for the Financial Year 2025-26, which translates to ₹4 per fully paid-up equity share of ₹10 each.
As per Regulation 42 of SEBI (LODR), the company has fixed Wednesday, March 11, 2026, as the Record Date to determine the eligibility of shareholders for this interim dividend. The payment of the interim dividend to eligible shareholders is scheduled to be made on or before April 02, 2026.
Furthermore, the Board has recommended the appointment of M/s Kumar Naresh Sinha & Associates, Practicing Company Secretary, as the Secretarial Auditor for a term of five consecutive years, commencing from FY 2026-27 till FY 2030-31. This appointment is subject to the approval of the shareholders at the upcoming Annual General Meeting. The Board Meeting commenced at 16:00 hrs and concluded at 17:40 hrs.
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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.