Results of the poll conducted at the extraordinary general meeting of Bharat Petroleum corporation limited held on 16th January 2006, at Mumbai to approve the scheme of amalgamation of Kochi Refineries limited with Bharat Petroleum corporation limited.

Pursuant to the directions of Department of Company Affairs (DCA) in their Order dated 28.11.2005, a meeting of the equity shareholders of Bharat Petroleum Corporation Ltd (BPCL) was convened on 16th January, 2006, in Mumbai, to consider the Scheme of Amalgamation of Kochi Refineries Ltd (KRL) with BPCL. Mr. Ashok Sinha, C&MD, BPCL, was appointed by the DCA by the said Order as the Chairman of the Meeting.

At the shareholders meeting, 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.

Accordingly, the Scheme was approved by the equity shareholders of BPCL by an overwhelming majority.