IndianOil - Results of Postal Ballot
New Delhi   20-Oct-2011

IndianOil has informed BSE that the members of the Company by way of Postal Ballot have passed the following Ordinary Resolution with requisite majority.

1. Increase in the borrowings limit from Rs. 80,000 crore to Rs. 1,10,000 crore under Section 293(1)(d) of the Companies Act, 1956.

2. Charging / Mortgaging the properties of the Company for the said borrowings under Section 293(1)(a) of the Companies Act, 1956.