Dear Sir,
We write with reference to our earlier letter Ref.: Co.Secy/VM/36/2019 dtd. January 16,2019 informing to the Stock Exchange about the process of Postal Ballot which have been conducted by Hindustan Petroleum Corporation Limited, for seeking approval of Members of the Company for the following:
(a) For Entering into Material Related Party Transactions with M/s. HPCL Mittal Energy Limited (HMEL) for the Financial Year 2019-2020 by passing of an Ordinary Resolution in compliance of Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
(b) For Re-appointment of Shri Ram Niwas Jain (DIN 00671720) as an Independent Director on the Board of HPCL by passing of a Special Resolution in compliance of provisions of Sec. 149 (10) of the Companies Act, 2013.
Kindly note that the Results of Voting on Postal Ballot was announced by the Corporation on Wednesday, February 20, 2019 at 3.00 p.m. at the Registered Office of Company. We now forward herewith the following:
1. Results of voting on Postal Ballot (including e-Voting thereto) along with Report of Scrutinizer.
2. Results of Voting as per the format provided under Regulation 44 (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Please note that the Resolutions covering aforesaid items of business transacted through the process of Postal Ballot have been passed by the Members of the Company with requisite majority.
The above is submitted for the information and records.