Key Quantitative Figures
- Total Shareholders on Record Date: 2,772,030 (as of May 29, 2026)
- Resolution 1 (AssetCo Structure):
- Total Valid Votes: 4,521,790,076
- Votes in Favor: 4,521,633,118 (99.9965%)
- Votes Against: 156,958 (0.0035%)
- Number of Members Voted: 8,968
- Resolution 2 (Debt Service Undertaking):
- Total Valid Votes: 4,521,786,712
- Votes in Favor: 4,521,617,499 (99.9963%)
- Votes Against: 169,213 (0.0037%)
- Number of Members Voted: 8,958
Dates of Action
- Postal Ballot Notice Date: June 3, 2026
- Remote E-voting Period: June 4, 2026 (10:00 AM IST) to July 3, 2026 (5:00 PM IST)
- Scrutinizer's Report Date: July 4, 2026
- Record Date/Cut-off Date: May 29, 2026
Parties Involved
- Scrutinizer: Sachin Agarwal of M/s. Agarwal S. & Associates, Company Secretaries
- E-voting Agency: National Securities Depository Limited (NSDL)
- Signatories: Shashi Bhushan Singh (Company Secretary & Compliance Officer), Arun Kumar Singh (Chairman)
Voting Process Details
- The remote e-voting was conducted through NSDL's platform (www.evoting.nsdl.com)
- Votes were unblocked after the conclusion of e-voting period in presence of two witnesses
- The electronic data and all relevant records were handed over to the Company Secretary
Outcome
Both resolutions were passed with requisite majority. The scrutinizer's report has been placed on the company's website and NSDL's website.
Financial Impact
Financial impact of the related party transactions not quantified in the disclosure.
#Tags: #ONGC #MozambiqueProject #RelatedPartyTransaction #SEBIDisclosure #PostalBallot #Neutral