Chennai Petroleum Corporation Limited (CHENNPETRO) — Corporate Action

📢 Key Event
Chennai Petroleum declares 540% final equity dividend per share pending AGM approval

🔄 What Changed
Final equity dividend increased to 540% (Rs. 54/share) from prior periods, preference dividend of 6.65% (Rs. 15.94 crore) recommended, and current ratio improved to 1.43

🔮 What's Next
Dividend approval required at the upcoming Annual General Meeting

💡 Investor Takeaway
Shareholders receive significant dividend payouts pending approval, enhancing returns amid stable financial performance

Chennai Petroleum Corporation Limited announced a final equity dividend of 540% (Rs. 54 per share) for FY 2025-26, subject to shareholder approval at the AGM, alongside an interim dividend of Rs. 8 per share and a 6.65% preference dividend totaling Rs. 15.94 crore. The audited annual revenue reached Rs. 7,861.07 crore with a net profit of Rs. 30,618.50 lakh, reflecting improved margins and financial stability. The unmodified audit confirms compliance, though governance gaps persist with board composition not meeting SEBI norms. Shareholders must approve the dividend recommendations, which underscore shareholder returns amid sector-specific performance.

📄 View Original Announcement (PDF)

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