Chennai Petroleum Corporation Limited (CPCL) announced key decisions at its 59th Annual General Meeting (AGM) on August 25, 2025, including the declaration of dividends and appointments of directors.
The board declared a dividend of ₹0.665 per preference share and ₹5 per equity share for the financial year 2024-25.
| Particulars | Details |
|---|---|
| Dividend per Preference Share | ₹0.665 |
| Dividend per Equity Share | ₹5.00 |
During the meeting, several resolutions were passed, including:
- Adoption of the Audited Financial Statement for the period from April 1, 2024, to March 31, 2025.
- Appointment of Mr. P Kannan (DIN: 10250173) as a Director, who retires by rotation and is eligible for reappointment.
- Appointment of Mr. Arvinder Singh Sahney (DIN: 10652030) as a Nominee Director and Non-Executive Chairman.
- Appointment of Mr. H Shankar (DIN: 08845247) as a Managing Director.
- Appointment of Mr. M. Anna Durai (DIN: 10870538) as a Nominee Director.
- Appointment of Mr. Deepak Srivastava (DIN: 09275923) as a Government Nominee Director.
- Re-Appointment of Dr. C.K.Shivanna (DIN: 09398521) as an Independent Director.
- Re-Appointment of Mr. Ravi Kumar Rungta (DIN: 00993270) as an Independent Director.
- Appointment of Mr. Manoj Kumar Pandey (DIN: 11111277) as an Independent Director.
- Ratification of Remuneration of Cost Auditor for the Year 2025-26.
- Appointment of Secretarial Auditor for the Financial Year 2025-26 upto 2029-30.
- Approval for Material Related Party Transactions with Cauvery Basin Refinery and Petrochemicals Limited for the Year 2026-27.
The meeting, chaired by Shri A.S.Sahney, included the introduction of Board Members and welcomed Company Members and Auditors. The AGM was conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), complying with the circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
The remote e-voting was open from August 21, 2025, to August 24, 2025, and the facility for e-voting was available during the AGM for members who had not cast their votes remotely. M/s.Chitra Lalitha & Associates were appointed as scrutinizers for the remote E-Voting and E-Voting at the AGM.
During his address, the Chairman highlighted CPCL's performance. In FY 2024-25, CPCL achieved a crude throughput of 10.45 MMT with a capacity utilization of 99.6%. The company's turnover reached ₹70,963 Crore, with a Profit After Tax of ₹174 Crore. The company has also earmarked approximately ₹400 crore for retail marketing of petroleum products.
CPCL's consistent efforts in optimizing operations and managing costs underscore its foundation.
Managing Director, proposed vote of thanks and meeting concluded with e-voting (InstaPoll).
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