Bharat Petroleum Corporation Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BPCL · price
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BPCL shareholders have approved a material related party transaction with Petronet LNG Limited for FY 2026-27 through postal ballot voting. The resolution passed with overwhelming support: 99.39% in favor (1.59 billion shares) versus 0.61% against (97.24 lakh shares). A total of 4,510 shareholders participated in the remote e-voting process conducted between March 30 and April 28, 2026. The company's scrutinizer, Dholakia & Associates LLP, confirmed the resolution was passed with the requisite majority under the Companies Act, 2013. Related parties did not participate in the voting as per SEBI regulations.
The approval allows BPCL to continue and formalize business transactions with Petronet LNG for the upcoming financial year. The strong shareholder backing (99.39%) signals confidence in the related party arrangement and removes uncertainty about future operations with this key associate.