38th Annual Report for FY 2025-26.

onoc TRW qqicpmcom ft1I4-1 MANGALORE REFINERY AND PETROCHEMICALS LIMITED CAP af' i 3> 14Rff fficrni 33:11:I' SCHEDULE 'A' GOVT. OF INDIA ENTERPRISE eamolicra offui7 [vs raW5 STA A SUBSIDIARY OF OIL AND NATURAL GAS CORPORATION LIMITED) MRPL an72I.311 9001, 14001 74 50001 W-Ilr0lct $7:14.1 AN ISO 9001, 14001 AND 50001 CERTIFIED COMPANY #13d79. CIN : L19200KA1988GOI008959, Website www.mrpl.co.in 23/07/2026 The Assistant General Manager, The Compliance & Listing Department Listing Compliance, BSE Limited National Stock Exchange of India Limited Scrip Code: 500109, Symbol: MRPL, Series: EQ, 1SIN: INE103A01014 ISIN: INE103A01014 Scrip Code (Debenture): 959162, 959250, Debt Security: INE103A08019, INE103A08035, 973692 INE103A08050 Dear Sir/Madam, Subject: Annual Report for FY 2025-26 and Notice of 38th Annual General Meeting (AGM) This is in continuation to our intimation dated July 21, 2026, informing that the 38th Annual General Meeting of the Company will be held on Monday, 24 August, 2026, at 04:00 P.M. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"). Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of 38th Annual Report along with the Notice of 38th Annual General Meeting of the Company for the Financial Year 2025-26, sent to the members of the Company through e-mail. Additionally, in accordance with the Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has dispatched letters containing the weblink/exact path where Annual Report 2025-26, along with Notice can be accessed, to those shareholders whose e-mail IDs are not registered with Company/ Registrar and Transfer Agent / Depository Participant. The Notice of 38th Annual General Meeting along with the Annual Report for the Financial Year 2025-26 is also available on the website of the Company at: https://www.mrpl.co.in/en/AnnualReport We request you to kindly take the above on record. Thank you. Yours faithfully, For Mangalore Refinery and Petrochemicals Limited Premachandra Rao G Company Secretary E-mail: investor@mrpl.co.in lafta cr,rpfcgi T -4-gtrIF, (INT chIcltrcv1111-TrU— 575 030 (-IRU) Tel: 0824-2270400 Read. Office: Kuthethoor P.O. Via Katipalla, Mancialuru - 575 030 (India) ANNUAL REPORT 2025-26 MANGALORE REFINERY AND PETROCHEMICALS LIMITED ANNUAL REPORT 2025-26 MANGALORE REFINERY AND PETROCHEMICALS LIMITED ANNUAL REPORT 2025-26 MANGALORE REFINERY AND PETROCHEMICALS LIMITED CHAIRMAN’S MESSAGE Dear Shareholders, It is my privilege to present, on behalf of the Board of Directors of MRPL, the 38th Annual Report for the Financial Year 2025-26 to our valued shareholders and to share some of the key highlights Through diversified of the Company’s performance during the year. crude sourcing, effective The financial year 2025-26 was marked by evolving geopolitical developments, volatility in global energy markets and continued inventory management, focus on energy transition. Despite these challenges, India and operational continued to demonstrate strong economic growth supported by robust domestic demand, infrastructure development, agility, MRPL ensured manufacturing activity and industrial expansion. The growing uninterrupted refinery energy requirements of the country reinforce the importance of energy security, supply resilience and operational preparedness. operations... Against this backdrop, MRPL remained focused on operational excellence, energy security, financial resilience and sustainable value creation. Through disciplined operations, prudent planning, technological adoption and the commitment of our employees, the Company continued to strengthen its position as a key contributor to India’s energy landscape. ANNUAL REPORT 2025-26 Standalone Financial Performance Marketing and Business Development g The Company recorded Revenue from Operations g MRPL commissioned 85 new Retail Outlets during of ₹1,05,155 crore during FY 2025-26 as against the year, taking the total number of operational ₹1,09,280 crore during FY 2024-25. outlets to 252. g The Company’s Export stood at ₹29,880 crore g The Company expanded its geographical footprint during FY 2025-26 as against ₹36,466 crore during with the commissioning of its first Retail Outlet in FY 2024-25. Andhra Pradesh. With this, now Company retail g Profit Before Tax stood at ₹4,022 crore during footprint covers outlets in Karnataka, Kerala, Tamil FY 2025-26 as against ₹113 crore during FY 2024-25. Nadu and Andhra Pradesh. g Profit After Tax stood at ₹1,931 crore during g Sales of Motor Spirit and High-Speed Diesel through FY 2025-26 as against ₹51 crore during FY 2024-25. the retail network reached 343.9 million litres during FY 2025-26. g Gross Refining Margin (GRM) improved significantly to US$ 9.22 per barrel during FY 2025-26 as g The Devangonthi Marketing Terminal near compared to US$ 4.45 per barrel during FY Bengaluru became fully operational, strengthening 2025-26, supported by stronger product cracks and logistics capabilities and enhancing access to key a favourable crude basket. inland markets. g The Board declared an Interim Dividend of ₹ 4 per g All Motor Spirit sold through MRPL Retail Outlets equity share involving a payout of ₹701.04 crore, complied with the E20 mandate, achieving ethanol reflecting the Company’s continued commitment blending of 19.76%. to shareholder value creation and recommended g The Company commissioned 76 EV charging the same as final dividend for FY 2025-26. stations across its MRPL HiQ Retail Outlets, supporting cleaner mobility solutions and Physical Performance future-ready infrastructure. g During FY 2025-26, the refinery processed 16.774 Sustainability and ESG Initiatives MMT of crude oil. g Despite the planned shutdown of the Phase-II Sustainability remains an integral part of MRPL’s long- Refinery Complex in the month of April and May, 2025 term growth strategy. the refinery achieved a capacity utilisation of 111.8%. g MRPL has articulated its ambition of achieving Net g Distillate yield remained strong at 81.94%, reflecting Zero Scope 1 and Scope 2 emissions by 2038 and the operational efficiency and flexibility of the continues to implement a structured roadmap refinery. towards this objective. g The refinery’s crude processing capability remains g The Company achieved a reduction of 9.63% a key strength, with MRPL having access to a in Scope 1 and Scope 2 emission intensity and diversified crude basket comprising 273 crude achieved an absolute reduction of 11.44% in Scope grades sourced from different regions globally and 1 and Scope 2 emissions compared to the FY having processed more than 116 crude varieties 2022-23 baseline. over the years g MRPL continued to advance initiatives relating to g Through diversified crude sourcing, effective renewable energy utilisation, energy efficiency, inventory management and operational agility, clean technologies, water stewardship, circular MRPL ensured uninterrupted refinery operations economy practices and responsible resource and continued support to the nation’s energy management. requirements, even during periods of global supply g The Company is also progressing initiatives towards chain uncertainties. cleaner energy solutions including renewable g The Company’s capability to process a wide range energy integration, Sustainable Aviation Fuel (SAF), of crude grades sourced from diverse geographies Bio-ATF and Green Hydrogen, supporting India’s continues to provide significant operational energy transition objectives. flexibility and supply resilience. MRPL’s diversified Corporate Governance crude basket enables the Company to optimise crude selection and respond effectively to changing Strong corporate governance continues to remain a market conditions. cornerstone of MRPL’s business philosophy. g MRPL successfully exported petroleum The Company remains committed to ma [Showing first 8,000 characters — download PDF for full document]