Bharat Petroleum Corporation Limited has opened a special window for the transfer and dematerialisation of physical securities sold or purchased prior to April 01, 2019. This facility, available until February 04, 2027, aims to facilitate investors in gaining rightful access to their holdings. The initiative follows a SEBI Circular (HO/38/13/11(2)2026-MIRSD-PDD/I/3750/2026) dated January 30, 2026.

During this period, any securities lodged for transfer will be credited to the transferees only in dematerialised form. The company has clarified that only lodgements with legally valid and complete documentation, where there is no dispute on ownership, will be processed. The company published a notice to shareholders in the Times of India and Maharashtra Times on June 05, 2026, to inform the public about this facility.

Investors wishing to avail of this facility must submit their requests to the company's Registrar and Share Transfer Agent, M/s. KFin Technologies Limited. The unit handling these requests is located at Selenium Tower B, Plot 31 & 32, Financial District, Nanakramguda, Hyderabad - 500 032. Requests can also be sent via email to einward.ris@kfintech.com .

Key Details for Investors

The company has urged investors to ensure that all documentation is complete and legally valid to avoid delays. Further information regarding the procedure is available on the official website of Bharat Petroleum Corporation Limited.

Bharat Petroleum Corporation Limited reported that its consortium partner Petrobras signed a contract with SBM Offshore on May 29, 2026, for the construction of a Floating Production Storage and Offloading (FPSO) unit for the SEAP-I Project in Brazil. This contract covers the development of oil and gas discovered in the BM-SEAL-11 and BM-SEAL-10 Concessions. The project is expected to strengthen energy security by providing access to equity oil for the consortium members.

BPCL holds a 65.4% stake in IBV Brasil Petroleo LTDA (IBV) through its wholly owned subsidiary BPRL and step-down subsidiaries. IBV holds a 40% participating interest in the BM-SEAL-11 concession, while Petrobras acts as the operator with the remaining 60% interest. The total investment for IBV in the project is expected to be approximately USD 2.8 Bn, subject to Government of India approvals.

The FPSO contract is structured under a Build, Operate and Transfer (BOT) model. SBM Offshore will design, build, and operate the FPSO for an initial period of 6.5 years through a separate operation and maintenance contract. The unit is designed to have an installed capacity to process 120 thousand barrels of oil or condensate per day and 10 million m3 of gas per day.

Project Stakeholders and Investment

The project involves multiple stakeholders with specific interests in the BM-SEAL-11 Concession. The following table outlines the ownership structure and investment details:

FPSO Specifications and Contract Terms

The SEAP-I Project relies on the FPSO unit to process significant volumes of hydrocarbons. The technical specifications and contract terms are detailed below: