Tamilnadu Petroproducts Limited Announces Dividend, Schedules AGM, Appoints New Director and Cost Auditors

Tamilnadu Petroproducts Limited Announces Dividend, Schedules AGM, Appoints New Director and Cost Auditors​

Tamilnadu Petroproducts Limited (TNPETRO) announced key outcomes from its recent Board Meeting held on August 11, 2026. The company confirmed the schedule for its 41st Annual General Meeting (AGM), detailed dividend recommendations for the financial year ended March 31, 2026, and made significant appointments regarding a new Additional Director and Cost Auditors for the fiscal year 2026-27.

Financial Results and Dividend Details​

The Board reviewed the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending June 30, 2026.

Regarding shareholder benefits, the Board of Directors recommended a dividend of ₹ 1.50 per equity share, against an equity share value of ₹ 10 each, which is fully paid-up. This recommendation was made during a meeting on May 19, 2026. If approved by members at the upcoming AGM, the said dividend will be paid within 30 days of the general meeting date.

The company provided clear record dates for the payment of the dividend:


The Register of members will be closed from September 18, 2026, to September 25, 2026, for the purpose of the AGM and the declaration of the final Dividend.

Key Event Details: AGM​

The 41st Annual General Meeting (AGM) has been scheduled for Friday, September 25, 2026, at 2:00 PM (IST). The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Mode (OVAM).

Appointment of Additional Director​

Mr. Sanket Balvantrao Waghe, IAS (DIN: 11865401), was appointed as an Additional Director of the Company on August 11, 2026. Mr. Waghe falls under the Non-Executive Non-Independent Category.

As detailed in the internal records, Mr. Sanket Balvantrao Waghe is a 2021 batch IAS Officer and currently serves as the Executive Director at Tamilnadu Industrial Development Corporation Limited. His previous roles include Assistant Collector Training (Salem), Sub-Collector, and Sub-Magistrate, Ponneri. The company confirmed that Mr. Waghe is not related to any other Director and is not debarred from holding the office of a Director by any SEBI order or authority.

Cost Auditor Appointment​

The Board approved the appointment of M/s B Y & Associates, Cost Accountants in Chennai, as the Cost Auditors for Tamilnadu Petroproducts Limited for the financial year 2026-27.

M/s B Y & Associates is a firm established in 2019 and possesses experience across several critical areas including cost audit, product costing, cost compliance, Goods & service tax compliance and audit, Internal audit, Internal financial control audit, Income tax filing, and Business valuation.

TNPETRO Stock Price Movement​

Today, the stock of Tamilnadu PetroProducts Limited rallied, settling at ₹103.77 after trading up 3.57% in post-market activity. The shares saw strong movement today, closing above the intraday range which spanned from a low of ₹98.00 to a high of ₹106.00 amidst a volume of 778,233 shares.