MANGALORE REFINERY & PETROCHEMICALS LTD.

Mangalore Refinery and Petrochemicals Ltd (MRPL) announced that the High Court of Karnataka dismissed an appeal filed by the Department against a CESTAT order, which was previously issued in MRPL's favor. The case involved the denial of CENVAT Credit amounting to ₹21,73,76,67,082 (₹2173.77 Crore), plus applicable interest and penalty, for the period April 2010 to December 2014. The dispute centered on CENVAT Credit availed on capital goods used in manufacturing plant and machinery embedded in the earth, which the Department argued constituted immovable property. The High Court's decision upholds the CESTAT order, resulting in no financial implication for MRPL, as no demand existed following the favorable CESTAT ruling.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced financial support of ₹90 lakh to the family of Shri Manish Karkada, who tragically passed away in a fire incident at the Coker Hydrotreater Unit (CHTU) on September 30, 2026. In addition to this direct support, the family will receive approximately ₹10 lakh under Group Term Life Insurance (GTLI) and ₹20 lakh under the Workmen Compensation Policy (WCP), bringing the total financial and insurance benefits to approximately ₹1.20 crore. MRPL is also in discussions regarding Mediclaim insurance for the secondary workforce, with finalization expected within four weeks after consultation with local authorities. The company reiterated its commitment to employee safety and welfare.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has confirmed the cancellation of its fuel export tenders following a fire incident at its site. The company stated that the tenders were withheld and withdrawn anticipating potential operational disruptions. MRPL had previously intimated the stock exchanges about the fire incident on September 30, 2026. The export tenders are expected to be refloated soon after a thorough evaluation of the situation. The company clarified that the incident had no material impact on its commercial operations. MRPL also confirmed that no negotiations for such tenders were ongoing and that there was no unannounced information that could explain any trading movements.

Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a fire incident today, September 30, 2026, originating from a rupture in a Cold Separator in the Coker Hydrotreater Unit. The fire, which started around 12:20 hrs, was brought under control and extinguished by 14:47 hrs. Tragically, one deceased person was found during inspection operations. Another individual sustained burn injuries and is receiving hospital treatment. The affected unit's battery limits were immediately isolated, and MRPL's emergency response teams were deployed. Further updates will be provided as information becomes available.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced the appointment of Shri Mohit Kumar Aggarwal as a Government Nominee Director on its Board. The appointment, effective September 29, 2026, is for a period of three years or co-terminus basis, or until further orders, whichever is earlier. Shri Aggarwal, a Deputy Secretary in the Ministry of Petroleum & Natural Gas (MoP&NG), is an Indian Telecommunications Service (ITS) professional. He is not debarred from holding directorships and is eligible under Section 164 of the Companies Act, 2013. This change is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mangalore Refinery and Petrochemicals Ltd (MRPL) experienced a fire incident today, September 30, 2026, due to a rupture in the Cold Separator of the Coker Hydrotreater Unit. The affected unit has been isolated, and MRPL's emergency response teams successfully brought the fire under control. While firefighting operations may continue for some time, the company has reported one minor injury, which has been attended to and the individual is out of danger. Safety of personnel and the facility remains the highest priority. MRPL assures there is no reason for panic and will share further verified information as it becomes available.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced a closure of its trading window for dealing in the company's shares. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from October 01, 2026, until 48 hours after the conclusion of the Board Meeting where the un-audited financial results for the second quarter and half-year ended September 30, 2026, will be approved. The exact date of the board meeting will be communicated later.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has responded to a BSE query regarding a significant increase in its share trading volume. The company clarified that there is no unpublished price-sensitive information or event that requires disclosure under SEBI regulations. MRPL stated that any movement in its share volume is driven by market forces. This clarification comes in response to an email from the BSE Surveillance team seeking an explanation for the recent surge in trading activity.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced the appointment of M/s. Ram Raj & Co., Chartered Accountants, Bengaluru and M/s. A Raghavendra Rao & Associates, Chartered Accountants, Mangaluru, as its Statutory Auditors for the Financial Year 2026-27. This appointment was conveyed by the Office of the Comptroller and Auditor General of India and received by the company on September 09, 2026. The profiles of both auditing firms have been provided.

Mangalore Refinery and Petrochemicals Ltd (MRPL) has been penalized ₹14,19,540 each by both the BSE and NSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The violations pertain to the composition of the Board and Sub-committees for the quarter ended June 30, 2026. MRPL has represented to the exchanges for a waiver, citing that director nominations are made by the Ministry of Petroleum and Natural Gas, as it is a Central Public Sector Enterprise (CPSE). The total fine, including GST, amounts to ₹28,39,080.