Oil India Limited has informed the Exchange regarding 'Board Comments on fine levied by the Exchange '.

Sebi PenaltyRegulatory & Legal View source PDF Explain this filing

OIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹475.00

prior close

₹465.75

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-3.9%+1.6% vs market

Oil peers, median of 15sector · industry level-3.9%+1.6% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Midcap 150 and 1.6 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.3

15m

+0.4

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-3.9+1.6-3.9+1.6

Next day

+0.6-1.5+2.0-1.1+1.6

-0.6+0.8-1.5-2.0+1.3

+0.5-1.4+1.9-3.2+3.7

-0.8-3.9+3.1-8.6+7.7

+0.0-1.8+1.8-3.6+3.6

-1.0-0.7-0.4+1.8-2.8

15d

-1.1+9.0-10.1+12.4-13.6

-0.4+9.3-9.7+9.9-10.3

+1.7+12.2-10.5+16.9-15.2

-12.4+13.0-25.4+20.0-32.4

UpDownMarket · Nifty Midcap 150Sector · Oil peers, median of 15Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Oil India Limited was fined Rs. 5,42,800 (including 18% GST) by the National Stock Exchange for not meeting SEBI's Listing Regulations regarding Board Composition (Regulation 17(1)) for the quarter ended December 31, 2025. The non-compliance spanned 92 days at Rs. 5,000 per day. The company's Board of Directors reviewed the matter on March 20, 2026 and decided to request a waiver of the fine from the stock exchanges, stating that the non-compliance was beyond the company's control. As a government-owned Maharatna PSU, board appointments are made by the Government of India, which likely caused the delay in meeting composition requirements.

Likely market impact

The financial impact is negligible for a company of Oil India's size, but the filing highlights a governance compliance issue common to government PSUs. Shareholders should note that the fine may keep increasing daily until compliance is achieved, though the company is actively seeking a waiver.