| EGM 27/02/2006
To consider the following:
1. Amendment in Articles of Association of the Company.
2. To borrow any sum or sums of money from time to time, for the business of the Company, from the Government of India and / or its agencies, any Bank(s) / Financial Institution(s) and /
or any other institution(s),firm(s), bodies corporate or other person(s) in India or abroad,
whether unsecured or secured, in Indian or foreign currency or by way of debentures / bonds or any other securities, notwithstanding that the money or moneys so borrowed together with the moneys already borrowed by the Company (apart from temporary loans obtained from and / or to be obtained from the Company's Bankers in the ordinary course of business) may exceed the aggregate of the paid up share capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) provided however that the total amount so borrowed and outstanding at any one time shall not exceed Rs 20000 million over and above the paid up share capital and free reserves of the Company.
Bharat Petroleum Corpn. Ltd has submitted to the Exchange a copy of the Notice of the EGM
scheduled to be held on February 27, 2006.
(As per NSE Bulletin dated on 07/02/2006)
The company has informed that the members at the Extraordinary General Meeting (EGM) of the Company held on February 27, 2006, have approved the following Special Resolution unanimously:
1. Amendment to the Articles of Association for increasing the number of Directors from twelve to sixteen.
2. Increase in the Borrowing Powers of the Company from overall Rs 20,000 million to Rs 20,000 million over and above the paid up share capital and free reserves of the Company.
(As per BSE Bulletin dated on 06/03/2006)
Bharat Petroleum Corpn. Ltd has informed the Exchange that at the EGM of the equity
shareholders of the Company held on February 27, 2006, the shareholders have approved the following Special Resolution Unanimously :- (1) Amendment to the Articles of Association for increasing the number of Directors from
Twelve to Sixteen. (2) Increase in the Borrowing Powers of the Company from overall Rs.20,000 million to Rs.20,000 million over and above the paid up share capital and free reserves of the Company.
(As per NSE Bulletin dated on 08/03/2006) |
| The company has informed about the developments related to the proposal for merger of Kochi Refineries Ltd (KRL) with the Company, as below:
1. The Joint Secretary, Ministry of Company Affairs vide his Order dated November 28, 2005 has-
a. Directed KRL and the Company to convene the Extraordinary General Meetings (EGM) of the shareholders to consider the Scheme of Merger;
b. Appointed Shri. Ashok Sinha, C&MD, of the Company as Chairperson to conduct the EGM of the equity shareholders of the Company and Mr. Justice Santosh N Hegde (Retd) as Chairperson to conduct the EGM of KRL;
c. Authorised the Chairpersons of the EGMs to fix the date, venue and time for the said meetings; and
d. Granted dispensation from holding the meetings of the Secured and Unsecured Creditors of KRL and the Company.
2. The EGM of the Company will be held on January 16, 2006.
EGM 16/01/2006
To consider and, if thought fit, approve, with or without modifications, the Arrangement embodied in the Scheme of Amalgamation proposed to be entered into between Kochi Refineries Ltd and with the Company, pursuant to the Order of the Department of Company Affairs, New Delhi.
(As per BSE Bulletin dated on 26/12/2005)
Bharat Petroleum Corpn. Ltd has informed the Exchange that by an Order made on the November 28, 2005, the Department of Company Affairs at
New Delhi has directed that a Meeting of the Equity Shareholders of Bharat Petroleum Corporation Limited, the Applicant Company be convened and held on January 16, 2006 for the purpose of considering, and if thought fit,
approving with or without modifications, the Arrangement embodied in the Scheme of Amalgamation proposed to be entered into between Kochi Refineries Limited and Bharat Petroleum Corporation Limited, the Applicant Company.
(As per NSE Bulletin dated on 28/12/2005)
Bharat Petroleum Corpn. Ltd has informed the Exchange that : (1) Pursuant to the directions
of Department of Company Affairs (DCA) in their Order dated November 28, 2005, a meeting of the equity shareholders of BPCL was convened to consider the Scheme of Amalgamation of KRL with BPCL. (2) Mr. Ashok Sinha, C&MD, BPCL, was appointed by the DCA by the said Order as the Chairman of the Meeting, and he has submitted his Report dated January 19, 2006 to the DCA
on the outcome of the said meeting. (3) As per the said Report, 99.00% of the total number of shareholders present in person / proxy, representing 99.98% of the total value of the votes cast, voted in favour of the Scheme.
Only 10 shareholders present in person / proxy, representing 0.02% of the total value of the votes cast, voted against the Scheme. 17 poll papers were rejected being invalid. (4) Accordingly, the Scheme was approved by
the equity shareholders of BPCL by an overwhelming majority.
(As per NSE Bulletin dated on 20/01/2006)
The company has informed that the members at the Extra Ordinary General Meeting (EGM) held on January 16, 2006, have approved the Scheme of Amalgamation of Kochi Refineries Ltd with the Company, with an overwhelming majority.
(As per BSE Bulletin dated on 20/01/2006) |