Date: 30th June, 2026

Board Meeting Outcomes

The Board of Directors of Oil India Limited reviewed the matter of fines imposed for non-compliance of SEBI (LODR) Regulations, 2015 for the quarter ended 31.03.2026 in its meeting held on 29.06.2026. The Board noted the fines and advised the company to request the stock exchanges again for a waiver, stating that the non-compliance was beyond the control of the Company.

Regulation, Compliance & Legal Disclosures

Nature of Non-Compliance & Fines

This disclosure is a formal response to a notice from the National Stock Exchange of India Limited (NSE) dated May 27, 2026 (Ref: NSE/LIST-SOP/COMB/FINES/0611). The notice detailed non-compliance/delayed compliance with SEBI (LODR) Regulations, referencing SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (Master Circular).

The specific violations and corresponding fines for the quarter ended March 31, 2026, are:

  • Regulation 17(1): Fine of ₹5,000 per day for 90 days of non-compliance, totaling ₹450,000.
  • Regulation 18(1): Fine of ₹2,000 per day for 4 days of non-compliance, totaling ₹8,000.
  • Regulation 19(1)/19(2): Fine of ₹2,000 per day for 4 days of non-compliance, totaling ₹8,000.

The subtotal of the fines is ₹466,000. With GST applied at 18% (₹83,880), the Total Fine Payable (Inclusive of GST) is ₹549,880.

The notice states that if the company was still non-compliant as of the date of the letter (May 27, 2026), the fine amount would continue to increase daily until compliance was achieved.

Waiver Request Process

Pursuant to the Board's direction, the company is formally requesting BSE and NSE to waive the imposed fines. The NSE's notice outlined the procedure for applying for a waiver:

  • Waiver applications must be submitted via the NEAPS portal path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request; applications sent via email are not considered.
  • Achieving compliance is a mandatory pre-requisite before applying for a waiver.
  • A detailed submission indicating reasons for the waiver request must be provided.
  • A non-refundable processing fee of ₹10,000 plus 18% GST is required if the fine amount is more than ₹5,000 (exclusive of GST).
  • The company must also inform the Exchange of the Board's comments on the levied fines via the NEAPS portal path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA with the announcement text 'Board comments on fine levied by the Exchange'.

Payment Instructions

If the fine is to be paid, the NSE provided the following bank details for remittance via RTGS/NEFT/Net Banking:

  • Account Name: National Stock Exchange of India Limited
  • Bank Name: IDBI BANK LTD
  • Instruction: Please refer to the Unique Account Code used for making Annual Listing fees to the Exchange.
  • Branch: BANDRA KURLA COMPLEX, MUMBAI
  • RTGS/IFSC CODE: IBKL0001000

Company & Contact Information

Company Status: A Maharatna CPSE under the Government of India

Corporate Office: Plot No. 19, Sector-16A, Noida-201301, Uttar Pradesh