Disclosure under SEBI Takeover Regulations

Indian Oil Corporation Limited (IOCL) has submitted a disclosure to the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation typically mandates entities to disclose the purpose behind the acquisition or disposal of significant shareholdings. The announcement serves as a notification of this submission, confirming IOCL's compliance with regulatory transparency requirements. However, the specific details of any share transaction or its stated purpose are not included in the provided announcement content. Investors should note this procedural compliance, but further information would be required to assess any potential impact on shareholding structure or company strategy.