AGM/EGM18 Sept 2026, 07:50 pm
Oil India Ltd: Shareholders Approve MoA & AoA Amendments
AI Summary
Oil India Ltd announced that its shareholders, at the 67th Annual General Meeting held on September 17, 2026, approved significant amendments to the company's Memorandum of Association (MoA) and Articles of Association (AoA). These amendments include changes to the Objects Clause, an increase in authorized share capital from ₹2000 Crore to ₹5000 Crore, and modifications to the Articles of Association to align with the Companies Act, 2013 and support the company's corporate strategy and Net Zero initiatives. The Board of Directors had previously recommended these alterations on June 29, 2026.
Key Highlights
- Shareholders approved amendments to MoA and AoA at the AGM.
- Authorized share capital increased from ₹2000 Cr to ₹5000 Cr.
- MoA changes include Objects Clause and Capital Clause amendments.
- AoA modifications align with Companies Act, 2013 and strategy.
- Amendments support corporate strategy and Net Zero initiatives.
Price Impact
More from OIL