IOCL Declares ₹2 Per Share Interim Dividend for FY26; Record Date Set for March 12
The company has fixed Thursday, March 12, 2026, as the record date to determine the shareholders eligible to receive the interim dividend
State-owned oil marketing major Indian Oil Corporation Limited (IOCL) has announced a second interim dividend for the financial year 2025–26 after its Board of Directors approved the payout at a meeting held on March 6.
According to an exchange filing, the board has declared a 20% interim dividend, equivalent to ₹2 per equity share of face value ₹10 each, for FY26. The dividend will be paid to eligible shareholders on or before April 5, 2026.
“In accordance with Regulation 30 of the SEBI (LODR) Regulations, it is hereby informed that the Board of Directors at its meeting held today has declared the 2nd Interim Dividend of 20%, i.e., ₹2.00 per equity share of face value ₹10 each for the financial year 2025–26. The 2nd interim dividend will be paid to the eligible shareholders on or before April 5, 2026,” the company said in its filing.
Record Date for Dividend
The company has fixed Thursday, March 12, 2026, as the record date to determine the shareholders eligible to receive the interim dividend.
The record date is a crucial milestone in dividend announcements because only investors who hold shares of the company on that date are entitled to receive the dividend. Investors who purchase the stock after the ex-dividend date—typically one trading day before the record date—will not be eligible for the announced payout.
Income Tax Compliance for Shareholders
IOCL has also advised shareholders regarding income tax compliance requirements related to dividend payments. As per the provisions of the Income Tax Act, 1961, dividend income is taxable in the hands of shareholders, and the company may deduct Tax Deducted at Source (TDS) at applicable rates before making the payment.
Shareholders are required to ensure that their Permanent Account Number (PAN), tax status, and other details are updated with their Depository Participant or Registrar and Transfer Agent to avoid higher tax deduction rates. Eligible investors seeking concessional or nil TDS must submit the relevant declarations and documentation within the stipulated timelines.
Earlier Intimation to Exchanges
The dividend announcement follows an earlier communication issued by IOCL on February 26, 2026, informing stock exchanges that its board would meet to consider the declaration of a second interim dividend for the current financial year.
India’s Largest Oil Refiner
Indian Oil Corporation Limited is India’s largest oil refining and fuel marketing company and operates an extensive network of refineries, pipelines, and fuel retail outlets across the country. The company is classified as a Maharatna public sector enterprise, giving it greater financial autonomy and the ability to undertake large investments without prior government approval.
