Board of Hindustan Petroleum Corporation approves bonus issue of 2:1

At meeting held on 20 July 2016

Hindustan Petroleum Corporation announced that the Board of Directors of the Company at its meeting held on 20 July 2016, inter alia, have considered and recommended Increase in Authorised Share Capital to Rs.2500 crore and further recommended Capitalisation of Reserves and issue of Fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each subject to approval of the shareholders at the ensuing Annual General Meeting of the Company scheduled on 08 September 2016.

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