Bharat Petroleum Corporation Limited (BPCL) has disclosed the outcome of its Board Meeting held on 18th August 2026. This disclosure is made in continuation of the company's earlier intimation dated 13th August 2026 and in compliance with SEBI Listing Regulations 30 and 51 of the SEBI (LODR) Regulations, 2015.
The Board of Directors approved a fundraising proposal through the issuance of Non-Convertible Debentures (NCDs). The key details of the approval are:
- Instrument Type: Secured or unsecured redeemable Non-Convertible Debentures
- Total Amount: Up to ₹5,000 crore (Rupees Five Thousand Crore only)
- Issuance Structure: In one or more series/tranches, up to a maximum of 10 tranches
- Timeframe: The issuance must be completed within one year from the date of board approval
The specific details of each allotment, including the terms and conditions of each series/tranche, will be decided by the company and communicated to the stock exchanges in the required format at the time of each issuance.
The Board Meeting commenced at 11:00 AM and concluded at 3:45 PM on 18th August 2026, lasting approximately 4 hours and 45 minutes.
The disclosure was signed by V. Kala, Company Secretary of Bharat Petroleum Corporation Limited, and digitally signed by Kala Vaidyanathan on 18th August 2026 at 15:55:53 IST.