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

Bharat Petroleum Corporation Ltd has secured an allocation of 100 MW in a tender issued by the Madhya Pradesh Power Management Company Limited (MPPMCL) for the purchase of wind power. The company achieved this allocation at a competitive tariff of ₹4.12 per kWh through a reverse auction conducted on June 30, 2026, as per the results published on the e-tendering portal. This move underscores BPCL's strategic intent to diversify its energy mix and strengthen its presence in the renewable sector.

Key Details of the Allocation

The reverse auction process was highly competitive, resulting in a tariff rate of ₹4.12 per kWh, indicative of prevailing market conditions for wind power procurement in the region. The allocation was formally intimated to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Disclosure

The intimation was submitted to BSE Ltd. and National Stock Exchange of India Ltd. by V. Kala, Company Secretary of Bharat Petroleum Corporation Ltd. The filing confirms that the company has met the regulatory requirements for disclosing material information related to its business operations. This allocation is expected to contribute to BPCL's long-term sustainability goals by integrating cleaner energy sources into its portfolio.