Hindustan Petroleum Corporation Limited (HPCL, NSE: HINDPETRO, BSE: 500104) announced key decisions from its Board meeting held on Tuesday, including the approval of audited standalone and The consolidated financial outcomes for the fiscal year 2024-25 include a final equity dividend of ₹10.50 per share.
The dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM), will have a record date of August 14, 2025, with payment scheduled within 30 days post-AGM declaration.
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Financial Results and Audit Compliance
The Board approved the FY25 financial results, which included standalone and consolidated statements compliant with SEBI Listing Regulations (Regulations 30 and 52). Auditors J Singh & Associates and SK Patodia & Associates LLP issued an unmodified opinion on the standalone results, affirming adherence to Indian Accounting Standards (Ind AS). Key disclosures accompanying the results addressed the utilization of funds from non-convertible debentures (NCDs) and confirmed nil defaults on loans/debt securities.
Dividend and Corporate Actions
Shareholders will receive ₹10.50 per share (105% of the face value of ₹10) for FY25, pending approval at the AGM. This marks HPCL’s continued commitment to returns amid volatile energy markets. The organization has also designated M/s. Upendra Shukla & Associates as Secretarial Auditors for a three-year period commencing in FY2025-26, pending approval from the shareholders.
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The firm, led by Fellow ICSI member Mr. Upendra Shukla, brings over three decades of expertise in corporate law and compliance.
Operational and Governance Highlights
The Board confirmed no material deviations in the use of public fundraising proceeds and reiterated compliance with SEBI’s Listing Obligations. The meeting, which commenced at 2:00 PM and concluded at 5:00 PM, also reviewed operational metrics, though specific performance figures were not disclosed in the filing.
Stay tuned for further updates on market movements and financial insights.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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Published on: May 5, 2025 / M Vishnu
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