Oil India Limited Requests Waiver of Fines Levied by Stock Exchange for Listing Regulations Non-Compliance
Oil India Limited (OIL) has approached the Stock Exchanges, requesting a waiver of fines imposed regarding non-compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The penalty was levied for the quarter ending March 31, 2026.The matter concerning the fine imposition was placed before the Board of Directors of Oil India Limited during a meeting held on June 29, 2026. The Company has advised Stock Exchanges to consider a waiver of the imposed fines, citing that the non-compliance was beyond the control of the Company.
Fine Details Revealed by NSE
The National Stock Exchange of India (NSE) had previously notified Oil India regarding multiple instances of non-compliance or delayed compliance with Listing Regulations for the quarter ending March 31, 2026. The total fine payable amounted to Rs. 549,880, including GST.The penalty was assessed across several regulations:
| Regulation | Quarter | Fine Amount (Rs.) | No. of Days/Instances |
|---|---|---|---|
| REGULATION 17(1) | 31-Mar-2026 | 450,000 | 90 |
| REGULATION 18(1) | 31-Mar-2026 | 8,000 | 4 |
| REGULATION 19(1)/19(2) | 31-Mar-2026 | 8,000 | 4 |
The total fine for the Company amounted to Rs. 4,66,000, with GST @18% accounting for an additional Rs. 83,880, making the Total Fine Payable (Inclusive of GST) Rs. 549,880. The Stock Exchanges also noted that the fine amount would continue to increase daily if compliance was not achieved.
OIL Stock Price Movement
As of 10:40 AM, shares of Oil India Limited are gaining ground to ₹414.00, rising 0.30% in live trading. The stock maintains steady movement throughout the session, with over 763,927 shares traded so far during the market activity.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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