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Oil India Limited ( (IN:OIL) ) has provided an announcement.
Oil India Limited has informed the stock exchanges that its board has reviewed fines imposed by BSE and NSE for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations relating to board composition for the quarter ended 30 September 2025. The board noted that the company had apprised the Ministry of Petroleum and Natural Gas of the penalties and concluded that the lapse was beyond the company’s control, advising management to formally seek a waiver of the fines from the exchanges, even as the exchanges warned of potential promoter share freezes and trading restrictions in case of repeated non-compliance and delayed payment of penalties.
More about Oil India Limited
Oil India Limited is a government-owned enterprise headquartered in Duliajan, Assam, engaged primarily in the exploration, production and transportation of crude oil and natural gas. The company operates within India’s energy sector and is listed on both the BSE and the National Stock Exchange, making it subject to SEBI’s listing and disclosure regulations.
Average Trading Volume: 205,140
Technical Sentiment Signal: Hold
Current Market Cap: 658.7B INR
For a thorough assessment of OIL stock, go to TipRanks’ Stock Analysis page.