Oil India Limited has disclosed that the National Stock Exchange (NSE) levied a fine of ₹5,42,800/- against the company. This penalty relates to non-compliance concerning the requisite number of Independent Directors on the Board for the quarter ending December, 2025. Oil India stated that the non-compliance was beyond its control, as Director appointments require the approval of the Administrative Ministry, which is actively being pursued.
Regulatory Penalty Disclosure
Oil India Limited has formally disclosed an action taken by a regulatory authority, specifically the National Stock Exchange of India Limited (NSE). The details relate to a fine imposed on the company following the review of the quarter ending December, 2025.
Details of the Non-Compliance and Fine
The primary issue leading to the penalty was the Non-appointment of requisite number of Independent Directors to the Board, constituting a violation of the applicable listing regulations for that period. Consequently, the NSE levied a monetary penalty amounting to Rs. 5,42,800/-.
The official communication detailing the fine was received via an Email dated 27th February, 2026.
Company Response and Impact Assessment
Oil India Limited clarified that, as a Government of India Enterprise, the appointment of Directors is managed by the Administrative Ministry, which is the Ministry of Petroleum & Natural Gas. The company emphasized that this specific non-compliance was beyond the control of the Company. The management has been actively requesting the Ministry for the appointment of the necessary Independent Directors.
Regarding the financial consequences, the company stated that there is None, meaning there is no material impact on financials, operations or other activities of the Company resulting from this specific penalty.
Source: BSE
