Meeting Details

  • Scrip ID/Symbol: TNPETRO
  • Meeting Type: 41st Annual General Meeting
  • Date: 25th September 2026
  • Location: Conducted through WebEx Platform facilitated by Central Depository Services (India) Limited
  • Time: Commenced at 2:00 PM (IST), concluded at approximately 2:48 PM (IST)

Meeting Proceedings

Mr. Ashwin C Muthiah (DIN:00255679) was elected by members as Chairman of the Meeting and served as Vice-Chairman. All directors attended except Mr. Debendranath Sarangi, IAS (Retd.) and Mr. Sanket Balvantrao Waghe, IAS. Statutory Auditors and Secretarial Auditors were present. Necessary quorum was present throughout the meeting.

Resolutions Proposed and Approved

Ordinary Resolutions

i. Adoption of Audited Financial Statements and reports for year ended 2025-26

ii. Declaration of Dividend for the year 2025-26

iii. Re-appointment of Mr. S Senthil Kumar (DIN: 00131558) as Director liable to retire by rotation

iv. Appointment of Mr. Sanket Balvantrao Waghe (DIN: 11865401) as Director liable to retire by rotation

v. Ratification of remuneration to Cost Auditors for the year 2026-27

Special Resolutions

vi. Approval for payment of Special Performance Incentive to Mr. D Senthi Kumar, Managing Director for FY 2025-26

vii. Approval for payment of remuneration to Non-Executive Directors for the year 2025-26

Voting Process

E-voting facility was made available prior to the meeting. Facility was also available during the meeting through electronic means for those who had not availed remote e-voting. The voting facility remained open for 15 minutes after meeting closure.

Scrutinizer Appointment

M/s. B Chandra & Associates, Practicing Company Secretaries, was appointed as Scrutinizers for both remote e-Voting and e-Voting during the meeting. Their report is awaited.

Financial Performance Highlights (From Chairman's Speech)

  • Net profit of ₹88.76 crore for FY 2025-26, representing 72.58% increase from ₹51.43 crore in previous year
  • 19.7% decline in revenue from operations
  • Profit before tax (before exceptional items) stood at ₹112 crore
  • EBITDA was ₹155 crore with double-digit EBITDA margin of 10.6%
  • Dividend of 15% recommended for 2025-26

Operational and Strategic Updates

  • Completed LAB capacity expansion project
  • Completed modernization and capacity expansion of Caustic soda plant
  • Completed capital expenditure project for replacement of adsorbent chamber internals and adsorbent
  • Installed Waste Heat Recovery Boiler in Captive Power Plant
  • Installed rooftop solar panels with aggregate capacity of 590 kWp
  • 92% of power consumption at Caustic Soda plant sourced from renewable sources
  • Anti-dumping duty imposed on LAB imports from Iran and Qatar
  • Fully integrated Human Resource Management System commissioned
  • 1,113 man-days of training delivered

Compliance Statement

The meeting was conducted in due compliance with the stipulations of relevant Circulars of MCA and SEBI.

Results Announcement

The results of voting will be announced to Stock Exchanges, uploaded on the Company Website and CDSL platform on receipt of the Scrutinizer's report.