Bharat Petroleum Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2025
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BPCL held its 72nd Annual General Meeting on August 25, 2025 via video conferencing, chaired by CMD Shri Sanjay Khanna. Thirteen business items were tabled for shareholder approval, including adoption of FY25 audited financial statements, confirmation of interim dividend and declaration of final dividend, reappointment of Shri Rajkumar Dubey, appointment of new directors (Asheesh Joshi and Subhankar Sen as Director-Marketing), three independent directors, auditor remuneration approvals, and material related party transactions with BPRL subsidiaries for Mozambique LNG financing. Statutory auditors and the Comptroller & Auditor General of India had no qualifications on the FY25 standalone and consolidated financial statements. Shareholder questions spanned crude oil sourcing, US tariffs, green hydrogen progress, bio-ethanol plant in Odisha, Andhra Pradesh refinery status, CAPEX, and CSR. Voting results were to be shared with stock exchanges within 48 hours; the meeting concluded at 2 p.m.
Positive for shareholders as a final dividend on FY25 equity shares has been declared alongside the interim dividend already paid. Approval of material related party transactions signals continued capital commitment to the Mozambique LNG project via BPRL subsidiaries, while director appointments and clean audit reports reinforce governance stability.