Meeting Details
- Date: Wednesday, August 26, 2026
- Time: Commenced at 12:00 HRS (IST) and concluded at 13:47 HRS (IST)
- Venue: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
- Type: Annual General Meeting
Proposed Resolutions and Implications
The following items of business were put up for shareholder approval:
Ordinary Businesses
1. To receive, consider and adopt the Audited Financial Statement of the Company (Standalone and Consolidated) for the period from 1st April 2025 to 31st March 2026, together with the Directors' Report and the Auditor's Reports thereto - Ordinary Resolution
2. To declare Preference dividend of 6.65% (₹0.665 per Preference share) on the Outstanding Preference Shares up to the date of redemption i.e September 23, 2025, amounting to ₹15.94 Crore for the year 2025-26 - Ordinary Resolution
3. To declare Final Equity dividend of ₹54 per Equity Share for the year 2025-26 - Ordinary Resolution
4. To appoint a Director in place of Mr. Inder Jeet (DIN: 10385230), who retires by rotation and is eligible for re-appointment - Ordinary Resolution
5. To appoint a Director in place of Mr. Rohit Kumar Agrawala (DIN: 10048961), who retires by rotation and is eligible for re-appointment - Ordinary Resolution
Special Businesses
6. Appointment of Mr. S.G. Venkatesh (DIN: 08823140) as a Director (Technical) - Ordinary Resolution
7. Appointment of Mr. V.C. Asokan (DIN: 11646048) as a Nominee Director - Ordinary Resolution
8. Ratification of Remuneration of Cost Auditor for the Year 2026-27 - Ordinary Resolution
Voting Process and Methods
The Company provided e-voting facility to its members pursuant to the provisions of the Companies Act 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Remote e-voting was open from 9:00 AM on Saturday, August 22, 2026 till 5:00 PM on Sunday, August 25, 2026
- Facility for e-voting at the 60th AGM was made available to members present at the Virtual Meeting who had not cast their votes by remote e-voting
- M/s. Chitra Lalitha & Associates, Practicing Company Secretaries were appointed as scrutinizers for scrutinizing the remote e-voting and e-voting at the AGM
Key Operational and Financial Highlights from Chairman's Speech
- Government of India upgraded CPCL from Miniratna Schedule-A to Navratna status on June 19, 2026
- Achieved highest-ever crude throughput of 11.710 MMTPA (112% capacity utilization)
- Record Distillate Yield of 79.1%
- Best-ever Fuel & Loss of 7.73%
- Best-ever MBN of 69.8
- Lowest-ever Energy Intensity Index of 84.0
- Achieved Quartile-1 ranking in Solomon Energy Intensity Index benchmarking
- Added six new crude grades and implemented 21 energy conservation schemes
- Record production of LOBS and Paraffin Wax
- 35.3% growth in Direct Marketing sales
- Revenue from Operations: ₹78,610.66 crore
- Profit After Tax: ₹3,061.85 crore (multifold jump from ₹173.53 crore previous year)
- Earnings per share: ₹205.62 (compared with ₹11.65 previous year)
- Recommended highest-ever dividend of ₹62 per share for FY 2025-26
- Lowest-ever Debt-Equity Ratio of 0.18
- CAPEX of ₹866 crore incurred during FY 2025-26
- Highest-ever Market Capitalisation of ₹14,405 crore during FY 2025-26
- Q1 FY 2026-27 turnover: ₹29,358 crore with PAT of ₹1,016 crore (compared with loss of ₹56.62 crore in corresponding quarter previous year)
- Entered retail fuel marketing business under SOOPER brand with three retail outlets commissioned in Tamil Nadu
- Target of 50 retail outlets in FY 2026-27
- CSR expenditure: Nearly ₹55 Crores
- Procurement from Micro and Small Enterprises: 66.20% of total procurement
- 66.32% of total procurement carried out through Government e-Marketplace (GeM)
- Reduced water footprint by over 6% with zero freshwater consumption for refining operations
- Renewable energy consumption increased by 32.4% during 2025-26
- Maintained Zero Lost Time Injury performance
- Received ICAI Gold Shield for Excellence in Financial Reporting
Compliance and Signatories
- The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India
- Company Secretary: Lalit Kumar Mohanty
- Scrutinizer: M/s. Chitra Lalitha & Associates, Practicing Company Secretaries
- The results of the remote e-voting and e-voting during AGM were to be disseminated to stock exchanges and uploaded on the company website and M/s. KFin Technologies Ltd. website within stipulated time