Oil India Limited has issued a regulatory clarification to stock exchanges regarding a news report about seismic studies and bidding strategy for the Open Acreage Licensing Programme (OALP-X). The clarification, dated February 2, 2026, was submitted under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Background of the Clarification

The clarification was prompted by an exchange query dated February 1, 2026, seeking information about a news item titled "Undertook seismic studies of blocks acquired from earlier round to chart bidding strategy for OALP-X, Oil India Chief" published on The Hindu website. The company responded to address any potential market concerns arising from the news report.

Company's Response to News Report

Oil India explained that the Chairman and Managing Director had responded to queries from The Hindu correspondent at the sidelines of India Energy Week 2026. The company emphasized that the information mentioned in the news article is general in nature for an Exploration & Production (E&P) company.

The company specifically noted that price variations in its stock are not attributable to the news article. Instead, such variations are dynamic and may be related to global crude oil prices, reflecting the typical market factors that influence oil sector companies.

Exchange Query Responses

The stock exchange had raised specific queries regarding the news report, to which Oil India provided the following responses:

Regulatory Compliance

The clarification was signed by A.K. Sahoo, Company Secretary & Compliance Officer, and submitted to both BSE Limited and NSE. The document reference number OIL/SEC/32-33/NSE-BSE indicates the company's systematic approach to regulatory compliance and investor communication.

This clarification demonstrates Oil India's commitment to maintaining transparency with stakeholders and addressing market queries promptly. The company's response suggests that the news report contained routine operational information typical for exploration and production companies rather than material price-sensitive information.

Oil India Limited has responded to stock exchange queries regarding unusual trading volume activity in its shares, clarifying that no undisclosed company-specific information has contributed to the recent market movement. The clarification came in response to a letter dated January 28, 2026, from the National Stock Exchange seeking explanation for increased trading volumes.

Company's Official Response

In its official communication to both NSE and BSE, Oil India emphasized that there is no information or announcement required to be disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, from the company's side that may have bearing on the price or volume of its scrip. The response was signed by A.K. Sahoo, Company Secretary and Compliance Officer, and dated January 29, 2026.

Crude Oil Price Impact

The company attributed the potential influence on its stock's trading activity to broader market factors, particularly the significant movement in global crude oil prices. Oil India highlighted the substantial price rally in the international crude oil market over recent weeks.

Market Context

The company emphasized that crude oil prices are dependent on world market conditions and geopolitical factors. This global price movement in the underlying commodity may have had a bearing on the price and volume activity of Oil India's shares, given the company's direct exposure to crude oil markets as an upstream oil and gas exploration and production company.

Regulatory Compliance

The clarification was issued under Regulation 30 of the SEBI (LODR) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with investors and regulatory authorities. The communication was addressed to both major stock exchanges where the company's shares are listed - NSE (Symbol: OIL) and BSE (Security Code: 533106).