Oil & Natural Gas Corporation Limited has officially notified stock exchanges about an upcoming board meeting scheduled for February 12, 2026, and has now established the record date for determining dividend eligibility. The meeting has been convened to deliberate on crucial financial matters including the company's quarterly performance and potential dividend distribution to shareholders.

Board Meeting Agenda and Record Date

The board meeting will address two primary items of business, with the company now confirming the record date for dividend eligibility:

Regulatory Compliance and Trading Window Closure

In accordance with SEBI regulations, ONGC has implemented a trading window closure to prevent insider trading activities. The company has established specific timelines for this restriction:

This closure applies to all insiders and is mandated under the SEBI (Prohibition of Insider Trading) Regulations, 2015, along with the company's internal policy framework.

Stock Exchange Communication

The formal intimations were communicated to both major Indian stock exchanges. The board meeting notification was sent on January 30, 2026, followed by the record date intimation on February 5, 2026:

Regulatory Framework

The notifications have been issued pursuant to multiple SEBI regulations, including Regulation 29, 33, 42, 50, and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date intimation specifically complies with Regulation 42, ensuring that all stakeholders receive timely and accurate information about dividend eligibility and significant corporate developments.

Oil & Natural Gas Corporation Limited has formally clarified to stock exchanges that it is not engaged in any definitive negotiations or arrangements with ExxonMobil, responding to market speculation about a potential partnership between the two energy giants.

Market Movement and Sector Performance

The clarification came as ONGC's shares gained momentum alongside other exploration and production companies on January 29, 2026. The company noted that rising Brent crude oil prices have positively impacted Indian E&P sector valuations.

Response to Media Reports

The clarification was issued in response to a news report published on livemint.com dated January 28, 2026, which suggested that ONGC was exploring partnership opportunities with ExxonMobil for joint bidding on oil and gas blocks. The company's response was structured to address specific queries from the stock exchanges.

Official Company Position

In its formal response to the National Stock Exchange and BSE Limited, ONGC provided clear answers to regulatory queries. When asked about potential negotiations with ExxonMobil, the company stated definitively that it is "presently not engaged in any definitive negotiations or arrangements with ExxonMobil."

The company also confirmed it was not aware of any undisclosed information that could explain the trading movement in its shares, and indicated no regulatory or legal proceedings were involved in the matter.

Regulatory Compliance

The clarification was issued under Regulation 30 of SEBI regulations, demonstrating ONGC's commitment to transparent communication with investors and market participants. Company Secretary and Compliance Officer Shashi Bhushan Singh signed the official communication on January 29, 2026.

The company attributed the positive market sentiment primarily to the broader trend of increasing Brent crude oil prices, which typically benefits upstream oil and gas companies through improved operational economics and enhanced asset valuations.