HPCL Share Price Gains Over 3%; Fixes August 14, 2026, as Record Date for Final Dividend of ₹19.25 for FY 2025-26

Hindustan Petroleum Corporation Limited (HPCL) has announced a final dividend of ₹19.25 per equity share for the financial year 2025-26.  

This decision was made during the Board of Directors meeting on May 13, 2026, and is subject to approval at the upcoming Annual General Meeting (AGM). 

The record date for the dividend is set for August 14, 2026. 

Dividend Tax Deduction Provisions 

In line with the amendments to the Income Tax Act, 2025, as revised by the Finance Act, 2026, dividend income will be taxable in the hands of shareholders.  

HPCL is required to deduct tax at source (TDS) at prescribed rates when paying dividends. For resident shareholders, TDS is applicable at 10%, provided a valid PAN is updated in the company's records. 

If the PAN is not updated, invalid, or not linked with Aadhaar, a higher rate of 20% applies. 

For resident individuals, TDS will not apply if the total dividend paid during FY 2026-27 does not exceed ₹10,000.  

If it exceeds ₹10,000, tax will not be deducted if a duly signed Form 121 is provided, subject to eligibility conditions. 

Non-Resident Shareholders Tax Details 

Non-resident shareholders are subject to TDS at 20% plus applicable surcharge and cess, unless exempt under the IT Act provisions.  

Shareholders with multiple accounts under different statuses will have the higher tax rate applied to their entire holding. 

Read More: India Imports 13.39 Lakh Tonnes of Edible Oil in May 2026, up 6.7% YoY! 

Submission of Tax Documents 

Shareholders are advised to submit necessary tax documents by July 31, 2026, to avail exemptions or concessions.  

Documents can be uploaded at www.hpcldiv2026.com or emailed to taxforms@hpcldiv2026.com. SEBI mandates electronic payment for corporate benefits from April 1, 2024, requiring updated KYC details. 

Hindustan Petroleum Corporation Share Price Performance  

As of June 15, 2026, at 10:47 AM, Hindustan Petroleum Corporation share price on NSE was trading at ₹403.55 up by 3.77% from the previous closing price. 

Conclusion 

HPCL's final dividend of ₹19.25 per share for FY 2025-26 is subject to tax deductions as per the amended Income Tax Act. Resident shareholders face a 10% TDS, while non-residents are subject to 20% plus surcharge and cess. Shareholders must submit tax documents by July 31, 2026, for exemptions. 

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