BENGALURU — The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), has approved a 40% interim dividend for the financial year 2025–26 and recommended the appointment of a new Secretarial Auditor for a five-year term.
Interim Dividend Announced
The Board declared an interim dividend of ₹4 per equity share, representing 40% of the face value of ₹10 per share.
Key dates:
- Record Date: March 11, 2026
- Payment Date: On or before April 2, 2026
Shareholders whose names appear in the company’s register of members as of the record date will be eligible to receive the dividend.
Appointment of Secretarial Auditor
The Board has recommended the appointment of M/s Kumar Naresh Sinha & Associates, a peer-reviewed firm of practicing Company Secretaries, as the company’s Secretarial Auditor for five consecutive financial years, from FY 2026–27 through FY 2030–31. The appointment is subject to shareholder approval at the upcoming Annual General Meeting.
The firm is led by Shri Naresh Kumar Sinha, who brings more than four decades of experience in corporate law and secretarial practice. Before entering private practice, he served as Executive Director and Company Secretary at ONGC and previously held senior roles, including Company Secretary and Head of Legal at Bharat Heavy Electricals Limited (BHEL). He currently serves as Secretarial Auditor for several listed and unlisted companies, including public sector undertakings.
Board Meeting and Regulatory Compliance
The Board meeting began at 4:00 p.m. and concluded at 5:40 p.m. on March 3, 2026.
The disclosures were made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI circular dated September 9, 2015.
About MRPL
MRPL is a Schedule ‘A’ Government of India enterprise and a subsidiary of ONGC. The company operates one of India’s leading refineries and maintains a significant presence in the petrochemicals sector. It is certified under ISO 9001, ISO 14001, and ISO 50001 standards.