ONGC has made a regulatory disclosure pursuant to SEBI LODR Regulation 30(9) regarding its subsidiary ONGC Petro additions Limited (OPaL).
The disclosure consists of a letter dated 12.06.2026 received from OPaL, which is identified as a debt-listed subsidiary of ONGC.
OPaL's Board of Directors, in its 134th meeting held on June 11, 2026, has approved a proposal for raising funds through private placement of secured/unsecured, redeemable, Non-Convertible Debentures (NCDs). The approval was given based on the recommendation of OPaL's Audit Committee.
The fundraising is approved for an aggregate amount not exceeding ₹4,471 crore, to be issued in one or more tranches. The approval is subject to obtaining shareholder approval and other applicable statutory/regulatory approvals.
OPaL has made a detailed disclosure of the board meeting outcome available at their website: https://opalindia.in/assets/pdf/new-website/intimation-stock-exchange/outcome-of-134th-board-meeting-11-06-2026-opal.pdf
The communication from OPaL was signed by Rakesh Johari, Company Secretary & Compliance Officer, and addressed to ONGC's Company Secretary for information and further needful action.
ONGC's disclosure to the exchanges was signed by Shashi Bhushan Singh, Company Secretary & Compliance Officer of ONGC.