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Oil India Limited ( (IN:OIL) ) has shared an update.
Oil India Limited has been fined Rs. 5,42,800 each by the National Stock Exchange (NSE) and BSE Limited for not appointing the required number of Independent Directors for the quarter ending September 2025, as per Regulation 17(1) of SEBI (LODR) Regulations, 2015. The company stated that the non-compliance was beyond its control as the appointments are made by the Ministry of Petroleum & Natural Gas, and it has requested the ministry to make the necessary appointments. Despite the fines, there is no material impact on the company’s financials or operations.
More about Oil India Limited
Oil India Limited is a Maharatna Central Public Sector Enterprise under the Government of India. It operates in the oil and gas industry, focusing on the exploration, development, and production of crude oil and natural gas. The company is headquartered in Noida, Uttar Pradesh, and plays a significant role in India’s energy sector.
Average Trading Volume: 206,060
Technical Sentiment Signal: Buy
Current Market Cap: 688.5B INR
For a thorough assessment of OIL stock, go to TipRanks’ Stock Analysis page.