ONGC - Outcome of AGM

Oil & Natural Gas Corporation Ltd (ONGC) has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Company held on September 23, 2009, inter alia, have passed the following resolutions:

1. Adoption of the Audited Balance Sheet as at March 31, 2009, Profit & Loss Account for the year ended March 31, 2009 together with the Reports of the Directors and the Auditors' thereon and comments of the Comptroller & Auditor General of India in terms of Section 619 of the Companies Act, 1956.

2. Declaration of Final Dividend @ Rs. 14 per share on the paid up share capital.

3. Re-appointment of Dr. A. K. Balyan & Shri. U. N. Bose as Directors, who retired by rotation.

Further, necessary resolutions relating to special business for appointment of Shri. S. S. Rajsekar, Shri. S. Balachandran, Shri. Santosh Nautiyal, Smt. L. M. Vas, Shri. Sudhir Vasudeva and Smt. Anita Das, were also passed.

Further, the Company has submitted to BSE a copy of Chairman's Speech delivered in the said meeting.