StockWatch
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Refineries & Marketing
Dividend24 Apr 2026, 01:31 pm

Chennai Petroleum recommends final dividend of ₹54/share

AI Summary

Chennai Petroleum Corporation Ltd's Board of Directors has recommended a final equity dividend of ₹54 per share (540%) for the Financial Year 2025-26. This proposed dividend is in addition to the interim equity dividend of ₹8 per share already declared during FY 2025-26, bringing the total dividend for the year to ₹62 per share. The final dividend is subject to approval by shareholders at the upcoming Annual General Meeting and will be paid within 30 days of its declaration at the AGM. The Board also recommended a preference dividend of 6.65% on outstanding preference shares, amounting to ₹15.94 Cr. Additionally, the company attached its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, which received an unmodified audit opinion.

Key Highlights

  • Board recommended a final equity dividend of ₹54 per share (540%) for FY26.
  • This is in addition to the interim dividend of ₹8 per share for FY26.
  • Total dividend for FY26 amounts to ₹62 per equity share.
  • Final dividend is subject to shareholder approval at the upcoming AGM.
  • Audited financial results for Q4 and FY26 were also approved.