Mangalore Refinery and Petrochemicals Limited — Important, 08-01-2025: General Updates

MRPL has clarified that it participated in a global tender issued by ISPRL for leasing crude oil storage capacity at its underground rock caverns in Mangalore. The company was awarded the tender and subsequently entered into a lease agreement with ISPRL on January 6, 2025. This activity is part of MRPL's routine business operations and reflects its ongoing relationship with ISPRL. The company stated that there is no material impact on its operations from this arrangement. MRPL acknowledged an unintentional delay in communication regarding this matter and emphasized its commitment to maintaining accurate and timely disclosures in the future. Investors should note the routine nature of this development and maintain a positive outlook as such partnerships can contribute to operational efficiency.