Chennai Petroleum Corporation Limited (CPCL) has fixed Friday, August 1, 2025, as the record date to determine eligibility for the final equity dividend of ₹5 per share for the financial year 2024-25. This dividend, recommended by the Board of Directors on April 25, 2025, is subject to the approval of the members at the upcoming Annual General Meeting (AGM).
| Particulars | Details |
|---|---|
| Dividend per share | ₹5.00 |
| Face Value | ₹10.00 |
| Record Date | August 1, 2025 |
| Payment Date | Within 30 days from the AGM date (if approved) |
Dividend Details
The final dividend of ₹5 per equity share, which is 50% of the paid-up equity share capital, is subject to shareholder approval at the forthcoming AGM. If approved, the dividend will be paid within 30 days from the date of the AGM to the eligible members.
Tax Deduction at Source (TDS)
As per the Income Tax Act, 1961, dividends paid by the company are taxable in the hands of the members. CPCL is required to deduct tax at source (TDS) at the time of dividend payment. Members are requested to submit relevant documents on or before Wednesday, August 13, 2025, to enable the company to determine the applicable TDS rate. Detailed information regarding TDS on dividend is available on the company's website.
About Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Limited is a Government of India Enterprise and a Group Company of IOCL.
