Proceedings of the 73rd AGM of the Company

BHARAT PETROLEUM CORPORATION LTD. 3ITTcf <Wl5R cl5T 3"Qwl< A Govt. of India Enterprise Sec. 3.4.1 27th August 2026 The Secretary, The Secretary, BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai 400 001 Mumbai 400051 BSE Scrip Code: 500547 NSE Symbol : BPCL Dear Sir/Madam, Sub: Summary of the Proceedings of 73rd Annual General Meeting held on 27th August 2026 through Video-Conferencing Pursuant to Regulation 30 read with Part A of Schedule - III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the summary of the proceedings of 73rd Annual General Meeting of the Company held on Thursday, 27th August 2026 at 10.30 a.m. through Video-Conferencing. We request you to take the same on record. Thanking You, Yours faithfully, For Bharat Petroleum Corporation Limited (V. Kala) Company Secretary ~ mR, 4 {'cf 6, clffi+lm<lits. ~ ~. l:IRG~:a,. 688, 1~-400 001. q;r::r: 2271 3000/4000. ~: 2271 3874 Bharat Bhavan. 4 & 6. Currimbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 email: info'g!bh3ratpetroleurn.in website· www bharatpetroleum in CIN· L23220MH 1952GOI008931 SUMMARY OF PROCEEDINGS OF 73rd ANNUAL GENERAL MEETING The 73rd Annual General Meeting (AGM) of Bharat Petroleum Corporation Limited (Company) was held on Thursday, 27th August 2026 at 10.30 a.m. (IST) through Video-Conferencing (VC) in compliance with the Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The representatives of Govt. of India, Govt. of Kerala, major Financial Institutions, Mutual funds, etc. attended the AGM through VC. The representatives of Statutory Auditors, Secretarial Auditor, and Cost Auditors also attended the AGM through VC. Shri Sanjay Khanna, Chairman & Managing Director, took the Chair. The Company Secretary welcomed the Members and informed that the meeting was held through VC in compliance with the Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Company Secretary informed that the remote e-voting was facilitated from 9:00 a.m. on Saturday, 22nd August, 2026 and ended at 5:00 p.m. on Wednesday, 26th August, 2026 and that the members who were participating in the AGM and had not cast their votes through remote e-voting would be provided an opportunity to cast their votes through e-voting at the Meeting. The Company Secretary introduced the Directors and confirmed that the requisite quorum for the meeting was present and requested the Chairman to conduct the Meeting. The Chairman commenced the meeting and delivered his speech covering the geopolitical scenario, performance of the Company, performance of refineries, Strategic Business Units (SBUs) and upstream business through BPCL’s subsidiary company Bharat PetroResources Limited (BPRL), focus on petrochemicals, natural gas, green energy including renewable energy, green hydrogen and biofuels, growth in non-fuel business, R&D and innovation, Human Resources, CSR initiatives, Corporate Governance etc. Thereafter, the Chairman advised the Company Secretary to read out the relevant portions of the Auditors’ Report and briefly explain the business of the meeting along with the mechanism and process of e-voting. The Company Secretary informed that for the financial year 2025-26, Statutory Auditors and Comptroller & Auditor General of India’s (C&AG) had no qualifications in their report on audited Standalone and Consolidated financial statements. The observations of Secretarial Auditor in their Report and the explanation given by the Board of Directors on the observations of Secretarial Auditor were read out by the Company Secretary. The Company Secretary, thereafter, stated that there were 8 business items requiring approval of the Shareholders as specified in the Notice of AGM dated 31st July, 2026. A Brief description of the Business items proposed for the consideration of the Members are as under:- Sr. Particulars Type of No. Resolution 1. To receive, consider and adopt (a) the Audited Financial Statements of the Ordinary Company for the Financial Year ended March 31, 2026 (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026; and the Reports of the Board of Directors, the Statutory Auditors and the Comments of the Comptroller & Auditor General of India thereon. 2. To confirm the payments of First and Second Interim Dividend on Equity Ordinary Shares for the Financial Year ended March 31, 2026 3. To appoint a Director in place of Shri Vetsa Ramakrishna Gupta, Director Ordinary (DIN: 08188547), who retires by rotation and being eligible, offers himself for reappointment. 4. To authorize the Board of Directors of the Company to fix the remuneration Ordinary of the Joint Statutory Auditors of the Company for the FY 2026-27 5. Ratification of the remuneration of the Cost Auditors for the FY 2026-27 Ordinary 6. Appointment of Shri Vedveer Arya as Director Ordinary 7. Appointment of Shri Pushp Kumar Nayar as Director (Human Resources) Ordinary 8. Amendment in the object clause of the Memorandum of Association of the Special Company The Company Secretary further informed that the Company had appointed Shri Nrupang Dholakia, from M/s. Dholakia & Associates LLP, Practicing Company Secretaries as the Scrutinizer for the purpose of scrutinizing the process of remote e-voting and e-voting during the AGM. The Company Secretary also explained the process of e-voting. The Chairman, thereafter, invited the shareholders who have registered for speaking at the meeting to come forward and address their questions. The shareholders who had registered themselves as speakers raised questions on various areas such as effect of the current geopolitical scenario on the operations of the Company, capex allocation for future, plan for carbon mitigation, net zero- mitigation plan for climate change, proposed green hydrogen investments, status of renewable energy projects, details of Bharat PetroResources Limited (BPRL) investments in Mozambique, CSR expenditure, details about subsidiary companies, status of R&D, efforts for data security, non-compliance under SEBI Regulations regarding appointment of Independent Directors, status of EV charging, details of crude procurement, employee well-being etc. The queries were subsequently replied by Chairman and other Whole Time Directors. The Chairman informed that the Consolidated Voting Results cast through remote e-voting and e- voting at the AGM on all Resolutions once finalized shall be communicated to the Stock Exchanges viz., BSE Limited and National Stock Exchange of India Limited and also placed on the Company’s website www.bharatpetroleum.in within 2 working days of conclusion of the AGM of the Company. The Chairman thanked the Members present and the meeting was concluded at 1.40 p.m.