Oil India Limited Receives ₹5.42 Lakh Fine from BSE for Independent Director Non-Compliance
BSE Limited has fined Oil India Limited ₹5,42,800 for non-appointment of requisite Independent Directors under SEBI (LODR) Regulations 17(1) for the quarter ended December 2025. The company received notification on 27th February 2026 and clarified that as a Government enterprise, board appointments are made by the Ministry of Petroleum & Natural Gas, making the non-compliance beyond its control. Oil India stated the fine has no material impact on its financials or operations.
