Oil and Natural Gas Corporation Limited and its subsidiary Hindustan Petroleum Corporation Ltd. collectively hold 88.58% of the paid-up share capital in Mangalore Refinery and Petrochemicals Ltd as on March 31, 2026. This disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

ONGC, the promoter of Mangalore Refinery and Petrochemicals Ltd, holds 125,53,54,097 equity shares, which represents 71.63% of the paid-up share capital. Hindustan Petroleum Corporation Ltd., a subsidiary of ONGC, holds 29,71,53,518 equity shares, equivalent to 16.96% of the paid-up share capital. The cumulative holding of both entities in Mangalore Refinery and Petrochemicals Ltd totals 1,55,25,07,615 equity shares.

The filing confirmed that there were no encumbrances, directly or indirectly, on the equity shares held by ONGC and HPCL during the financial year ended March 31, 2026.

Shareholding Pattern

Mangalore Refinery and Petrochemicals Limited has restructured its Board following the appointment of a new Govt Nominee Director and the extension of an existing director's tenure. The Ministry of Petroleum and Natural Gas (MoP&NG), Government of India, conveyed the approval of the Competent Authority via a letter dated June 4, 2026. These changes are effective immediately for a period of three years on a co-terminus basis or until further orders, whichever is earlier.

The company informed the exchanges that Shri D K Ojha, DDG(E&S), MoPNG, has received an extension of his tenure as Govt Nominee Director. His extended term is effective from May 16, 2026, to May 15, 2029, or until further orders. Additionally, Dr. Seema, Economic Advisor (Development) at MoPNG, has been appointed as a Govt Nominee Director effective from June 4, 2026, for a period of three years or until further orders.

MRPL confirmed that both directors are not debarred from holding office by any SEBI order or other authority. They are also not related to any existing directors of the company and are eligible for appointment under Section 164 of the Companies Act, 2013.

Director Profiles

Shri Dheeraj Kumar Ojha is a member of the Indian Statistical Services (1999 batch). He has served in various social and economic ministries, including the Ministry of Commerce and Industry, Directorate General of Commercial Intelligence, Ministry of Statistics & Programme Implementation, and Ministry of Health & Family Welfare. He has been posted in the Ministry of Petroleum & Natural Gas since December 2021.

Dr. Seema currently serves as Economic Advisor (Development) in the Ministry of Petroleum and Natural Gas. Prior to joining MoPNG, she served as an Advisor in the Ministry of Agriculture and Farmers Welfare.