Hindustan Petroleum Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 22, 2025
HINDPETRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HPCL held its 73rd AGM on August 22, 2025 via video conferencing, chaired by Chairman & Managing Director Vikas Kaushal. Shareholders were asked to approve 13 resolutions, including adoption of FY2024-25 audited financial statements and declaration of a final dividend of Rs. 10.50 per equity share for FY2024-25. The meeting also sought approval for the appointment of Vikas Kaushal as CMD and four new Independent Directors (Bechan Lal, Sharda Singh Kharwar, Vivekananda Biswal, Abhay Sharma). Material related party transactions with HPCL-Mittal Energy Limited (HMEL) and Hindustan Colas (HINCOL) for FY2026-27 were also placed before shareholders. A total of 24 registered shareholders spoke, raising queries on topics such as crude price volatility, capex plans, EV charging stations, hydrogen and green projects, the Rajasthan Refinery, and shareholder returns. Voting results will be shared with stock exchanges within the prescribed timeline.
The Rs. 10.50 final dividend is a positive signal of returns for shareholders, while the director appointments and related party transaction approvals are largely routine governance items. Investors should watch for the scrutinizer's voting results, which will confirm whether all resolutions have shareholder backing.