Mumbai: Bharat Petroleum Corporation Limited (BPCL) has announced the signing of a tripartite agreement with its former Registrar & Transfer Agent (RTA), Data Software and Research Co. Pvt. Ltd., and its newly appointed RTA, KFin Technologies Limited. The agreement finalizes the transition of RTA services, marking full compliance with Regulation 7 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Completion of Formal Transfer of RTA Services
The tripartite agreement marks the final procedural step in shifting BPCL’s share registry and transfer responsibilities to KFin Technologies. As per SEBI rules, companies changing their RTA must execute a formal agreement involving both the outgoing and incoming RTAs to ensure proper handover of data, records, and responsibilities.
With the agreement now signed, KFin Technologies officially takes over all investor service–related functions for BPCL, including share transfers, dematerialization, rematerialization, correspondence, and related shareholder servicing activities.
Transition Disclosed Earlier Under SEBI Regulation 30
BPCL had already informed stock exchanges about the change in RTA through its notices dated 26 September 2025 and 17 October 2025, in accordance with SEBI Regulation 30, which mandates disclosure of material corporate events.
The company has now requested exchanges to take the latest development on record, confirming the completion of the transition process.
A Smooth and Regulated Transition
Industry observers note that such transitions are critical for maintaining seamless shareholder services and ensuring that investor records are handled securely and in compliance with SEBI norms. The tripartite agreement ensures that all operational, technological, and compliance-related aspects of RTA functions are formally transferred without any disruption to shareholders.
About BPCL
Bharat Petroleum Corporation Limited (BPCL) is a leading Indian public sector undertaking (PSU) engaged in refining, marketing, and distributing petroleum products. As one of India’s major integrated oil and gas companies, BPCL operates refineries in Mumbai, Kochi, and Bina and plays a key role in the nation’s fuel supply and energy security.
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