Indian Oil Corporation Ltd (IOC) has informed BSE about the Notice of Postal Ballot dispatched to the Shareholders of the Company. The Company is seeking consent of the shareholders through postal ballot as required under Section 192A of the Companies Act read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 under Section 293(1)(d) of the Companies Act for increase in borrowing limits and Section 293(1)(a) of the Companies Act to create mortgage / charge on the assets of the Company for the purpose of borrowings.