Oil India Limited has informed the Exchange about Fine imposed by BSE and NSE
OIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Midcap 150 and 1.0 pts more than its Oil Exploration & Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Oil India Limited, a Government of India CPSE, has been fined Rs. 5,49,880 each by both BSE and NSE (total Rs. 10,99,760) for non-compliance with SEBI (LODR) Regulations for the quarter ended March 2026. The violations relate to failure to appoint the required number of Independent Directors (including one Woman Independent Director) and non-compliance with the composition requirements for the Audit Committee and Nomination & Remuneration Committee. The company has clarified that as a Government Company, Director appointments are made by the President of India through the Ministry of Petroleum & Natural Gas, and they have been regularly requesting the ministry for the required appointments. The company states there is no material financial impact from this penalty.
The fine is relatively small (~Rs 11 lakh) and unlikely to materially impact the company's finances, but it highlights ongoing governance compliance issues related to board composition at this government-owned entity.