Oil India Fined ₹19.3 Lakhs by NSE & BSE for Governance Lapses

Oil India Ltd has been fined ₹9,66,420 each by the National Stock Exchange (NSE) and BSE Limited (BSE) for non-compliance with SEBI (LODR) Regulations, 2015. The violations pertain to the non-appointment of the requisite number of Independent Directors, including a Woman Independent Director, and the composition of the Audit Committee and Nomination & Remuneration Committee for the quarter ended June 2026. The company stated that these non-compliances are beyond its control as directors are appointed by the President of India through the Ministry of Petroleum & Natural Gas. Oil India has been consistently requesting the ministry for the appointment of necessary directors. The company asserts there is no material impact on its financials, operations, or other activities.