Oil India Ltd

Dematerialisation status

• Securities received for dematerialisation were confirmed to depositories and listed on the stock exchange.
• Dematerialisation certificates were mutilated and cancelled; depository name substituted as registered owner within 15 days.

JV formation: Hind Oil Biofuels Private Limited

• OGEL (Oil India's WoS) formed Hind Oil Biofuels Private Limited as JV.
• Incorporation date: October 13, 2026, in India.
• Business focus: compressed biogas, energy from waste, and biofuels.
• OGEL holds 50% stake; authorized capital Rs 1.0 crore.
• Subscription: Rs 5.0 lakh for 50,000 shares at Rs 10.
• Regulatory approvals: MOP&NG and DIPAM approvals obtained (DIPAM dated 11 Jun 2025).

Senior Management changes

• Resident Chief Executive (RCE) to superannuate on 30 September 2026.
• Shri Sanjay Verma to assume RCE role from 01 October 2026; currently ED (OSD), RCE's Office.
• Education: BE (Mech); ~35 years experience.
• Disclosure complies with SEBI LODR Regulation 30.

Oil India Ltd – Trading Window Closure

Regulatory governance update

• Board met on 18.09.2026 and recommended seeking waivers from stock exchanges.
• Fines relate to SEBI LODR 2015 board composition non-compliance for quarter ended 30.06.2026.
• Company states non-compliance was beyond its control and requests waiver.

AGM Details

• Date of meeting: 17 September 2026.
• Time: 11:00 AM to 2:12 PM.
• Mode: VC/OAVM.
• Record date: 10 September 2026.
• Last date for postal ballots: 17 September 2026.

Key Resolutions

• Receive, consider and adopt Audited Financial Statements for year ended 31 March 2026.
• Declare final dividend of Re 1 per share for FY2025-26.
• Re-appoint Director (Finance) Abhijit Majumder retiring by rotation.
• Approve remuneration of Statutory Auditors for FY 2026-27.
• Appoint Government Nominee Director Bhupinder Kumar.
• Amend Memorandum of Association to change Objects Clause.
• Increase Authorised Share Capital; amend Capital Clause in MoA.
• Amend Articles of Association (AoA).
• Ratify remuneration of Cost Auditor for 2026-27.

Voting Results

• 01 adopted; 95.94% in favour, 4.06% against.
• 02 dividend; 98.53% in favour, 1.47% against.
• 03 Majumder re-appointment; 92.68% in favour, 7.32% against.
• 04 audit remuneration; 99.96% in favour, 0.04% against.
• 05 Govt Nominee Director; 89.55% in favour, 10.45% against.
• 06 MOA Objects Clause; 100% in favour.
• 07 increased capital; 93.13% in favour, 6.87% against.
• 08 AoA; 98.23% in favour, 1.77% against.
• 09 Cost Auditor remuneration; 98.53% in favour, 1.47% against.

Directors

• Appointment of Bhupinder Kumar as Government Nominee Director.
• Re-appointment of Abhijit Majumder as Director (Finance).

Auditors

• Statutory Auditors' remuneration for FY 2026-27 approved.
• Cost Auditor remuneration for FY 2026-27 ratified.

MOA / AoA / Capital

• Amend MOA Objects Clause.
• Increase authorised share capital; amend Capital Clause.
• Amend AoA.

AGM details

• Date, time, mode: 17 Sep 2026, 11:00 a.m., VC/OAVM.
• Remote e-voting: 13 Sep 2026 10:00 to 16 Sep 2026 17:00.
• AGM e-voting available for non-voters at the meeting.
• Scrutinizer: Parul Jain, M/s VAP & Associates.
• Quorum required under the Act present throughout.

Resolutions

• 01: Adopt Audited Financial Statements including Consolidated Financial Statements for year ended 31 March 2026.
• 02: Declare Final Dividend of Re. 1 per share (10%).
• 03: Re-appoint Abhijit Majumder as Director (Finance) on rotation.
• 04: Board to decide remuneration/fees of Statutory Auditors for FY 2026-27.

Dividend

• Final dividend of Re. 1 per share (10% of paid-up capital) proposed.

Director changes

• Abhijit Majumder to be re-appointed as Director (Finance).

Auditor remuneration

• Remuneration/fees of Statutory Auditors for FY 2026-27 to be decided by Board.

Key updates

• Oil India outlines growth roadmap at 67th AGM, aligned with Samudra Manthan policy initiatives.
• FY2025-26 crude oil production was 3.450 MMT and natural gas 3.186 BCM.
• Terminal crude oil production rate reached 10,566 MTPD, highest in 14 years.
• Reserve Replacement Ratio improved to 1.02 in FY2025-26.
• Q1 FY27 crude oil production rose 11% YoY to 0.950 MMT.
• Daily crude oil production hit a record 10,921 MT.
• Consolidated PAT FY2025-26: ₹7,551 crore; net worth ₹53,716 crore.
• Dividend of ₹11.50 per equity share declared.
• Group invested over ₹21,673 crore in year across E&P, refining, pipelines.
• Offshore exploration footprint exceeds 100,000 sq km across basins.
• Numaligarh Refinery expansion to 9 MMTPA; pipeline to 5.5 MMTPA.
• Scope 1 & 2 emissions down 18%; gas flaring down 32%.
• Samudra Manthan outlay ₹84,084 crore up to FY2030-31.
• GOBARdhan outlay ₹23,731 crore.
• Q1 FY27 standalone PAT ₹2,870 crore.

Auditor Appointment

• M/s R K P Associates and M/s O P Totla & Co appointed as statutory auditors for 2026-27.