Oil India Fined ₹5.43L for Board Composition Breach

Oil India Limited received an NSE fine notice for non-compliance with SEBI LODR Regulation 17(1) on board composition for Q3 FY2026 (quarter ended 31.12.2025).
Total fine payable is ₹5,42,800 (₹4,60,000 base fine + ₹82,800 GST at 18%) at ₹5,000 per day for 92 days.
Oil India's Board, in its meeting on 20.03.2026, advised management to seek waiver from exchanges, citing the non-compliance as beyond the company's control.
Company Secretary A.K. Sahoo formally wrote to BSE and NSE on 23.03.2026 requesting waiver of the imposed fine.