Integrated Filing-Governance



General information about company

Scrip Code 500547
NSE Symbol BPCL
MSEI Symbol NOTLISTED
ISIN INE029A01011
Name of the entity Bharat Petroleum Corporation Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity No such loans/guarantees/comfort letters provided.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 100 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID bpcl
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory Dr. (Smt.) Sushma Agarwal, Independent Director has ceased to be the Director of the Company with effect from 10.03.2026 on completion of her tenure and Shri Pradeep Vishambhar Agrawal, Shri Gopal Krishan Agarwal and Prof. Bhagwati Prasad Saraswat, Independent Directors have ceased to be the Directors of the Company with effect from 28.03.2026 consequent to completion of their tenure. Shri Vedveer Arya was appointed as a Government Nominee Director on the Board of the Company with effect from 09.03.2026.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Sanjay Khanna 09485131 Executive Director Chairperson CEO-MD 11-May-1969 No Active NA 22-Feb-2022 22-Feb-2022 2 0 0 0
2 Mr. Vetsa Ramakrishna Gupta 08188547 Executive Director Not Applicable 29-Jun-1971 No Active NA 07-Sep-2021 07-Sep-2021 1 0 1 0
3 Mr. Rajkumar Dubey 10094167 Executive Director Not Applicable 14-Mar-1966 No Active NA 01-May-2023 01-May-2023 2 0 1 0
4 Mr. Subhankar Sen 09844251 Executive Director Not Applicable 12-Jan-1968 No Active NA 14-Jul-2025 14-Jul-2025 1 0 0 0
5 Mr. Vedveer Arya 09311512 Non-Executive - Nominee Director Not Applicable 04-Sep-1970 No Active NA 09-Mar-2026 09-Mar-2026 1 0 0 0
6 Mr. Acharath Parakat Mahalil Mohamedhanish 02504842 Non-Executive - Nominee Director Not Applicable 17-Feb-1969 No Active NA 19-Jul-2024 19-Jul-2024 2 0 0 0
7 Ms. Sushma Agarwal 10065236 Non-Executive - Independent Director Not Applicable 01-Jun-1958 No Active NA 10-Mar-2023 10-Mar-2023 10-Mar-2026 37 1 1 1 0 Tenure Completion
8 Mr. Pradeep Vishambhar Agrawal 00048699 Non-Executive - Independent Director Not Applicable 20-Jul-1969 No Active NA 28-Mar-2025 28-Mar-2025 28-Mar-2026 13 1 1 1 0 Tenure Completion
9 Mr. Gopal Krishan Agarwal 00226120 Non-Executive - Independent Director Not Applicable 01-Jun-1962 No Active NA 28-Mar-2025 28-Mar-2025 28-Mar-2026 13 1 1 2 1 Tenure Completion
10 Mr. Bhagwati Prasad Saraswat 09396479 Non-Executive - Independent Director Not Applicable 30-Jun-1960 No Active NA 28-Mar-2025 28-Mar-2025 28-Mar-2026 13 1 1 2 1 Tenure Completion



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory .Due to completion of tenure of 3 Independent Directors w.e.f. 28.03.2026, the Company does not have any Independent Director on the Board for the period 28.03.2026 to 31.03.2026 in the quarter ended 31st March 2026. Accordingly, the Company was in compliance with the requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 till 27.03.2026, However, after 28.3.2026, the Company was not able to constitute the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as the company being a Government Company, all the Directors are appointed as per the nomination from Govt. of India. The Company has requested to Govt. of India from time to time for nomination of Independent Directors.



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00226120 Gopal Krishan Agarwal Non-Executive - Independent Director Chairperson 28-Mar-2025 28-Mar-2026
2 00048699 Pradeep Vishambhar Agrawal Non-Executive - Independent Director Member 28-Mar-2025 28-Mar-2026
3 09396479 Bhagwati Prasad Saraswat Non-Executive - Independent Director Member 28-Mar-2025 28-Mar-2026



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09396479 Bhagwati Prasad Saraswat Non-Executive - Independent Director Chairperson 28-Mar-2025 28-Mar-2026
2 00226120 Gopal Krishan Agarwal Non-Executive - Independent Director Member 08-Mar-2026 28-Mar-2026
3 00048699 Pradeep Vishambhar Agrawal Non-Executive - Independent Director Member 28-Mar-2025 28-Mar-2026
4 10065236 Sushma Agarwal Non-Executive - Independent Director Member 28-Mar-2025 08-Mar-2026



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09396479 Bhagwati Prasad Saraswat Non-Executive - Independent Director Chairperson 16-Jun-2025 28-Mar-2026
2 10065236 Sushma Agarwal Non-Executive - Independent Director Member 27-Apr-2023 10-Mar-2026
3 00226120 Gopal Krishan Agarwal Non-Executive - Independent Director Member 16-Jun-2025 28-Mar-2026
4 08188547 Vetsa Ramakrishna Gupta Executive Director Member 07-Sep-2021
5 10094167 Rajkumar Dubey Executive Director Member 29-Apr-2025



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00226120 Gopal Krishan Agarwal ID Chairperson 16-Jun-2025 28-Mar-2026
2 00048699 Pradeep Vishambhar Agrawal ID Member 16-Jun-2025 28-Mar-2026
3 10065236 Sushma Agarwal ID Member 22-Jan-2025 10-Mar-2026 Textual Information(1)
4 09485131 Sanjay Khanna ED Member 22-Feb-2022
5 08188547 Vetsa Ramakrishna Gupta ED Member 07-Sep-2021



Text Block
Textual Information(1) Appointed as Chairperson of the Risk Management Committee w.e.f January 22, 2025 and then appointed as member of the Risk Management Committee w.e.f. June 16, 2025



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 31-Oct-2025 Yes 10 10 4
2 18-Dec-2025 47 Yes 9 9 4
3 30-Dec-2025 11 Yes 9 8 4
4 23-Jan-2026 23 Yes 9 8 4
5 28-Jan-2026 4 Yes 9 9 4
6 25-Feb-2026 27 Yes 9 9 4
7 17-Mar-2026 19 Yes 9 8 3
8 25-Mar-2026 7 Yes 9 9 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 31-Oct-2025 Yes 3 3 3 0
2 Audit Committee 18-Dec-2025 47 Yes 3 3 3 0
3 Audit Committee 30-Dec-2025 11 Yes 3 3 3 0
4 Audit Committee 23-Jan-2026 23 Yes 3 3 3 0
5 Audit Committee 23-Feb-2026 30 Yes 3 3 3 0
6 Audit Committee 24-Mar-2026 Yes 3 3 3 0
7 Nomination and remuneration committee 23-Jan-2026 Yes 3 3 3 0
8 Risk Management Committee 22-Jan-2026 Yes 5 5 3 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 No
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: Dr. (Smt.) Sushma Agarwal, Independent Director has ceased to be the Director of the Company with effect from 10.03.2026 on completion of her tenure and Shri Pradeep Vishambhar Agrawal, Shri Gopal Krishan Agarwal and Prof. Bhagwati Prasad Saraswat, Independent Directors have ceased to be the Directors of the Company with effect from 28.03.2026 consequent to completion of their tenure. Accordingly, the Company was in compliance with the requirement in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 till 27.03.2026. The Company does not have any Independent Director on the Board for the period 28.03.2026 to 31.03.2026 in the quarter ended 31st March 2026. The Company, being a Government Company, nomination/appointment of all Directors is done by the Government of India. Accordingly, BPCL has communicated to Government of India about nomination of Independent Directors on its Board from time to time. After receipt of nomination, requisite Independent directors would be appointed on the Board and the company will be able to constitute the requisite statutory Committees i.e. the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.



Annexure 1
Sr Subject Compliance status
1 Name of signatory V. Kala
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes www.bharatpetroleum.in
1.2 Memorandum of Association and Articles of Association Yes www.bharatpetroleum.in
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes www.bharatpetroleum.in
2 Terms and conditions of appointment of independent directors Yes www.bharatpetroleum.in
3 Composition of various committees of board of directors Yes www.bharatpetroleum.in
4 Code of conduct of board of directors and senior management personnel Yes www.bharatpetroleum.in
5 Details of establishment of vigil mechanism or whistle blower policy Yes www.bharatpetroleum.in
6 Criteria of making payments to non-executive directors Yes www.bharatpetroleum.in
7 Policy on dealing with related party transactions Yes www.bharatpetroleum.in
8 Policy for determining material subsidiaries Yes www.bharatpetroleum.in
9 Details of familiarization programmes imparted to independent directors Yes www.bharatpetroleum.in
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes www.bharatpetroleum.in
11 Email address for grievance redressal and other relevant details Yes www.bharatpetroleum.in
12 Financial results Yes www.bharatpetroleum.in
13 Shareholding pattern Yes www.bharatpetroleum.in
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes www.bharatpetroleum.in
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes www.bharatpetroleum.in
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes www.bharatpetroleum.in
18 Credit rating or revision in credit rating obtained Yes www.bharatpetroleum.in
19 Separate audited financial statements of each subsidiary of the listed entity Yes www.bharatpetroleum.in
20 Secretarial compliance report Yes www.bharatpetroleum.in
21 Materiality policy as per regulation 30 (4) Yes www.bharatpetroleum.in
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes www.bharatpetroleum.in
23 Disclosures under regulation 30(8) Yes www.bharatpetroleum.in
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes www.bharatpetroleum.in
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes www.bharatpetroleum.in
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes www.bharatpetroleum.in
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes www.bharatpetroleum.in
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) No BPCL had 4 executive directors, 2 nominee directors and 3 Independent Directors till 27.3.2026. The tenure of 3 Independent Directors expired w.e.f. 28.3.2026. Accordingly, as on 31st March 2026, BPCL has 4 executive directors and 2 nominee directors. BPCL, being a Government Company, appointment of all Directors is made as per the nomination from Government of India. BPCL has communicated to Government of India about nomination of Independent directors on its Board from time to time. After receipt of nomination, requisite Independent directors would be appointed on the Board.
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) NA
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) NA
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) NA
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes Textual Information(1)



Text Block
Textual Information(1) Due to completion of tenure of 3 Independent Directors w.e.f. 28.03.2026, the Company does not have any Independent Director on the Board for the period 28.03.2026 to 31.03.2026 in the quarter ended 31st March 2026. Accordingly, the Company was in compliance with the requirement in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 till 27.03.2026. The Company, being a Government Company, nomination/appointment of all Directors is done by the Government of India. Accordingly, BPCL has communicated to Government of India about nomination of Independent Directors on its Board from time to time. After receipt of nomination, requisite Independent directors would be appointed on the Board and the company will be able to constitute the requisite statutory Committees i.e. the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided Textual Information(1)



Text Block
Textual Information(1) BPCL does not have a material Subsidiary



Annexure II
1 Name of signatory V. Kala
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory V. Kala
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 27-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 1
No. of investor complaints received during the Quarter 7
No. of investor complaints disposed off during the Quarter 8
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies Bharat Petroresources Limited is a wholly owned subsidiary of BPCL. During the quarter January-March 2026, 1,30,00,00,000 shares were subscribed by the Company on 27.02.2026 pursuant to the Rights Issue offered by Bharat Petroresources Limited taking the aggregate holding of the Company in Bharat Petroresources Limited to 15,30,00,00,000 shares. However, there was no change in voting rights of the Company in Bharat Petroresources Limited. Bharat GPS Bioenergy Private Limited is a joint venture of BPCL and GPS Renewables Private Limited. During the quarter January-March 2026, 1,21,20,000 shares were subscribed by the Company on 14.02.2026 pursuant to the Rights Issue offered by Bharat GPS Bioenergy Private Limited taking the aggregate holding of the Company in Bharat GPS Bioenergy Private Limited to 1,61,20,000 shares. However, there was no change in voting rights of the Company in Bharat GPS Bioenergy Private Limited. Arunachal Gas Private Limited is a joint venture of BPCL and Oil India Limited. During the quarter January-March 2026, 25,00,000 shares were subscribed by the Company on 30.03.2026 pursuant to the initial subscription of shares which resulted into acquisition of 50% voting rights by the Company in Arunachal Gas Private Limited.
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter
1 Bharat Petroresources Limited 27-Feb-2026 100 0 100
2 Bharat GPS Bioenergy Private Limited 14-Feb-2026 50.0 0 50.0
3 Arunachal Gas Private Limited 30-Mar-2026 0 50.0 50.0


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty BPCL being a Government Company, appointment of all Directors is made as per nomination from Government of India. Accordingly, BPCL has requested Government of India from time to time for the nomination of requisite number of Independent Directors. As the Directors are appointed only after receipt of nomination from Government of India, BPCL has no control over the appointment of Directors. Hence, BPCL has requested BSE Limited and National Stock Exchange of India Limited for waiver of the above mentioned fines levied on BPCL.
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 National Stock Exchange of India Limited Fines as per SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026 27-Feb-2026 Regulation 17(1) of SEBI LODR Regulations, 2015, total fine payable is Rs.5,42,800 incl. GST, for the quarter ended 31.12.2025. No material impact.
2 BSE Limited Fines as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 27-Feb-2026 Regulation 17(1) of SEBI LODR Regulations, 2015, total fine payable is Rs.5,42,800 incl. GST, for the quarter ended 31.12.2025. No material impact.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Commissioner of Central Excise 31-Mar-2023 The on-going litigation is pending with CESTAT Bangalore. Details of dispute - excise demand u/s 11A of Central Excise Act, due to denial of CENVAT in respect of various Engineering, Procurement and Construction contracts entered at the time of integrated refinery expansion project at Kochi Refinery on the ground that such input service is not covered under the definition of ‘input service’ as provided under Rule 2(l) of Cenvat Credit Rules, 2004(CCR). Further denial of CENVAT also on the ground that credit is availed by artificially vivisecting the said single work orders into various categories of work. Pending with CESTAT Bangalore.
2 Commissioner of Central Excise 27-Jun-2019 The on-going litigation is pending with CESTAT Mumbai. Details of dispute - excise duty Demand under Section 11D(1A) of Central Excise Act in relation to recovery of MS equivalent excise duty on Ethanol Quantity contained in sale of Ethanol Blended Motor Spirit (EBMS). Pending with CESTAT Mumbai.
3 Commissioner of Central Excise 21-Sep-2006 The on-going litigation is pending with the Supreme Court. Details of dispute - the Low Aromatic Naphtha (LAN) was classified by us under heading 271014 and 2710 1119. However, Department alleged that classification should be under Heading 2710 13 and 2710 1113 as Special Boiling Point Spirit (SBPS) attracting additional special Excise Duty. Pending with Supreme Court.
4 Commissioner of Central Excise 21-Feb-2026 Excise Valauation Dispute on sale of Petroleum Products by KRL to BPCL and BPC KR to BPCL Depots. Appealed to be filed before CESTAT Bangalore
5 Commissioner of Sales Tax 31-Mar-2010 Pending at Maharashtra Sales Tax Tribunal. Also Interim Application has been filed before Honorable Bombay High court on 03.03.2025 along with Reference appeal of Indian Oil Corporation Limited. Pending at Maharashtra Sales Tax Tribunal.
6 Commissioner of Sales Tax 31-Mar-2010 Pending at Maharashtra Sales Tax Tribunal. Also Interim Application has been filed before Honorable Bombay High court on 03.03.2025 along with Reference appeal of Indian Oil Corporation Limited. Pending at Maharashtra Sales Tax Tribunal.
7 Commissioner of Sales Tax 01-Oct-2011 Pending at Maharashtra Sales Tax Tribunal. Pending at Maharashtra Sales Tax Tribunal.
8 VVF India Limited 26-Dec-2022 Certain disputes arose between BPCL and VVF India Ltd under the Long Term Gas Sales Agreement dated 9.12.2009 with respect to failure to take delivery of the agreed quantity of gas and consequent failure to make payments under the 'take or pay' obligation. Accordingly, BPCL issued Notice Invoking Arbitration dated 26.12.2022 Claiming top pay of Rs. 11619622715/. The same was disputed and culminated into arbitration. The Arbitral award has been passed wherein partial claim of BPCL has been allowed. Further, as on date no notice from court has been received w.r.t. any appeal by VVF. BPCL has sent a notice to VVF claiming the awarded amount.