The Board of Directors of Oil India Limited met on February 10, 2026, to approve the Unaudited Financial Results for the Quarter and Nine-months ended December 31, 2025. The Board also declared a Second Interim Dividend of ₹7/- per share (70% of paid-up capital) for FY 2025-26. Furthermore, the company provided an update on the divestment of its 50% stake in Licence-61, Russia, confirming full provisioning for the investment exposure.
Board Meeting Outcome: Financials and Dividend
Oil India Limited announced that its Board of Directors, in a meeting held on Wednesday, February 10, 2026, approved several key items concerning the company’s operations and shareholder returns.
Financial Results Approval
The Board considered and approved the Unaudited Financial Results for two periods:
- The Quarter ended December 31, 2025.
- The Nine-months ended December 31, 2025.
These results were ratified on both Standalone and Consolidated bases, along with the accompanying Limited Review Report from the auditors.
Second Interim Dividend Declaration
The Board announced the declaration of the Second Interim Dividend for the financial year 2025-26:
- Dividend Amount: ₹7/- per share, equivalent to 70% of the paid-up capital.
- Payment Timeline: The dividend will be paid on or before March 11, 2026.
- Record Date: The Record Date fixed for determining the eligibility of shareholders for this dividend payment is Wednesday, February 18, 2026.
Update on Russian Asset Divestment
In a continuation of the International Asset Portfolio rationalisation strategy disclosed previously, the Board provided an update on the divestment of its 50% participating interest (PI) in Licence-61, Russia, held via its subsidiary in the Netherlands.
Key details regarding the non-performing asset (where production was suspended since August 2022) include:
- The concerned entity is currently under bankruptcy administration.
- The process for conclusion is estimated to take approximately 18 months.
- The Company confirms it has fully provided for its investment exposure related to this asset.
Crucially, Oil India affirmed it will continue to remain invested in its two other producing assets in Russia, namely Vankorneft and Taas Yuryakh, which are actively generating dividends.
Meeting Summary
The Board Meeting commenced at 11:00 A.M. and concluded at 04:15 P.M. on the same day.
Source: BSE
