CPCL 60th AGM 2026: ₹54 Dividend and Key Dates

Chennai Petroleum Corporation Limited (CPCL) has scheduled its 60th Annual General Meeting (AGM) for Monday, August 24, 2026. The meeting will be held through Video Conference/Other Audio-Visual Means (VC/OAVM), with the proceedings deemed to take place at the company’s registered office in Chennai.

The core items on the agenda include shareholder approval for a final equity dividend of ₹54 per share for FY 2025-26 and a preference dividend proposal. Shareholders will also vote on board-related resolutions, including appointments of directors, and the ratification of cost auditor remuneration.

AGM format and what shareholders will consider

CPCL said the AGM will present the audited standalone and consolidated financial statements for FY 2025-26 and seek approvals for routine corporate matters. Participation through VC/OAVM will be counted towards quorum under Section 103 of the Companies Act, 2013.

The company has appointed KFin Technologies Limited as the Registrar and Transfer Agent (RTA) to support VC/OAVM participation and the e-voting process. Chitra Lalitha & Associates, Company Secretaries, has been appointed as the scrutinizer for the voting process.

Final equity dividend proposal: ₹54 per share

A key resolution at the 60th AGM is the proposed final equity dividend of ₹54 per share for FY 2025-26, subject to shareholder approval. CPCL has communicated a record date to determine eligibility for the equity dividend.

Shareholders who hold CPCL equity shares as on the record date will be eligible to receive the dividend if it is approved at the AGM. The record date has been set as Friday, August 7, 2026.

Preference dividend: 6.65% and ₹15.94 crore payout

In addition to the equity dividend, CPCL is proposing a preference dividend of 6.65%, stated as ₹0.665 per preference share. The company indicated this applies to outstanding preference shares up to their redemption date of September 23, 2025.

The preference dividend amount mentioned for FY 2025-26 is ₹15.94 crore. This proposal is also part of the AGM agenda.

Key dates: record date, cut-off date, and e-voting window

CPCL has shared a detailed schedule covering the record date, the cut-off date for AGM participation, and the remote e-voting timeline. Shareholders tracking eligibility and voting timelines may find these dates particularly relevant.

Director appointments and board-related resolutions

The AGM will include items related to board composition, including the rotation and reappointment of retiring directors. Shareholders will also consider the appointment of S.G. Venkatesh as Director (Technical) and V.C. Asokan as Nominee Director.

CPCL described these appointments as part of strengthening the board structure and alignment with its holding company, Indian Oil Corporation.

Cost auditor fees: ₹2.75 lakh to be ratified

Another agenda item is the ratification of remuneration for cost auditors. CPCL has placed a proposal for shareholders to ratify cost auditor fees of ₹2.75 lakh.

Such resolutions are standard in annual meetings, but they remain important for governance because they formalise statutory cost audit arrangements and the associated fee approvals.

Tax and TDS: document deadline and dividend taxation

CPCL highlighted that dividends are taxable under the Income Tax Act, 2025. Shareholders have been asked to submit relevant documents for Tax Deducted at Source (TDS) determination by Friday, August 14, 2026.

For investors, this date matters because the applicable TDS rate and exemptions depend on timely submission of required documentation. The company’s timeline puts the deadline ahead of the cut-off date and AGM date.

Stock snapshot and recent disclosures mentioned

Market data shown alongside the disclosure indicates CPCL traded under NSE: CHENNPETRO and BSE: 500110. The stock was listed at ₹1,128.00, up ₹13.80 (1.24%) as of 03:31 PM, with the day’s high at ₹1,138.6 and low at ₹1,115.

The 52-week high and low shown were ₹1,249 and ₹620.85, respectively. The same information set also referenced a market capitalisation of about ₹16,804.65149 crore based on the latest share price.

The disclosure also referenced an intimation of Navratna status granted to CPCL by the Government of India on June 19, 2026, and noted trading window closure intimation under SEBI (Prohibition of Insider Trading) compliance.

Why this AGM matters for investors

For shareholders, the AGM matters primarily because of the combination of a sizable per-share final dividend proposal and the clear timeline for eligibility. The August 7, 2026 record date is the key operational date for equity dividend eligibility, while the August 14, 2026 deadline affects tax documentation and TDS processing.

The meeting also includes governance items that shape board oversight, including the appointment of a Director (Technical) and a Nominee Director. Alongside this, the preference dividend proposal and cost auditor remuneration resolution reflect the wider set of statutory and capital-structure-related approvals that shareholders are expected to vote on.

Conclusion

CPCL’s 60th AGM on August 24, 2026 will vote on a final equity dividend of ₹54 per share, a 6.65% preference dividend amounting to ₹15.94 crore, director appointments, and ratification of cost auditor fees of ₹2.75 lakh. Investors will watch the record date of August 7 and the remote e-voting window from August 20 to August 23.

The next confirmed step is the AGM itself, where shareholders will decide the dividend declarations and board-related resolutions through the VC/OAVM and e-voting process as scheduled.