Details of the Postal Ballot

The company had earlier intimated the exchanges on 5th June 2026 about a notice of postal ballot seeking member approval for certain items. The postal ballot was conducted solely through a remote e-voting system. The remote e-voting period commenced at 9:00 AM on Saturday, 6th June 2026, and concluded at 5:00 PM on Sunday, 5th July 2026. The record date for determining shareholder eligibility to vote was Wednesday, 3rd June 2026. The total number of shareholders on the record date was 1,080,730.

Scrutinizer Appointment and Report

CS Nrupang B. Dholakia of Dholakia & Associates LLP was appointed as the scrutinizer by the company's Board of Directors in a meeting held on 2nd June 2026. The scrutinizer downloaded the complete record of votes cast from the e-voting agency, National Securities Depository Limited (NSDL), on Monday, 6th July 2026. The final scrutinizer's report is dated 7th July 2026.

Voting Results

Based on the scrutinizer's report, the members of the company passed both ordinary resolutions set out in the notice with the requisite majority.

Resolution 1: Approval of Material Related Party Transaction(s) for AssetCo Structure

  • Description: Approval of Material Related Party Transaction(s) of BPRL Ventures Mozambique BV (BVMBV), a step-down wholly-owned subsidiary of BPCL, with respect to Area-1 Offshore Mozambique Project - AssetCo Structure.
  • Promoter/Promoter Group Interest: Yes. Promoters did not cast any votes (0 votes polled from 2,298,367,184 shares held).
  • Public Institutions: 1,515,345,536 votes were polled from 1,682,900,217 shares held (90.0437% turnout). 1,364,759,071 votes were in favor (90.0626% of votes polled), and 150,586,465 votes were against (9.9374% of votes polled).
  • Public Non-Institutions: 68,140,252 votes were polled from 357,238,087 shares held (19.0742% turnout). 68,090,373 votes were in favor (99.9268% of votes polled), and 49,879 votes were against (0.0732% of votes polled).
  • Overall Result: Total votes polled were 1,583,485,788 from 4,338,505,488 outstanding shares (36.4984% turnout). The resolution passed with 1,432,849,444 votes in favor (90.487% of votes polled) and 150,636,344 votes against (9.513% of votes polled). 5,480 members cast valid votes.

Resolution 2: Approval of Material Related Party Transaction(s) for Debt Service Undertaking

  • Description: Approval of Material Related Party Transaction(s) with respect to Area-1 Offshore Mozambique Project - Debt Service Undertaking.
  • Promoter/Promoter Group Interest: Yes. Promoters did not cast any votes (0 votes polled from 2,298,367,184 shares held).
  • Public Institutions: 1,515,157,136 votes were polled from 1,682,900,217 shares held (90.0325% turnout). 1,364,570,671 votes were in favor (90.0613% of votes polled), and 150,586,465 votes were against (9.9387% of votes polled).
  • Public Non-Institutions: 68,123,592 votes were polled from 357,238,087 shares held (19.0695% turnout). 68,063,550 votes were in favor (99.9119% of votes polled), and 60,042 votes were against (0.0881% of votes polled).
  • Overall Result: Total votes polled were 1,583,280,728 from 4,338,505,488 outstanding shares (36.4937% turnout). The resolution passed with 1,432,634,221 votes in favor (90.4852% of votes polled) and 150,646,507 votes against (9.5148% of votes polled). 5,482 members cast valid votes.

Additional Information from Scrutinizer's Report

The scrutinizer reported that there were zero invalid votes for both resolutions. The related parties of the company, as disclosed in its annual report pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2014, did not cast their votes on these resolutions. The dispatch of the notice was completed on 5th June 2026 through electronic mode to members as of the record date.