MRPL : SUBSCRIBES TO 25% STAKE IN OPML JV FOR RS 12.5 CR

• JV incorporated as "ONGC Petrochemicals Marketing Limited" (OPML) on 7 October 2026 as a public limited company in India • Shareholding 50:25:25 between ONGC, MRPL and OPaL; MRPL holds 25% with 1,25,00,000 equity shares of ₹10 each along with its nominee shareholders • MRPL's cost of acquisition ₹12.5 Cr, cash consideration through subscription to equity shares at face value • OPML authorised and subscribed share capital ₹50 Cr divided into 5 Cr equity shares of ₹10 each • OPML to run integrated marketing and trading of petrochemicals, chemicals and kindred products for the ONGC Group, including branding, pricing, distribution and logistics • DIPAM (Ministry of Finance) approval obtained; Certificate of Incorporation issued by RoC

Mangalore Refinery and Petrochemicals Ltd

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