Acquisition

8-TT«'I q~~.Ql-1 cf5l,:jft"~Taf f8if?(e:s ~ BHARAT PETROLEUM CORPORATION LTD. 3ITTcf mcl5R cf5f 3"Qwl'f --- A Govt. of India Enterprise Sec.3.4. 2nd July 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 In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our earlier intimations dated 27th June 2024 and 1st July 2026, details of acquisition of IBV Brazil Petroleo Limitada by BPRL Ventures BV (an indirect wholly owned subsidiary of BPCL) are enclosed. We request you to kindly take them on record. Thanking you, Yours faithfully, For Bharat Petroleum Corporation Limited (V. Kala) Company Secretary 'l,ml ,ra;;, 4 l!cf 6, ~m;, ~ ¢:c, ~<ffiffiw. 688, :t~-400 001. QiR: 2271 3000/4000. m-: 2271 3874 Bharat Bhavan, 4 & 6, Currimbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 P.mail. info@bharatpetroleum.in website· www.bharatpetroleum.in CIN L23220MH1952GOI008931 8-TT«'I q~~.Ql-1 cf5l,:jft"~Taf f8if?(e:s ~ BHARAT PETROLEUM CORPORATION LTD. 3ITTcf mcl5R cf5f 3"Qwl'f --- A Govt. of India Enterprise Annexure (a) Name of the target entity, details in brief such IBV Brasil Petroleo Limitada (IBV) as size, turnover etc. It’s a company registered in Brazil and is involved in exploration and production of oil and gas. (b) Whether the acquisition would fall within The transaction is not related party transaction. related party transaction(s) and whether the promoter/ promoter group/ group BPRL Ventures BV (Step down subsidiary of BPCL) companies have any interest in the entity being has 60.86%* shareholding in IBV. acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"; Yes (c) Industry to which the entity being acquired Oil & Gas belongs (d) Objects and impact of acquisition (including BPRL Ventures B.V. has increased its shareholding in but not limited to, disclosure of reasons for IBV from 60.86% to 100%. acquisition of target entity, if its business is The acquisition provides access to additional equity oil outside the main line of business of the listed and gas to BPCL thereby contributing to India’s entity); energy security. (e) Brief details of any governmental or Concurrence from DIPAM & NITI Aayog have been regulatory approvals required for the acquisition; received for the said acquisition. (f) Indicative time period for completion of the Completed on 01.07.2026 acquisition (g) Consideration - whether cash consideration or Cash share swap or any other form and details of the same; (h) Cost of acquisition and/or the price at which Rs. 2,312 Crores the shares are acquired (i) Percentage of shareholding / control acquired 39.14% of shareholding and / or number of shares acquired (j) Brief background about the entity acquired in IBV holds participating interests in oil and gas terms of products/line of business acquired, concessions in Brazil date of incorporation, Date of Incorporation: 26.12.2005 history of last 3 years turnover, Turnover: Nil for calendar year 2023, 2024 and 2025 country in which the acquired entity has presence Country: Brazil any other significant information (in brief) * BPRL Ventures BV was holding 65.40% of the shareholding in IBV Brazil Petroleo Limitada. As part of the acquisition process, loan given by the shareholders of IBV are converted into equity. Basis loan conversion, revised shareholding of BPRL Ventures BV was 60.86% immediately before acquisition. 'l,ml ,ra;;, 4 l!cf 6, ~m;, ~ ¢:c, ~<ffiffiw. 688, :t~-400 001. QiR: 2271 3000/4000. m-: 2271 3874 Bharat Bhavan, 4 & 6, Currimbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 P.mail. info@bharatpetroleum.in website· www.bharatpetroleum in CIN L23220MH1952GOI008931