Hindustan Petroleum Corporation Limited's promoter, Oil and Natural Gas Corporation Limited (ONGC), filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the National Stock Exchange of India Ltd. and BSE Limited on April 7, 2026. The filing was made from ONGC's registered office in New Delhi under the NSE symbol ONGC with series EQ and BSE security code 500312.
The disclosure confirmed ONGC's shareholding in Hindustan Petroleum Corporation Limited as of March 31, 2026, the close of the financial year 2025-26. ONGC held 1,16,82,68,062 equity shares in HPCL as on that date, representing 54.90% of the total paid-up equity share capital of Hindustan Petroleum Corporation Limited. This 54.90% stake establishes ONGC as the majority promoter of HPCL.
ONGC stated that no encumbrance, directly or indirectly, existed on any of these shares during the financial year ended March 31, 2026. The disclosure confirmed that none of the 1,16,82,68,062 equity shares held by ONGC in Hindustan Petroleum Corporation Limited were under any pledge, lien, or other encumbrance during the reporting period.
The filing was made under Regulation 31(4) of the SEBI Takeover Code. This regulation requires promoters to report the encumbrance status of their shareholding to the stock exchanges at the end of each financial year. The filing was submitted as the annual disclosure requirement for the financial year 2025-26 under the SEBI regulations.
Shashi Bhushan Singh, Company Secretary and Compliance Officer of ONGC, signed the disclosure. A copy of the filing was submitted to the Company Secretary of Hindustan Petroleum Corporation Limited for placement before the Audit Committee of HPCL.
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.