Chennai Petroleum Corporation Limited — Important, 01-08-2025: Updates

The company has called its 59th Annual General Meeting to approve audited financial results for the past fiscal year. Shareholders will consider a preference dividend of ₹0.665 per share (total ₹33.25 Cr) and an equity dividend of ₹5 per share. Key leadership changes include the proposed appointments of Mr. Arvinder Singh Sahney as Non-Executive Chairman and Mr. H Shankar as Managing Director, alongside other director appointments. Shareholders will also vote on ratifying the Cost Auditor's fee of ₹0.275 Cr and appointing a Secretarial Auditor for ₹0.09 Cr for the current fiscal year. Significant related party transactions of up to ₹1500 Cr with Cauvery Basin Refinery and Petrochemicals Limited for the upcoming financial year are also up for approval.