MRPL Declares ₹4 Interim Dividend For FY26; Board Fixes March 11 As Record Date

The board of Mangalore Refinery and Petrochemicals Ltd (MRPL) approved an interim dividend for FY2025-26, according to a regulatory filing submitted under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, triggering mild buying interest in the stock during Thursday’s session.

Interim Dividend And Board Decisions

The board authorised an interim dividend of ₹4 per equity share on fully paid-up shares with a face value of ₹10 each, representing a 40% payout for the financial year 2025-26, as disclosed in the company’s exchange communication dated March 3, 2026.

For the purpose of determining eligible shareholders, the company fixed Wednesday, March 11, 2026 as the record date in accordance with Regulation 42 of the SEBI LODR Regulations.

The company stated that the interim dividend will be paid on or before April 2, 2026 to shareholders whose names appear in the register of members or depository records as of the record date.

Alongside the dividend declaration, the board also recommended the appointment of M/s Kumar Naresh Sinha & Associates as Secretarial Auditor for a five-year term from FY2026-27 to FY2030-31, subject to shareholder approval at the forthcoming Annual General Meeting (AGM).

According to the annexure attached to the filing, the firm is a peer-reviewed practising company secretary firm led by Naresh Kumar Sinha, who previously served as Executive Director and Company Secretary at ONGC Ltd and has more than four decades of corporate secretarial and legal experience, including roles at major public sector enterprises.

The board meeting commenced at 16:00 hrs and concluded at 17:40 hrs, as per the disclosure signed by Premachandra Rao G, Company Secretary.

A brief technical note: Under Regulation 30 of SEBI LODR, listed entities must promptly disclose material board decisions, including dividend declarations and key managerial or audit appointments. Regulation 51 governs disclosures related to listed debt securities, ensuring uniform information dissemination to investors.

Stock Market Snapshot

Share price of MRPL traded higher in Thursday’s session following the disclosure.

As of 13:05 IST on March 5, 2026, the stock was quoted at ₹195.00, up ₹3.69 or 1.93% from the previous close of ₹191.31, according to exchange-reflected market data.

During the session so far, the stock opened at ₹193.50, touched a high of ₹202.32, and slipped to a low of ₹192.32 so far.

MRPL’s market capitalisation stood near ₹34,180 crore, with the stock trading at a price-to-earnings multiple of roughly 15.66 based on available market data. The 52-week range spans from ₹102.60 to ₹203.89.

The move placed the share close to its yearly peak, though the price later cooled from the early high.

Company Background

Mangalore Refinery and Petrochemicals Ltd, a subsidiary of Oil and Natural Gas Corporation (ONGC), operates a refinery complex in Mangaluru, Karnataka, with a refining capacity exceeding 15 million metric tonnes per annum.

The company processes a diverse crude slate and produces a range of petroleum products including diesel, petrol, aviation turbine fuel, naphtha and petrochemical feedstocks. MRPL also operates petrochemical units and associated infrastructure for product exports and domestic distribution.

As a downstream PSU within India’s energy sector, MRPL’s financial performance tends to track refining margins, crude price movements and product demand cycles.

Conclusion

The ₹4 interim dividend declaration and the appointment of a new secretarial auditor mark routine but relevant corporate actions disclosed by MRPL this week. The dividend carries a record date of March 11, 2026, with payment expected by April 2, 2026, while the auditor appointment remains subject to shareholder approval at the upcoming AGM.

The stock showed moderate gains in Thursday trading, though the longer-term trajectory will continue to hinge on refining margins and broader energy market dynamics.

Source:

• https://nsearchives.nseindia.com/corporate/MRPL_03032026185349_OutcomeSD03032026.pdf
• https://www.nseindia.com/get-quote/equity/MRPL/Mangalore-Refinery-and-Petrochemicals-Limited