Oil India Limited announced that its shareholders have approved key amendments to the company’s Memorandum of Association (MoA) and Articles of Association (AoA) during its 67th Annual General Meeting on September 17, 2026. The approved changes include alterations to the Objects Clause, an increase in authorised share capital, and modifications to the company’s articles of association. These amendments are designed to align with the company’s corporate strategy and Net Zero initiatives.
Shareholder Approval for Key Amendments
During its 67th Annual General Meeting (AGM) held on September 17, 2026, shareholders of Oil India Limited (OIL) gave their approval for significant changes to the company’s foundational documents. The resolutions passed include amendments to the company’s Memorandum of Association (MoA) and Articles of Association (AoA).
Details of Amendments Approved
The approved amendments encompass several critical areas:
- Memorandum of Association (MoA):
- Alteration of the Objects Clause, categorizing it into two sections as per the Companies Act, 2013.
- Renumbering of existing objects.
- Enhancement of the authorised share capital from ₹2,000 Crore to ₹5,000 Crore.
- Addition of enabling clauses to support the company’s Corporate Strategy and Net Zero initiatives.
- Articles of Association (AoA):
- Modification and alignment of articles in line with the Companies Act, 2013.
- Addition of new articles and deletion of redundant ones.
These changes, previously recommended by the Board of Directors on June 29, 2026, were formally ratified by the shareholders, reflecting a strategic move to enhance the company’s operational flexibility and capital structure. The amended MoA and AoA are now available on the company’s official website.
Source: BSE
