Mangalore Refinery and Petrochemicals Limited (MRPL) — Board Meeting Announcement

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📢 Key Event
Board approved audited financial results and proposed final dividend of ₹4 per share.

🔄 What Changed
Effective tax rate reduced to 25.168% from 34.044%; deferred tax asset reduced by ₹1,140.98 crore.

🔮 What's Next
Adoption of lower tax rate under Section 200 of Income Tax Act, 2028 from FY 2026-27.

💡 Investor Takeaway
The tax optimization may improve profitability, but deferred tax asset uncertainty remains.

The Board of Mangalore Refinery and Petrochemicals Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with a recommendation of a final dividend of ₹4 per share (40%) totaling ₹701.04 crore. The company disclosed an intention to adopt a lower tax rate under the new Income Tax Act, 2028, effective from FY 2026-27, projecting an effective tax rate of 25.168% compared to the previous 34.044%. The auditor issued an unmodified opinion, confirming compliance with SEBI LODR and Indian Accounting Standards, and noted no material uncertainty regarding going concern. Deferred tax assets were adjusted with a reduction of ₹1,140.98 crore due to uncertainty in future taxable income.

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About Mangalore Refinery and Petrochemicals Limited (MRPL)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

Market Cap: ₹26,345.06 Cr P/E: 32.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Mangalore Refinery and Petrochemicals Limited (MRPL) — Board Meeting Announcement

About Mangalore Refinery and Petrochemicals Limited (MRPL)

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