Indian Oil Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 30, 2025
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Awaiting price reaction for this filing.
Indian Oil Corporation held its 66th AGM on August 30, 2025, via video conferencing, from 10:00 am to 1:30 pm, chaired by Chairman Shri A.S. Sahney. A total of 23 resolutions were placed before shareholders, including adoption of audited FY25 financial statements, declaration of a dividend of Rs. 3 per equity share, appointment and reappointment of several directors (including Chairman Sahney as Whole-time Director), and reappointment of three independent directors. Shareholder queries covered financial performance, capex, expansion plans, dividend, bonus, hydrogen as fuel, and crude oil pricing. The auditor's report was unmodified, with nil comments from the CAG. Voting results from remote e-voting (Aug 27-29) and e-voting at the meeting are to be announced separately within the prescribed timeline.
The Rs. 3 per share dividend for FY25 is the key shareholder takeaway from this filing. The AGM also signals board continuity with multiple director appointments and clearance of related-party transactions with key JVs and subsidiaries, which is largely procedural but confirms ongoing operational alignment across the IndianOil group.