Announced Sat, 4 Jul · 16:41 IST
ONGC postal ballot: both Mozambique Project related party resolutions passed
Board & Shareholder Meetings View source PDF
ONGC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹237.82
prior close
₹239.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-0.4-0.6+0.2+2.4+4.0+2.4+3.0+4.3+3.9+0.2———
Up moveDown movePending
AI summary
ONGC shareholders approved both postal ballot resolutions with near-unanimous support. Resolution 1 (Mozambique Area-1 AssetCo related party transaction) passed with 99.9965 percent in favour out of 4.52 billion votes polled. Resolution 2 (Debt Service Undertaking related party transaction) cleared with 99.9963 percent in favour. Public institutions polled 93.35 percent; non-institutions 75.57 percent. Promoters did not vote.
Likely market impact
Strong shareholder backing for ONGC Mozambique related party deals; clears path for AssetCo structuring and debt support. Positive governance signal.