Oil India Limited Seeks Waiver for Fines Related to Board Composition
Oil India Limited announced on March 23, 2026, that the matter concerning fines imposed for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended December 31, 2025, was reviewed by the Board of Directors in a meeting held on March 20, 2026. The Board advised the company to request a waiver of the fines from the stock exchanges.The total fine payable, including GST, amounts to ₹542,800.
According to a notice from the National Stock Exchange of India Limited, Oil India Limited is requested to file a waiver application through the NEAPS portal. This application must include reasons for the waiver request and indicate if a personal hearing is desired. Compliance with the relevant regulations is a prerequisite for the waiver application to be processed. Companies with multiple non-compliance issues are advised to submit a single application detailing all relevant regulations and quarters. A non-refundable processing fee of ₹10,000 plus 18% GST is required if the fine amount exceeds ₹5,000.
| Regulation | Quarter | Fine amount per day (Rs.) / Fine amount per instance (Rs.) | No. of days of non- compliance / No. of instance(s) | Fine amount (Rs.) |
|---|---|---|---|---|
| REGULATION 17(1) | 31-Dec- 2025 | 5000 | 92 | 460000 |
| Total Fine | Total Fine | Total Fine | Total Fine | 460000 |
| GST @18% | GST @18% | GST @18% | GST @18% | 82800 |
| Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | Total Fine Payable (Inclusive of GST) | 542800* |
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