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

Sebi PenaltyRegulatory & Legal View source PDF

OIL · price

Loading chart…

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

Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹475.00

prior close

₹465.75

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.1+0.3+0.4+0.3+0.6-0.6+0.5-0.8+0.0-1.0-1.1-0.4+1.7-12.4

Up moveDown movePending

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.