Mangalore Refinery and Petrochemicals Ltd

AGM Details

• Date: 24 August 2026; Time: 04:00 PM IST; Mode: VC/OAVM.
• Quorum met; meeting conducted via VC/OAVM.

Key Resolutions

• Adoption of Audited Financial Statements and Board's Report for FY 2025-26. Status: Passed.
• Re-appointment of Arun Kumar Singh (retires by rotation). Status: Passed.
• Dividend declaration for FY 2025-26; interim dividend declared and final dividend recommended. Status: Passed.
• Remuneration of Statutory Auditors to be fixed by C&AG for 2026-27. Status: Passed.
• Appointment of Dr Seema as Director. Status: Passed.
• Appointment of Shri Satyan Kumar as Director. Status: Passed.
• Appointment of Secretarial Auditor for a five-year term. Status: Passed.
• Approval of Material Related Party Transactions with Shell MRPL Aviation Fuels and Services Limited for FY 2027-28. Status: Passed.
• Amendment in Object Clause and Adoption of MOA & AOA per Companies Act, 2013. Status: Passed.

Dividend

• Interim dividend: 40% (Rs 24 per share); payout Rs 2701.04 crore.
• Final dividend for FY 2025-26 recommended for approval.

Director Changes

• Arun Kumar Singh to be re-appointed.
• Dr Seema appointed as Director.
• Shri Satyan Kumar appointed as Director.

Auditors & Remuneration

• Statutory Auditors remuneration to be fixed by the Board for 2026-27.
• Secretarial Auditor appointed for five-year term; M/s Ullas Kumar Melinamogaru & Associates.
• Cost Auditors: M/s. Bandyopadhyaya Bhaumik & Co.

Material Related Party Transactions

• Approval of RPT with Shell MRPL Aviation Fuels and Services Limited for FY 2027-28.

Other Approvals

• Amendment in Object Clause and Adoption of MOA & AOA per Companies Act, 2013 (to 2030-31).

Board appointments

• Appointment of Lakhan Chandra Mardi as Independent Director (NoD) on MRPL board 3 years, effective 12 Aug 2026.
• Appointment of Sharwan Singh Karawasra as Independent Director (NoD) on MRPL board 3 years, effective 12 Aug 2026.
• Appointment of Vipin Malviya as Independent Director (NoD) on MRPL board 3 years, effective 12 Aug 2026.
• MoP&NG approved three NoD appointments, effective 12 Aug 2026.
• Directors are not related to existing directors and are not debarred.

Volume movement clarification

• Response to BSE query: no unpublished price-sensitive information; volume movement is market-driven.

Internal Auditor appointment

• Shri Sanjib Kumar Mandal appointed Internal Auditor, replacing M. H. Shantharam.
• Date of appointment: 15-07-2026; Board meeting held July 15, 2026.
• Profile: Shri Sanjib Kumar Mandal, CGM Finance, appointed as Internal Auditor.
• Term not specified.

Cost Auditor appointment

• M/s Bandyopadhyaya Bhaumik & Co., Cost Accountants, appointed Cost Auditor for FY 2026-27.
• Term: Financial Year 2026-27.
• Brief profile: Cost accounting firm with over three decades' experience; offers cost and internal audit.
• Reason for change: appointment.
• Disclosure: Not Applicable.
• Board/Committee impact: Not stated.

MOA/AOA amendments proposal

• Board recommended shareholder approval for amendment in object clause.
• Board proposed adoption of Memorandum and Articles of Association.
• Subject to AGM approval.

Financial highlights

• Revenue from operations: ₹41,609 crore in Q1 FY26-27, ₹20,989 crore prior-year.
• PBT: ₹1,215 crore in Q1 FY26-27; ₹(403) crore prior-year.
• PAT: ₹915 crore in Q1 FY26-27; ₹(272) crore prior-year.
• Throughput (Crude + Others): 4.43 MMT in Q1 FY26-27.

Operational & regulatory developments

• PNGRB authorization for ATF pipeline from Devangonthi to Bengaluru.
• Product loading commenced at Aegis Terminal, Mangaluru; Hindupur depot; Ennore terminal.
• Tankage lease agreements executed at JNPA, Navi Mumbai; Kakinada; Krishnapatnam.
• ISCC-CORSIA certification obtained for UCO co-processing in April 2026.

Awards

• Swachhta Pakhwada 2023: Second prize; Consolation prize 2024.

Cessation of Government Nominee Director

• Shri Dheeraj Kumar Ojha, Government Nominee Director, ceased on 11/07/2026 due to posting to another Ministry.

Dematerialisation status and listing

• Dematerialisation requests processed for quarter ended 30 June 2026 and confirmed to depositories.
• Securities dematerialised/rematerialised listed on exchanges where earlier securities are listed.
• Security certificates for dematerialisation mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register of members within prescribed timelines.

Board appointment

• Appointment of Shri Satyan Kumar as Director (Strategy & Corporate Affairs) on 02.07.2026.
• ONGC nominee; not related to MRPL directors; not debarred; eligible under Companies Act, 2013.
• Reason: appointment as ONGC nominee on MRPL Board.
• Profile: ONGC Director—Strategy & Corporate Affairs; 36+ years in oil, gas, renewables.
• Term: not specified.
• Impact: adds ONGC-nominee director to MRPL Board.