Bharat Petroleum Corporation Ltd announced that Shri Debashis Naik, Executive Director (Corporate Affairs), superannuated from the services of the company on June 30, 2026. The disclosure was submitted to the stock exchanges to inform stakeholders of the change in senior management personnel.

The company informed BSE Ltd. and the National Stock Exchange of India Ltd. regarding the development. The notification was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of material events.

Shri Debashis Naik was serving as the Executive Director (Corporate Affairs) at the time of his superannuation. The filing confirmed that his departure from the company occurred at the end of June 2026.

Key Details

The Government of India, acting as the promoter of bharat petroleum , has confirmed that it did not encumber any shares of the company during the financial year ended March 31, 2026. This declaration, submitted to the stock exchanges, ensures compliance with regulatory requirements regarding shareholding disclosures.

The confirmation was provided by the Ministry of Petroleum & Natural Gas on behalf of the Hon'ble President of India. It explicitly states that neither the promoter nor any persons acting in concert created any direct or indirect encumbrance on the company's shares throughout the specified period.

The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose the status of encumbrances on their holdings to ensure transparency in the market.

Bharat Petroleum Corporation Ltd transmitted the declaration to BSE Ltd. and the National Stock Exchange of India Ltd. on April 9, 2026. The document was signed by V. Kala, Company Secretary, and included the attestation of B. Bailochan Gahan, Deputy Director at the Ministry of Petroleum & Natural Gas.

Declaration Details