Oil India 67th AGM Approves All Nine Resolutions

Meeting Details

• Date: Thursday, 17th September 2026
• Time: Commenced at 11:00 A.M. and concluded at 02:12 P.M.
• Location: Held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
• Type of Meeting: Annual General Meeting (AGM)
• Chairperson: Dr. Ranjit Rath, CMD

Summary of Proposed Resolutions

Nine resolutions were proposed for shareholder approval, as per the notice of the meeting.

Ordinary Business

1. Resolution 67.01 (Ordinary Resolution): To receive, consider and adopt the Audited Financial Statements including Consolidated Financial Statements for the year ended 31st March 2026, together with the Directors' Report, Auditors' Report, and the Comments of the Comptroller & Auditor General of India.

2. Resolution 67.02 (Ordinary Resolution): To declare a Final Dividend of ₹1.10 per share (10% of the paid-up capital) for the financial year 2025-26.

3. Resolution 67.03 (Ordinary Resolution): To re-appoint Shri Abhijit Majumder (DIN: 10788427), Director (Finance), who retires by rotation.

4. Resolution 67.04 (Ordinary Resolution): To authorize the Board of Directors to decide the remuneration/fees of the Statutory Auditors for FY 2026-27.

Special Business

5. Resolution 67.05 (Ordinary Resolution): Appointment of Shri Bhupinder Kumar (DIN: 11596173) as a Government Nominee Director.

6. Resolution 67.06 (Special Resolution): Amendment of the Objects Clause of the Memorandum of Association (MoA).

7. Resolution 67.07 (Ordinary Resolution): Increase the Authorised Share Capital and amend the Capital Clause in the MoA.

8. Resolution 67.08 (Special Resolution): Amendment of the Articles of Association (AoA).

9. Resolution 67.09 (Ordinary Resolution): Ratification of the remuneration of the Cost Auditor for the financial year 2026-27.

Voting Process

• Remote E-Voting: The facility was provided through the CDSL portal. It commenced on Sunday, 13th September 2026 at 10:00 A.M. and ended on Wednesday, 16th September 2026 at 05:00 P.M.
• E-Voting at AGM: A facility for e-voting was also provided during the AGM for members who had not cast their votes via remote e-voting.
• Post-Meeting Voting: The e-voting facility remained open for an additional 15 minutes after the conclusion of the meeting at 02:12 P.M.

Scrutinizer's Role

• The Company appointed Ms. Parul Jain, Managing Partner of M/s VAP & Associates, Company Secretaries, as the Scrutinizer.
• Her role was to scrutinize both the remote e-voting and the e-voting conducted during the AGM in a fair and transparent manner.

Key Voting Outcomes and Disclosure

• The document states that all resolutions were proposed for approval but does not provide the specific numerical results of the voting (e.g., total votes cast, percentage in favor/against, or participation breakdown by shareholder category).
• The Company Secretary informed that the detailed results of the remote e-voting and voting at the AGM would be notified to the Stock Exchanges and hosted on the company's website and the e-voting agency's website within 2 working days of the conclusion of the AGM.

Compliance Confirmation

It was confirmed that the meeting was called, convened, and held in accordance with:

• The provisions of the Companies Act, 2013 and its rules.
• SEBI (LODR) Regulations, 2015.
• Secretarial Standards on General Meetings issued by the Institute of Company Secretaries of India.
• Various circulars issued by the Ministry of Corporate Affairs and SEBI.

The quorum required under the Companies Act was present throughout the meeting.

Other Procedural Information

• The Chairman highlighted the company's performance for FY 2025-26 and developments on various fronts, including the Samudra Manthan Scheme, Green Energy, Net Zero Initiatives, Critical Minerals, ESG, CSR activities, Future Outlook, Research & Development, and CBG (Compressed Biogas).
• Shareholders who had registered as speakers in advance were invited to share views and ask queries, to which the Chairman responded.
• A vote of thanks was extended by Shri Binayananda Bharali, Resident Chief Executive.
• This document is explicitly stated as a summary of proceedings and does not purport to be the formal minutes of the AGM.