On March 6, 2026, Indian Oil Corporation Limited, the largest state-owned oil and gas company in India, declared a second interim dividend of 20% for the financial year 2025-26. This decision is significant for shareholders as it reflects the company’s ongoing profitability and commitment to returning value to its investors.

The declared dividend amounts to Rs. 2 per equity share of Rs. 10 each. This follows the first interim dividend of ₹5 per share, which was announced earlier with a record date of December 18, 2025. The final dividend for the previous financial year was ₹3 per share, with a record date of August 8, 2025.

For shareholders to be eligible for this interim dividend, the record date has been set for March 12, 2026. This means that only those who hold shares by this date will receive the dividend payment.

The payment date for the dividend is scheduled to occur on or before April 5, 2026. This timeline is crucial for investors as it allows them to plan their financial strategies accordingly.

It is important for shareholders to note that resident shareholders with a valid Permanent Account Number (PAN) will experience a 10% tax deduction at source (TDS) on their dividend payments. Meanwhile, non-resident investors will face a higher TDS rate of 20% on their dividends.

Additionally, there is a TDS exemption threshold of Rs. 10,000, which means that shareholders receiving dividends below this amount will not incur any TDS deductions.

The announcement of the interim dividend is a positive indicator of Indian Oil’s financial health and its ability to generate returns for its shareholders. Such dividends are often seen as a sign of a company’s stability and profitability.

As the payment date approaches, shareholders will be keenly watching the developments related to the dividend distribution. This interim dividend is expected to enhance investor confidence in Indian Oil Corporation Limited.

Overall, the declaration of the interim dividend is a significant event for the company and its shareholders, marking another step in its commitment to providing value to its investors.

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