OIL INDIA LTD.

Oil India Ltd has issued an e-mail communication to its shareholders regarding the deduction of Tax at Source (TDS) on the Final Dividend for the financial year 2025-2026. The company will deduct applicable tax at source on the dividend payment, as per the Income Tax Act. Shareholders can find detailed information on TDS on dividend on the company's website. They are also advised to update their personal details, including PAN and bank account information, with their Depository Participant or Registrar and Transfer Agent (KFin Technologies Limited) by September 7, 2026, to ensure smooth processing of the dividend. The recommended final dividend is ₹1/- per share, subject to AGM approval.

Oil India Ltd announced the appointment of M/s Shome & Banerjee, Cost Accountants, as the Cost Auditor for the Financial Year 2026-27. This decision was made during the Board of Directors' meeting held on August 7, 2026. The company also considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026, on both standalone and consolidated bases, along with the Limited Review Report. The brief profile of the appointed cost auditor, Shome & Banerjee, highlights their status as a partnership firm established in 1968, with seven partners and offices in Kolkata, Delhi, and Mumbai, offering services including cost audit, management consultancy, and taxation.

Oil India Limited (OIL) announced its unaudited financial results for Q1 FY27, reporting its highest-ever standalone Profit After Tax (PAT) of ₹2,870 Crore, a 2.5 times increase year-on-year from ₹813 Crore in Q1 FY26. This surge was driven by an 11% growth in crude oil production and a crude oil price realization of USD 98.73/bbl. Consolidated PAT also saw significant growth, rising 97% YoY to ₹4,027 crore. The company produced 0.950 MMT of crude oil in Q1FY27. Its subsidiary, NRL, achieved a 167% PAT growth to ₹1,305 crore with a GRM of $35.95/bbl. OIL also reported a natural gas discovery in the Andaman Basin and set a new onshore well displacement record in Assam.

Oil India Ltd announced its unaudited financial results for the quarter ended June 30, 2026, on both standalone and consolidated bases. The Board of Directors considered and approved these results, along with the Auditors' Limited Review Report. The company also appointed M/s Shome & Banerjee as the Cost Auditor for the Financial Year 2026-27. The Board meeting commenced at 03:00 p.m. and concluded at 06:25 p.m.

Oil India Ltd announced its unaudited financial results for the quarter ended June 30, 2026, on both standalone and consolidated bases. The Board of Directors considered and approved these results, along with the Auditors' Limited Review Report. The company also appointed M/s Shome & Banerjee as the Cost Auditor for the Financial Year 2026-27. The Board meeting commenced at 03:00 p.m. and concluded at 06:25 p.m.

Oil India Ltd (OIL) has provided updates on ongoing tax litigations concerning Goods and Services Tax (GST) on royalty payments and the Assam Taxation (on Specified Lands) Act, 1990. Regarding GST on royalty, the company contends it is not payable, and the matter is pending before the Supreme Court. OIL has agreed to deposit GST as per law, subject to the final outcome. For the Assam State tax, OIL challenged a demand of approximately ₹2484.81 crores for 2005-2024. The State of Assam has now informed the court of its intention to withdraw this specific land tax, leading to the disposal of related cases by the Supreme Court.

Oil India Ltd has announced a change in senior management. Shri Jyoti Prakash Paramananda Das, who holds the position of ED & CEO at Arunachal Gas Private Limited (a subsidiary), will be superannuating from his services with the company. His retirement is effective after the close of working hours on July 31, 2026. This announcement is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with the Municipal Corporation of Delhi (MCD) to establish Compressed Bio-Gas (CBG) plants utilizing segregated organic municipal solid waste in Delhi. The initiative aims to convert waste into renewable energy, reduce landfill dependency, and support India's energy transition goals. Initially, two plants with capacities of 500 TPD and 300 TPD are planned, expected to produce 30-32 TPD of CBG. This partnership aligns with OIL's strategy to expand its waste-to-energy portfolio and contribute to national objectives like Swachh Bharat Mission and Net Zero.

Oil India Ltd has announced the closure of its trading window, effective from July 1st, 2026. This closure is in continuation of a previous intimation and is necessitated by an upcoming Board Meeting scheduled for August 7th, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results for the quarter ended June 30th, 2026. The trading window will remain shut until August 9th, 2026, ensuring compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Oil India Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026. The results will be presented on both standalone and consolidated bases, in compliance with SEBI (LODR) Regulations, 2015.