ONGC Postal Ballot: Mozambique Project RPT Approvals Passed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ONGC announced voting results of postal ballot for two ordinary resolutions on Material Related Party Transactions linked to the Area-1 Offshore Mozambique Project — one for AssetCo Structure and another for Debt Service Undertaking. Both passed with over 99.99 percent majority, with about 4.52 billion votes cast in favor versus around 0.16 million against. Promoters did not vote as interested parties. Remote e-voting closed on July 3, 2026 and the Scrutinizer confirmed the process was fair and transparent.
Shareholders approved key Mozambique project RPTs with near-unanimous support, enabling project structuring and debt backing. Minimal dissent signals strong confidence.