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HPCL Postal Ballot

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Postal Ballot Process for 2017:

Notice is hereby given to the shareholders of Hindustan Petroleum Corporation Limited that pursuant to the provisions of Section 110 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014, Hindustan Petroleum Corporation Limited (“the Company”) is seeking consent of shareholders by passing of Ordinary Resolution through the process of Postal Ballot (which includes Electronic Voting), under Section 63 of the Companies Act, 2013 & rules made thereunder, for Capitalization of Reserves of Rs.507,94,08,750 (Rupees Five Hundred Seven Crore Ninety Four Lakhs Eight Thousand Seven Hundred Fifty Only) standing to the credit of Security Premium/Free Reserves as on 31/03/2017 and to issue Bonus Shares to the eligible shareholders in the ratio of 1 (One) Bonus Equity Shares of Rs.10/- each for every 2 (Two) Equity Share held. For more information, please click the links below:

Postal Ballot Process for 2016:

Notice is hereby given that pursuant to Section 110 of the Companies Act, 2013 (hereinafter referred to as “the Act”) read with Companies (Management and Administration) Rules, 2014 (hereinafter referred to as “the Rules”) the Company is seeking the consent of the shareholders by passing a Special Resolution through process of Postal Ballot under Section 42 of the Companies Act, 2013 and the Rules made thereunder, for borrowing of funds through issue of Secured/Unsecured Redeemable Non-Convertible Bonds/Debentures (“Bonds”) aggregating upto Rs.6,000 Crore (Rupees Six Thousand Crores Only) from domestic as well as overseas market, through private placement. For more information, please click the links below:

Postal Ballot Process for 2014:

Notice is hereby given that pursuant to Section 110 of the Companies Act, 2013 (hereinafter referred to as “the Act”) read with ompanies (Management and Administration) Rules, 2014 (hereinafter referred to as “the Rules”) the Company is seeking the consent of the shareholders by passing a Special Resolution through process of Postal Ballot under Section 180(1)(c) and Section 180(1)(a) of the Companies Act, 2013 for exercising the borrowing powers by the Board of Directors of the Company and to create charge/provide security for the sums so borrowed on the moveable / immovable properties of the Company. For more information please click the links below:

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