Oil India Limited (OIL) — Board Meeting | 29 June 2026

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📢 Key Event
Board approved promotion of executives to Executive Director and recommended MoA/AoA alterations.

🔄 What Changed
Authorized capital increased from Rs. 2000 Crore to Rs. 5000 Crore; MoA and AoA to be altered pending shareholder approval.

💡 Investor Takeaway
Shareholders must approve capital increase and governance changes, potentially affecting future dilution and strategic flexibility.

Oil India Limited announced the outcome of its Board meeting held on 29 June 2026, approving the promotion of senior executives to Executive Director positions and recommending alterations to the Memorandum and Articles of Association, including enhancement of authorized capital to Rs. 5000 Crore and modifications to align with the Companies Act, 2013.

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About Oil India Limited (OIL)

Oil Gas & Consumable Fuels · Oil · Listed on NSE

Market Cap: ₹84,307.08 Cr P/E: 10.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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