Oil India Limited has informed the Exchange regarding 'Board comments on fines levied by NSE BSE'.

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

-1.3%Reaction day

₹446.80

prior close

₹448.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.5%-1.9% vs market

Oil peers, median of 14sector · industry level+1.1%-2.5% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Midcap 150 and 2.5 pts less 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

-0.4

10m

-0.2

15m

-0.1

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+0.5-1.9+1.1-2.5

Next day

-1.0+1.1-2.1+0.8-1.8

-2.3+1.5-3.8+0.8-3.1

-2.7+2.2-4.8+0.3-3.0

-2.8+2.0-4.7+0.1-2.8

-2.3+1.9-4.2-0.3-2.0

-0.2+2.1-2.3+0.4-0.6

15d

-0.1+2.2-2.3+0.6-0.6

-2.7-0.1-2.6-2.0-0.7

-8.6-0.4-8.2-2.7-5.9

-7.4-0.7-6.8-7.7+0.3

UpDownMarket · Nifty Midcap 150Sector · Oil peers, median of 14Pending

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

AI summary

Oil India Limited was fined a total of Rs. 11,82,000 (plus 18% GST = Rs. 13,94,760) by NSE for not meeting SEBI (LODR) Regulations related to Board composition for the quarter ended 31 March 2025. The non-compliance was due to a shortage of Independent Directors on the Board. The company has since appointed 3 Independent Directors on 28 March 2025 and 1 more on 17 May 2025, making it fully compliant. The Board, in its meeting on 24 June 2025, decided to formally request the Stock Exchanges to waive the fines, stating the non-compliance was beyond the company's control since director appointments are made by the Ministry of Petroleum and Natural Gas. The Ministry has already been informed about the fine.

Likely market impact

The fine amount (~Rs. 14 lakh) is immaterial for Oil India Limited and unlikely to materially affect the stock price. However, the issue highlights that Board composition gaps in government-controlled CPSEs are common. The company is now compliant, and the waiver request is expected to be considered favourably given that the underlying cause has been remedied.