Mangalore Refinery and Petrochemicals Limited (MRPL) has disclosed its shareholding pattern as of March 31, 2026, through a filing under the SEBI Takeover Regulations. Hindustan Petroleum Corporation Limited (HPCL), the promoter of MRPL, submitted the disclosure to the stock exchanges on April 8, 2026.
The filing was made in compliance with Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation mandates periodic disclosure of promoter shareholding and encumbrances by listed companies.
HPCL held 29,71,53,518 equity shares in MRPL, representing 16.96% of the total paid-up share capital. Oil and Natural Gas Corporation Limited (ONGC) held 125,53,54,097 equity shares, equivalent to 71.63% of the paid-up share capital of MRPL.
The combined promoter holding of HPCL and ONGC in MRPL stood at 1,55,25,07,615 equity shares. This cumulative stake represents 88.58% of the total paid-up equity capital of the refining company as of March 31, 2026.
MRPL is a subsidiary of ONGC, the state-owned oil and gas exploration and production company. HPCL, a public sector oil refining and marketing enterprise, serves as the co-promoter of MRPL. The two government-owned entities together hold a controlling majority stake in MRPL.
The disclosure confirmed that no encumbrance exists on the shares held by either HPCL or ONGC. Both promoter entities have certified that their respective shareholdings in MRPL are free from any direct or indirect encumbrances as on the reporting date.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.