Hindustan Petroleum Corporation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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HPCL, which is a promoter of Mangalore Refinery and Petrochemicals Ltd (MRPL), has filed a routine compliance disclosure under SEBI's Takeover Regulations. HPCL holds 29.71 crore equity shares in MRPL (16.96% of paid-up capital), while ONGC holds 125.53 crore shares (71.63%). Together, HPCL and ONGC hold 88.58% in MRPL. The filing confirms there is no encumbrance (pledge or charge) on these shares as of March 31, 2025.
This is a routine regulatory disclosure with no material impact on HPCL's stock price or shareholder value. It simply confirms that shares held by HPCL and ONGC in MRPL are free of any pledges or encumbrances.