Board has considered an item on the proposal for merger of its subsidiary Company Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with the holding Company i.e. the Company. After deliberations, the Board recommended the proposal of merger to the Govt. of India (GoI) for approval in line with the guidelines of the Department of Public Enterprises, Govt. of India, wherein prior approval of the Government of India is essential before undertaking any further steps in thematter. Indian Oil Corporation Ltd (IOC) has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2006, has approved the Scheme of Amalgamation for merger of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with the Company. The Board of Directors has also recommended a swap ratio of 4:37 i.e. 4 equity shares of Rs 10/- each of the Company (the Transferee Company) as fully paid-up for every 37 equity shares of Rs 10/- each of BRPL ('the Transferor Company'). The above is, however, subject to the approval of Govt. of India and all other consents or approvals from Regulatory Authorities or otherwise as may be required under Law. (As Per BSE Announcement Website Dated On 29/11/2006) Indian Oil Corporation Ltd (IOC) has informed BSE that the Shareholders, Secured Creditors and Unsecured Creditors of the Company at its meetings were convened as per the orders of the Ministry of Corporate Affairs (the competent authority to approve amalgamation of Govt. Companies) held on February 22, 2008 have approved the Scheme of Amalgamation for merger of Bongaigaon Refinery & Petrochemicals Ltd. (BRPL) with Indian Oil Corporation Ltd. (As per BSE Announcement Website dated on 27/02/2008) Indian Oil Corporation Ltd (IOC) has informed BSE that the Ministry of Corporate Affairs (the competent authority to approve mergers of Govt.Companies) has sanctioned the Scheme of Amalgamation for merger of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) (a subsidiary of IndianOil) with Indian Oil Corporation Ltd under Section 391(2) read with Section 394 of the Companies Act, 1956. Consequent upon filing of the Order of Amalgamation with the Registrar of Companies (ROCs) in Shillong and Mumbai and the same being taken on record by the respective ROCs, Bongaigaon Refinery & Petrochemicals Ltd. (Transferor Company) stands dissolved and the merger becomes effective March 25, 2009. The Scheme of Amalgamation provides for a swap ratio of 4 : 37 i.e. 4 equity shares of Rs 1O/- each of IndianOil (the Transferee Company) as fully paid for every 37 equity shares of Rs 10/- each of Bongaigaon Refinery & Petrochemicals Ltd (the Transferor Company). The Record Date for this purpose shall be notified in due course. (As Per BSE Announcement Website dated on 25.03.2009) Indian Oil Corporation Ltd (IOC) had informed BSE vide its letter dated March 25, 2009 notifying about the Merger of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with Indian Oil Corporation Ltd (IndianOil) effective March 25, 2009. The Scheme of Amalgamation provides for a swap ratio of 4:37 i.e. 4 equity shares of Rs 10/- each of IndianOil (the Transferee Company) as fully paid for every 37 equity shares of Rs 10/- each of BRPL (the Transferor Company). The Company has now informed BSE that the Company has fixed "April 28, 2009" as the Record Date for the purpose of ascertaining the eligibility of the shareholders of BRPL who would be entitled to receive the shares of IndianOil in the aforesaid approved swap ratio of 4:37 consequent upon the merger. (As Per BSE Announcement Website dated on 27.03.2009) SUB. :- Scheme of Amalgamation of Bongaigaon Refinery & Petrochemicals Ltd. (Scrip Code 500072) Trading members of the Exchange are hereby informed that, Indian Oil Corporation Ltd. has fixed the Record Date for Bongaigaon Refinery & Petrochemicals Ltd. for the purpose to determine entitlement of shareholders of Bongaigaon Refinery & Petrochemicals Ltd. pursuant to the Scheme of Amalgamation of Bongaigaon Refinery & Petrochemicals Ltd. with Indian Oil Corporation Ltd. Trading Members are advised not to deal in the equity shares of Bongaigaon Refinery & Petrochemicals Ltd. with effect from the under mentioned date. COMPANY NAME CODE Bongaigaon Refinery & Petrochemicals Ltd. (500072 & 600072) RECORD DATE 28/04/2009 PURPOSE The Scheme of Amalgamation: - Amalgamation of Bongaigaon Refinery & Petrochemicals Ltd. with Indian Oil Corporation Ltd. Indian Oil Corporation Ltd. will issue and allot to the shareholders of Bongaigaon Refinery & Petrochemicals Ltd. in the ratio of 4 (FOUR) fully paid up equity share of Rs.10/- each of Indian Oil Corporation Ltd. for every 37 (THIRTY SEVEN) Equity Shares of Rs.10/- each fully paid up held in Bongaigaon Refinery & Petrochemicals Ltd. NO DEALINGS FROM 21/04/2009 DR-013/2009-2010 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 31.03.2009) Trading members of the Exchange are hereby informed that the under mentioned new securities of Indian Oil Corporation Limited (Scrip Code: 530965, ISIN No. INE242A01010) are listed and permitted for trading on the Exchange with effect from Monday, May 18, 2009. Securities 2,16,01,935* Equity Shares of Rs.10/- each issued to the shareholders of erstwhile Bongaigaon Refinery & Petrochemicals Limited (BRPL) pursuant to the scheme of Amalgamation of the Company. Dist. Nos. 1192374307 to 1213976241 *These shares are ranking pari-passu with the existing equity shares of the company. 2. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Ministry of Corporate Affairs vide their Order dated March 09, 2009. b) Appointed Date: April 01, 2006. c) Effective Date: March 25, 2009. d) Date of Allotment: May 05, 2009. e) Exchange Ratio: 4 equity shares of Rs.10/- each of the company for every 37 equity shares of Rs.10/- each held in BRPL. 3. As per Exchange Notice No. 20090331-18 dated March 31, 2009 BRPL has fixed "Record Date" as April 28, 2009 for giving effect to the Scheme and accordingly trading in the equity shares of the said transferor company was stopped w.e.f April 21, 2009. (As Per BSE Notice Dated on 15.05.2009)