Mumbai: Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of Indian Oil Corporation, has seen a continued uptrend in its share price as the company announced the Record Date for its Final Dividend for the financial year 2024–25.
CPCL Shares Extend Gains
On Friday, CPCL shares gained for the sixth consecutive trading session, currently up 0.33% at ₹749.70 on the Bombay Stock Exchange (BSE). The positive movement comes as investors reacted to the dividend announcement and strong fundamentals.
Read Also: Manoj Kumar Pandey Appointed as Independent Director on CPCL Board- Know More About Him
Final Dividend of ₹5 Per Share Declared
In an April 2025 board meeting, CPCL’s Board of Directors recommended a final equity dividend of ₹5 per share (i.e., 50% of the paid-up equity capital) for FY 2024–25. The declaration is subject to shareholder approval at the company’s upcoming Annual General Meeting (AGM).
Record Date Fixed for August 1, 2025
The company, in a filing with the stock exchanges, announced that Friday, August 1, 2025, will be the Record Date to determine the eligibility of shareholders for receiving the final dividend. Shareholders whose names appear on the company’s register as of that date will be entitled to receive the dividend.
Dividend Payment Timeline & Tax Details
If approved at the AGM, the final dividend will be paid within 30 days from the AGM date.
CPCL also reminded shareholders of the tax implications under the Income Tax Act, 1961, which now mandates that dividends are taxable in the hands of shareholders. Accordingly, the company will deduct tax at source (TDS) before making dividend payments.
To ensure correct TDS deductions, eligible shareholders must submit the relevant documents by Wednesday, August 13, 2025.
Read Also: CPCL Reports 25% Drop in Q4 Net Profit Amid Falling Refining Margins
Investor Takeaway
With a healthy dividend payout, consistent share price performance, and alignment with Indian Oil’s long-term strategy, CPCL remains an attractive stock for both institutional and retail investors. The dividend also signals the company’s stable cash flow and shareholder-friendly policies.
About CPCL
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of ₹430 million (US$5.1 million) without any time or cost overrun.
