Acquisition

3-TmT qs:)~~~ ctSTYl~~ToT f&tf?i"e.s BHARAT PETROLEUM CORPORATION LTD. 3mo:mcl5R<l5T~ A Govt. of India Enterprise Sec.3.4. 29th June 2026 The Secretary, The Secretary, BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, Plot No C/1, G Block, Street, Mumbai 400 001 Bandra-Kurla Complex, Mumbai 400051 BSE Scrip Code: 500547 NSE Symbol: BPCL Dear Sir/Madam, Sub: Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Acquisition In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our earlier intimation dated 30th May 2025, we hereby inform you that BPCL has signed the agreement on 29th June 2026 to acquire 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL), a joint venture company of Tiki Tar Group and Shell Gas B.V. The requisite details are enclosed herewith as Annexure. We request you to kindly take the above on record. Thanking you, Yours faithfully, For Bharat Petroleum Corporation Limited (V. Kala) Company Secretary mw 'lw.,, 4 ~ 6, c!RTBm-U" '15. ~ ~-~ <ITTffi w. 688. 1~-400 001. w,,: 2271 3000/4000. ~: 2271 387 4 Bharat Bhavan, 4 & 6. Curnmbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 Pma:I: info@bharatpetroleum.in website-www.bharatpetroleum in C\N: L23220MH1952GOI008931 3-TmT qs:)~~~ ctSTYl~~ToT f&tf?i"e.s BHARAT PETROLEUM CORPORATION LTD. 3mo:mcl5R<l5T~ A Govt. of India Enterprise Annexure (a) Name of the target entity, details in brief Tiki Tar and Shell India Private Limited such as size, turnover etc. (CIN U23300MH2019PTC331592) is a Private limited company incorporated on 11 October 2019. It is registered under Registrar of Companies, Mumbai. Its authorized share capital is Rs. 370000000.00 and its paid up capital is Rs. 360869560.00. (b) Whether the acquisition would fall within No related party transaction(s) and whether the promoter/ promoter group/ group companies The acquisition will not fall under the related have any interest in the entity being party transaction. acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"; (c) Industry to which the entity being Oil and Gas acquired belongs (d) Objects and impact of acquisition Bharat Petroleum Corporation Limited’s (including but not limited to, disclosure of (BPCL) strategic acquisition of a 40% stake reasons for acquisition of target entity, if its in Tiki Tar and Shell India Private Limited business is outside the main line of business (TTSIPL) is primarily driven by the need to of capture the rapidly growing market for the listed entity); Value-Added Bitumen (VAB) in India’s booming infrastructure sector. (e) Brief details of any governmental or DIPAM approval obtained regulatory approvals required for the acquisition; (f) Indicative time period for completion of 90 days the acquisition (g) Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same; (h) Cost of acquisition and/or the price at Rs.85 Crores to acquire a 40% equity stake which the shares are acquired (i) Percentage of shareholding / control 40% acquired and / or number of shares acquired mw 'lw.,, 4 ~ 6, c!RTBm-U" '15. ~ ~-~ <ITTffi w. 688. 1~-400 001. w,,: 2271 3000/4000. ~: 2271 387 4 Bharat Bhavan, 4 & 6. Curnmbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 Pma:I: info@bharatpetroleum.in website-www.bharatpetroleum in C\N: L23220MH1952GOI008931 3-TmT qs:)~~~ ctSTYl~~ToT f&tf?i"e.s BHARAT PETROLEUM CORPORATION LTD. 3mo:mcl5R<l5T~ A Govt. of India Enterprise (j) Brief background about the entity Tiki Tar and Shell India Private Limited acquired in terms of products/line of business (TTSIPL) was incorporated on 11 October, acquired, date of incorporation, history of 2019. TTSIPL operates in the business of last 3 years turnover, country in which the marketing, processing, purchasing, acquired entity has presence and any other importing, exporting, and selling bitumen significant information (in brief) and bituminous products primarily in India, with export sales extending to Nepal, Bhutan, and Bangladesh. Its product portfolio provides solutions for both highways and airport runways, consisting specifically of VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), Emulsion, and Emulsion OB. History of last 3 years turnover according to the financial records provided is as follows: • March 2024: INR 317.76 Crores • March 2025: INR 545.16 Crores. • March 2026: INR 404.60 Crores. mw 'lw.,, 4 ~ 6, c!RTBm-U" '15. ~ ~-~ <ITTffi w. 688. 1~-400 001. w,,: 2271 3000/4000. ~: 2271 387 4 Bharat Bhavan, 4 & 6. Curnmbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 Pma:I: info@bharatpetroleum.in website-www.bharatpetroleum in C\N: L23220MH1952GOI008931