Oil India Limited has requested stock exchanges to waive a total fine of ₹5,49,880 imposed for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 during the quarter ended March 31, 2026. The penalties were levied due to lapses in board composition and other regulatory requirements, with the company arguing that the non-compliance was beyond its control.

The Board of Directors reviewed the matter in its meeting held on June 29, 2026. Following the review, the Board advised the management to approach BSE Ltd and National Stock Exchange of India Ltd to request a waiver of the fines. The company formally submitted this request via a letter dated June 30, 2026.

The National Stock Exchange of India Ltd issued a notice detailing the specific breaches and the corresponding financial penalties. The total fine includes a base penalty of ₹4,66,000 and an 18% GST component of ₹83,880. The exchange stipulated that compliance is a prerequisite for processing any waiver application and that the company must pay a non-refundable processing fee of ₹10,000 plus GST if the fine amount exceeds ₹5,000.

The following table outlines the specific regulations breached, the duration of non-compliance, and the fines levied:

The exchange notice further instructed the company to ensure compliance with the respective regulations and remit the payment within 15 days of the notice date. It also mandated that the Board's comments on the fine be disseminated via the NEAPS portal. Oil India Limited must now await the exchange's decision on its waiver request while ensuring that the identified non-compliances are rectified.

Oil India Ltd has approved a significant increase in its authorized capital from ₹2000 crore to ₹5000 crore to align its charter with Corporate Strategy & Net Zero Initiatives. The decision was taken during a Board meeting held on Monday, 29 June 2026, which also saw the recommendation to alter the company's Memorandum of Association (MoA) and Articles of Association (AoA). These structural changes are subject to shareholder approval.

The alteration of the MoA involves the categorization of the Object Clause into two sections under the Companies Act, 2013, alongside the renumbering of objects. The enhancement of authorized capital and the addition of enabling clauses are designed to support the company's long-term strategic goals. Concurrently, the AoA will be modified and aligned with the provisions of the Companies Act, 2013, by adding new articles and deleting redundant ones.

In personnel developments, the Board approved the promotion of two senior executives to the role of Executive Director, a position one level below the Board of Directors. These appointments are effective from specific dates in August and September 2026. The promotions aim to strengthen the company's leadership team as it pursues its expanded strategic objectives.

The following table details the executives promoted to the position of Executive Director:

The Board meeting commenced at 03:30 P.M. and concluded at 06:10 P.M. on 29 June 2026. The filing was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.