Oil India's 66th AGM approves final dividend, new directors

Oil India Limited held its 66th Annual General Meeting (AGM) on September 18, 2025, conducted virtually. The meeting concluded at 1:57 PM, following its 11:00 AM start. Key agenda items included the adoption of audited financial statements for the year ended March 31, 2025, and the declaration of a final dividend of Rs. 1.50 per share, representing 15% of the paid-up capital for the financial year 2024-25.

Shareholders also approved the re-appointment of Saloma Yomdo as director (exploration & development) and authorized the board to determine the remuneration for the statutory auditors for FY 2025-26. Several new director appointments were made, including Abhijit Majumder as director (finance), Trailukya Borgohain as director (operations), and Dr. Ankur Baruah as director (human resources). Additionally, four independent directors—Balram Nandwani, Raju Revanakar, Pooja Suri, and Moti Lal Meena—were appointed.

The AGM also ratified the remuneration of the cost auditor for the financial year 2025-26 and appointed M/s VAP & Associates as secretarial auditor. Voting was facilitated through remote e-voting via the NSDL Portal from September 14 to September 17, 2025, and continued during the meeting for those who had not yet voted. The results of the e-voting will be shared with stock exchanges and hosted on the company's website within two working days of the AGM's conclusion.