Oil India Limited Approves Quarter End Financial Results and Appoints Cost Auditor for 2026-27
Oil India Limited, a Maharatna CPSE under the Government of India, announced key resolutions following its Board Meeting held on August 7, 2026. The company approved significant operational and financial updates, including the unaudited results for the quarter ending June 30, 2026.The meeting considered and sanctioned the Integrated Financials, which include both Standalone and Consolidated Unaudited Financial Results for the specified quarter. A Limited Review Report from the auditors was also reviewed. Additionally, the company submitted a statement regarding deviation or variation in proceeds from public issues, rights issues, preferential issues, qualified institutions placement, among other details on loans and debt securities.
Appointment of Cost Auditor
A primary decision during the Board meeting was the appointment of M/s Shome & Banerjee as the Cost Auditor for Oil India Limited for the financial year 2026-27.M/s Shome & Banerjee is a partnership firm with extensive experience in cost audit, management consultancy, assurance services, and taxation. The details regarding the appointed firm are as follows:
| Aspect | Detail |
|---|---|
| Firm Name | SHOME & BANERJEE |
| Registration No. | 000001 |
| Status | Partnership Firm |
| Date of Formation | August 8, 1968 |
| Offices | Kolkata, Delhi, Mumbai |
| Number of Partners | Seven (7) |
| Services Offered | Cost Audit Management Consultancy Assurance Services Taxation Other related areas |
OIL Stock Price Movement
Shares of Oil India Limited on Friday slipped by 0.27% to settle at ₹442.8, having shed ₹1.20 during the trading session. The stock saw a total traded volume of 4.23 million shares as it closed near the lower end of its daily range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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