General information about company |
|
|---|---|
| Scrip Code | 530965 |
| NSE Symbol | IOC |
| MSEI Symbol | NOTLISTED |
| ISIN | INE242A01010 |
| Name of the entity | Indian Oil Corporation Limited |
| Date of start of financial year | 01-Apr-2025 |
| Date of end of financial year | 31-Mar-2026 |
| Reporting Quarter | Yearly |
| Date of Quarter Ending | 31-Mar-2026 |
| Type of company | Equity |
| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | Yes |
| Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? | Yes |
| Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? | No |
| Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity | During the quarter January-March 2026, there were no acquistions more than the threshold limits specified under Para A(1) of Part A of Schedule III of SEBI LODR. |
| Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? | Yes |
| Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? | Yes |
| Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? | Yes |
| Risk management committee | Yes |
| Market Capitalisation as per immediate previous Financial Year | Top 100 listed entities |
| Is SCORE ID Available ? | Yes |
| SCORE Registration ID | i00086 |
| Reason For No SCORE ID | |
| Type of Submission | New |
| Remarks (website dissemination) | |
Annexure I |
||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annexure I to be submitted by listed entity on quarterly basis | ||||||||||||||||||||||||||
| I. Composition of Board of Directors |
| Disclosure of notes on composition of board of directors explanatory | In view of non-availability of independent directors, the committee has been discontinued w.e.f 28-03-2026, till such time new Independent Directors are appointed on the Board and the Committee is reconstituted. | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Whether the listed entity has a Regular Chairperson | Yes | |||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | No | Disqualification of Directors under section 164 of the Companies Act, 2013 | ||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN |
| 1 | Mr. | Arvinder Singh Sahney | 10652030 | Executive Director | Chairperson | 09-Oct-1970 | No | Active | NA | 13-Nov-2024 | 3 | 0 | 0 | 0 | ||||||||||||
| 2 | Mr. | Anuj Jain | 10310088 | Executive Director | Not Applicable | 23-Oct-1971 | No | Active | NA | 09-Oct-2023 | 1 | 0 | 1 | 0 | ||||||||||||
| 3 | Mr. | Alok Sharma | 10453982 | Executive Director | Not Applicable | 24-Mar-1966 | No | Active | NA | 16-Jan-2024 | 31-Mar-2026 | 1 | 0 | 0 | 0 | Tenure Completion | ||||||||||
| 4 | Ms. | Rashmi Govil | 10531397 | Executive Director | Not Applicable | 12-Sep-1970 | No | Active | NA | 15-Mar-2024 | 1 | 0 | 1 | 0 | ||||||||||||
| 5 | Mr. | Arvind Kumar | 09224177 | Executive Director | Not Applicable | 17-Oct-1967 | No | Active | NA | 17-Jul-2024 | 1 | 0 | 0 | 0 | ||||||||||||
| 6 | Mr. | Suman Kumar | 09724749 | Executive Director | Not Applicable | 15-Jul-1968 | No | Active | NA | 26-Feb-2025 | 1 | 0 | 0 | 0 | ||||||||||||
| 7 | Mr. | Saumitra Priya Srivastava | 10236956 | Executive Director | Not Applicable | 13-Oct-1967 | No | Active | NA | 03-Oct-2025 | 1 | 0 | 0 | 0 | ||||||||||||
| 8 | Ms. | Esha Srivastava | 08504560 | Non-Executive - Nominee Director | Not Applicable | 09-Jun-1980 | No | Active | NA | 20-Jun-2025 | 1 | 0 | 0 | 0 | ||||||||||||
| 9 | Ms. | Sujata Sharma | 07775238 | Non-Executive - Nominee Director | Not Applicable | 15-Jul-1976 | No | Active | NA | 11-May-2024 | 1 | 0 | 0 | 0 | ||||||||||||
| 10 | Mr. | Prasenjit Biswas | 09398565 | Non-Executive - Independent Director | Not Applicable | 20-Jan-1958 | No | Active | NA | 28-Mar-2025 | 27-Mar-2026 | 12 | 1 | 1 | 1 | 1 | Tenure Completion | |||||||||
| 11 | Mr. | Krishnan Sadagopan | 09397902 | Non-Executive - Independent Director | Not Applicable | 20-May-1967 | No | Active | NA | 28-Mar-2025 | 27-Mar-2026 | 12 | 1 | 1 | 1 | 1 | Tenure Completion | |||||||||
| 12 | Mr. | Dattatreya Rao Sirpurker | 09400251 | Non-Executive - Independent Director | Not Applicable | 22-Aug-1957 | No | Active | NA | 28-Mar-2025 | 27-Mar-2026 | 12 | 1 | 1 | 1 | 0 | Tenure Completion | |||||||||
Annexure 1 |
|
|---|---|
II. Composition of Committees |
|
| Disclosure of notes on composition of committees explanatory | .The term of 3 Independent Directors on the Board of IndianOil ended on 27.03.2026. In view of non-availability of independent directors, the committee has been discontinued w.e.f 28-03-2026, till such time new Independent Directors are appointed on the Board and the Committee is reconstituted. In view thereof, the other committee members ceased to be members of committees w.e.f. 28.03.2026. |
Audit Committee Details |
|
|---|---|
| Whether the Audit Committee has a Regular Chairperson | Yes |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 09398565 | Prasenjit Biswas | Non-Executive - Independent Director | Chairperson | 01-Apr-2025 | 27-Mar-2026 | |
| 2 | 09400251 | Dattatreya Rao Sirpurker | Non-Executive - Independent Director | Member | 01-Apr-2025 | 27-Mar-2026 | |
| 3 | 09397902 | Krishnan Sadagopan | Non-Executive - Independent Director | Member | 01-Apr-2025 | 27-Mar-2026 |
Nomination and remuneration committee |
|
|---|---|
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 09400251 | Dattatreya Rao Sirpurker | Non-Executive - Independent Director | Chairperson | 01-Apr-2025 | 27-Mar-2026 | |
| 2 | 09397902 | Krishnan Sadagopan | Non-Executive - Independent Director | Member | 01-Apr-2025 | 27-Mar-2026 | |
| 3 | 09398565 | Prasenjit Biswas | Non-Executive - Independent Director | Member | 01-Apr-2025 | 27-Mar-2026 | |
| 4 | 10652030 | Arvinder Singh Sahney | Executive Director | Member | 13-Nov-2024 | 27-Mar-2026 |
Stakeholders Relationship Committee |
||
|---|---|---|
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 09397902 | Krishnan Sadagopan | Non-Executive - Independent Director | Chairperson | 01-Apr-2025 | 27-Mar-2026 | |
| 2 | 09398565 | Prasenjit Biswas | Non-Executive - Independent Director | Member | 01-Apr-2025 | 27-Mar-2026 | |
| 3 | 10310088 | Anuj Jain | Executive Director | Member | 09-Oct-2023 | 27-Mar-2026 | |
| 4 | 10531397 | Rashmi Govil | Executive Director | Member | 15-Mar-2024 | 27-Mar-2026 |
Risk Management Committee |
|
|---|---|
| Whether the Risk Management Committee has a Regular Chairperson | Yes |
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 10652030 | Arvinder Singh Sahney | ED | Chairperson | 13-Nov-2024 | 27-Mar-2026 | |
| 2 | 09397902 | Krishnan Sadagopan | ID | Member | 01-Apr-2025 | 27-Mar-2026 | |
| 3 | 10310088 | Anuj Jain | ED | Member | 09-Oct-2023 | 27-Mar-2026 | |
| 4 | 09224177 | Arvind Kumar | ED | Member | 17-Jul-2024 | 27-Mar-2026 | |
| 5 | 09724749 | Suman Kumar | ED | Member | 26-Feb-2025 | 27-Mar-2026 | |
| 6 | 10236956 | Saumitra Priya Srivastava | ED | Member | 03-Oct-2025 | 27-Mar-2026 | |
| 7 | 99999999 | Arvind Acharya | Chief Risk Officer | Member | 01-Jan-2025 | 27-Mar-2026 | Textual Information(1) |
Text Block |
|
| Textual Information(1) | Shri Arvind Acharya, Chief Risk Officer, member of RMC but not a Director on the Board of the Company. Hence DIN not applicable to him. |
Annexure 1 |
||||||||
|---|---|---|---|---|---|---|---|---|
| III. Meeting of Board of Directors | ||||||||
| Disclosure of notes on meeting of board of directors explanatory | ||||||||
| Sr | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* | |
| 1 | 27-Oct-2025 | Yes | 12 | 11 | 3 | |||
| 2 | 12-Dec-2025 | 45 | Yes | 12 | 11 | 3 | ||
| 3 | 05-Feb-2026 | 54 | Yes | 12 | 11 | 3 | ||
| 4 | 06-Mar-2026 | 28 | Yes | 12 | 11 | 3 | ||
| 5 | 27-Mar-2026 | 20 | Yes | 12 | 11 | 3 | ||
Annexure 1 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| IV. Meeting of Committees | ||||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 27-Oct-2025 | Yes | 3 | 2 | 2 | 0 | |||
| 2 | Audit Committee | 04-Feb-2026 | 99 | Yes | 3 | 3 | 3 | 0 | ||
| 3 | Audit Committee | 26-Mar-2026 | 49 | Yes | 3 | 3 | 3 | 0 | ||
| 4 | Stakeholders Relationship Committee | 05-Feb-2026 | Yes | 4 | 4 | 2 | 0 | |||
| 5 | Nomination and remuneration committee | 10-Jan-2026 | Yes | 4 | 4 | 3 | 0 | |||
| 6 | Nomination and remuneration committee | 13-Mar-2026 | 61 | Yes | 4 | 4 | 3 | 0 | ||
| 7 | Risk Management Committee | 27-Mar-2026 | 13 | Yes | 5 | 5 | 1 | 1 | ||
Annexure 1 |
||
|---|---|---|
| VI. Affirmations | ||
| Sr | Subject | Compliance status (Yes/No) |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | No |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) | Yes |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes |
| 9 | Any comments/observations/advice of Board of Directors may be mentioned here: | IndianOil has not been able to comply with the requirement of 50% Independent Directors, 50% Non-Executive Directors and 1 Woman Independent Director on its Board as IndianOil being a Government Company under the administrative control of the Ministry of Petroleum & Natural Gas, the power to appoint Directors on the Board vests with Government. The matter is being pursued regularly by IndianOil with Government of India. The Board of Directors had a qualified and independent Audit Committee comprising of 3 Independent Directors with Chairperson being an Independent Director up to 27.03.2026. However, w.e.f 28.03.2026 till end of quarter, i.e. 31.03.2026 due to non-availability of independent directors, the committee has been discontinued till such time new Independent Directors are appointed on the Board and the Committee is reconstituted. Upto 27.03.2026 the Company had duly constituted Nomination and Remuneration Committee comprised of 4 members with 3 Independent Directors including Chairman of the committee and Chairman, IndianOil being members of Nomination and Remuneration Committee. However, w.e.f 28.03.2026 till end of quarter, i.e. 31.03.2026 due to nonavailability of independent directors, the committee has been discontinued till such time new Independent Directors are appointed on the Board and the Committee is reconstituted. Upto 27.03.2026 the Company had duly constituted Stakeholders Relationship Committee comprised of 4 members with 2 Independent Directors with Chairperson being an Independent Director. However, w.e.f 28.03.2026 till end of quarter, i.e. 31.03.2026 due to nonavailability of independent directors, the committee has been discontinued till such time new Independent Directors are appointed on the Board and the Committee is reconstituted Upto 27.03.2026 the Company had duly constituted Risk Management Committee comprised of 7 members with 1 Independent Director . However, w.e.f 28.03.2026 till end of quarter, i.e. 31.03.2026 due to nonavailability of independent director, the committee has been discontinued till such time new Independent Directors are appointed on the Board and the Committee is reconstituted. |
|---|
Annexure 1 |
||
|---|---|---|
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Kamal Kumar Gwalani |
| 2 | Designation | Company Secretary and Compliance Officer |
Details of Cyber security incidence |
||
|---|---|---|
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | No | |
| Other details of cyber security incidence or breaches or loss of data event | ||
| Number of cyber security incidence or breaches or loss of data event occurred during the quarter | ||
| Sr | Date of the event | Brief details of the event |
|---|
| Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year) | ||||
|---|---|---|---|---|
| I. Disclosure on website in terms of LODR Regulation | ||||
| Sr | Item | Compliance status (Yes/No/NA) | If status is No details of non-compliance may be given here. | Web address |
| 1.1 | Details of business | Yes | www.iocl.com | |
| 1.2 | Memorandum of Association and Articles of Association | Yes | https://www.iocl.com/uploads/IOCLMoAAoAWebsiteHosting.pdf | |
| 1.3 | Brief profile of board of directors including directorship and full time positions in body corporates | Yes | https://iocl.com/pages/our-leadership | |
| 2 | Terms and conditions of appointment of independent directors | Yes | https://www.iocl.com/InvestorCenter/PDF/IndependentDirectors.pdf | |
| 3 | Composition of various committees of board of directors | Yes | https://iocl.com/InvestorCenter/PDF/BoardCommittees20260331.pdf | |
| 4 | Code of conduct of board of directors and senior management personnel | Yes | https://www.iocl.com/download/Code_of_Practices_and_Procedure_for_Fair_Disclosure.pdf | |
| 5 | Details of establishment of vigil mechanism or whistle blower policy | Yes | https://www.iocl.com/InvestorCenter/pdf/Whistle_Blower_policy.pdf | |
| 6 | Criteria of making payments to non-executive directors | Yes | https://www.iocl.com/InvestorCenter/PDF/IndependentDirectors.pdf | |
| 7 | Policy on dealing with related party transactions | Yes | https://www.iocl.com/download/RPT_Policy.pdf | |
| 8 | Policy for determining material subsidiaries | Yes | https://www.iocl.com/download/Material_Subsidiary_Policy.pdf | |
| 9 | Details of familiarization programmes imparted to independent directors | Yes | https://iocl.com/download/IDFP2025.pdf | |
| 10 | Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances | Yes | https://www.iocl.com/pages/investor-centre | |
| 11 | Email address for grievance redressal and other relevant details | Yes | https://www.iocl.com/pages/investor-centre | |
| 12 | Financial results | Yes | https://www.iocl.com/pages/FinancialResults | |
| 13 | Shareholding pattern | Yes | https://www.iocl.com/shareholding-pattern | |
| 14 | Details of agreements entered into with the media companies and/or their associates | NA | ||
| 15.1 | Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet | Yes | https://www.iocl.com/pages/conference-call-with-analysts-investors | |
| 15.2 | Audio or video recordings and transcripts of post earnings/quarterly calls | Yes | https://www.iocl.com/pages/conference-call-with-analysts-investors | |
| 16 | New name and the old name of the listed entity | NA | ||
| 17 | Advertisements as per regulation 47 (1) | Yes | https://www.iocl.com/pages/notices-overview | |
| 18 | Credit rating or revision in credit rating obtained | Yes | https://iocl.com/download/IndianOil-Credit-Ratings-as-on-14Oct2025.pdf | |
| 19 | Separate audited financial statements of each subsidiary of the listed entity | Yes | https://www.iocl.com/pages/AnnualReports | |
| 20 | Secretarial compliance report | Yes | https://iocl.com/admin/img/UploadedFiles/IntimationStockExchanges/Images/3a8a1fd42f364bc4aca23320796a828e.pdf | |
| 21 | Materiality policy as per regulation 30 (4) | Yes | https://iocl.com/uploads/IOCLPolicyonMaterialityofeventsorinformation.pdf | |
| 22 | Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) | Yes | https://iocl.com/uploads/IOCLPolicyonMaterialityofeventsorinformation.pdf | |
| 23 | Disclosures under regulation 30(8) | Yes | https://www.iocl.com/intimation-stock-exchange | |
| 24 | Statements of deviation(s) or variations(s) as specified in regulation 32 | NA | ||
| 25 | Dividend distribution policy as specified in regulation 43A (1) | Yes | https://www.iocl.com/Download/Dividend-Distribution-Policy.pdf | |
| 26.1 | Annual return as provided under section 92 of the Companies Act 2013 | Yes | https://www.iocl.com/annual-return | |
| 26.2 | Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021 | |||
| 27 | Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) | Yes | www.iocl.com | |
| 28 | Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation | Yes | www.iocl.com | |
| 29 | Disclosure of notes on website in terms of Listing Regulations explanatory | |||
Annexure II |
||||
|---|---|---|---|---|
| II. Annual Affirmations | ||||
| Sr | Particulars | Regulation Number | Compliance status (Yes/No/NA) | If status is No details of non-compliance may be given here. |
| 1 | Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility | 16(1)(b) | Yes | |
| 2 | Board Composition | 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) | No | IndianOil has not been able to comply with the requirement of 50% Independent Directors, 50% Non-Executive Directors and 1 Woman Independent Director on its Board as IndianOil being a Government Company under the administrative control of the Ministry of Petroleum & Natural Gas, the power to appoint Directors on the Board vests with Government. The matter is being pursued regularly by IndianOil with Government of India. |
| 3 | Meeting Of Board Of Directors | 17(2) | Yes | |
| 4 | Quorum of board meeting | 17(2A) | Yes | |
| 5 | Review of Compliance Reports | 17(3) | Yes | |
| 6 | Plans for orderly succession for appointments | 17(4) | Yes | |
| 7 | Code of Conduct | 17(5) | Yes | |
| 8 | Fees/compensation | 17(6) | Yes | |
| 9 | Minimum Information | 17(7) | Yes | |
| 10 | Compliance Certificate | 17(8) | Yes | |
| 11 | Risk Assessment & Management | 17(9) | Yes | |
| 12 | Performance Evaluation of Independent Directors | 17(10) | NA | |
| 13 | Recommendation of Board | 17(11) | Yes | |
| 14 | Maximum number of Directorships | 17A | Yes | |
| 15 | Composition of Audit Committee | 18(1) | Yes | |
| 16 | Meeting of Audit Committee | 18(2) | Yes | |
| 17 | Role of Audit Committee and information to be reviewed by the audit committee | 18(3) | Yes | |
| 18 | Composition of nomination & remuneration committee | 19(1) & (2) | Yes | |
| 19 | Quorum of Nomination and Remuneration Committee meeting | 19(2A) | Yes | |
| 20 | Meeting of Nomination and Remuneration Committee | 19(3A) | Yes | |
| 21 | Role of Nomination and Remuneration Committee | 19(4) | Yes | |
| 22 | Composition of Stakeholder Relationship Committee | 20(1), 20(2) & 20(2A) | Yes | |
| 23 | Meeting of Stakeholders Relationship Committee | 20(3A) | Yes | |
| 24 | Role of Stakeholders Relationship Committee | 20(4) | Yes | |
| 25 | Composition and role of risk management committee | 21(1),(2),(3),(4) | Yes | |
| 26 | Meeting of Risk Management Committee | 21(3A) | Yes | |
| 27 | Quorum of Risk Management Committee meeting | 21(3B) | Yes | |
| 28 | Gap between the meetings of the Risk Management Committee | 21(3C) | Yes | |
| 29 | Vigil Mechanism | 22 | Yes | |
| 30 | Policy for related party Transaction | 23(1), (1A), (5), (6), & (8) | Yes | |
| 31 | Prior or Omnibus approval of Audit Committee for all related party transactions | 23(2), (3) | Yes | |
| 32 | Approval for material related party transactions | 23(4) | Yes | |
| 33 | Disclosure of related party transactions on consolidated basis | 23(9) | Yes | |
| 34 | Composition of Board of Directors of unlisted material Subsidiary | 24(1) | NA | |
| 35 | Other Corporate Governance requirements with respect to subsidiary of listed entity | 24(2),(3),(4),(5) & (6) | Yes | |
| 36 | Alternate Director to Independent Director | 25(1) | NA | |
| 37 | Maximum Tenure | 25(2) | Yes | |
| 38 | Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism | 25(2A) | Yes | |
| 39 | Meeting of independent directors | 25(3) & (4) | Yes | |
| 40 | Familiarization of independent directors | 25(7) | Yes | |
| 41 | Declaration from Independent Director | 25(8) & (9) | Yes | |
| 42 | Directors and Officers insurance | 25(10) | Yes | |
| 43 | Confirmation with respect to appointment of Independent Directors who resigned from the listed entity | 25(11) | NA | |
| 44 | Memberships in Committees | 26(1) | Yes | |
| 45 | Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel | 26(3) | Yes | |
| 46 | Policy with respect to Obligations of directors and senior management | 26(2) & 26(5) | Yes | |
| 47 | Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity | 26(6) | Yes | |
| 48 | Vacancies in respect Key Managerial Personnel | 26A(1) & 26A(2), 26A(3) | Yes | |
| Any other information to be provided - Add Notes | ||||
| Annexure II | ||
|---|---|---|
| III. Affirmations | ||
| Sr | Particulars | Compliance status (Yes/No/NA) |
| 1 | The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied | NA |
| Any other information to be provided | ||
| Annexure II | ||
|---|---|---|
| 1 | Name of signatory | Kamal Kumar Gwalani |
| 2 | Designation | Company Secretary and Compliance Officer |
Additional Half yearly Disclosure |
|||
|---|---|---|---|
| Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc. | |||
| I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below | |||
| (A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to | |||
| Entity | Aggregate amount advanced during six months | Balance outstanding at the end of six months | |
| Promoter or any other entity controlled by them | 0 | 0 | |
| Promoter Group or any other entity controlled by them | 0 | 0 | |
| Directors (including relatives) or any other entity controlled by them | 0 | 0 | |
| KMPs or any other entity controlled by them | 0 | 0 | |
| (B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By | |||
| Entity | Type (guarantee, comfort letter etc.) | Aggregate amount of issuance during six months | Balance outstanding at the end of six months(taking into account any invocation) |
| Promoter or any other entity controlled by them | 0 | 0 | 0 |
| Promoter Group or any other entity controlled by them | 0 | 0 | 0 |
| Directors (including relatives) or any other entity controlled by them | 0 | 0 | 0 |
| KMPs or any other entity controlled by them | 0 | 0 | 0 |
| (C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by | |||
| Entity | Type of security (cash, shares etc.) | Aggregate value of security provided during six months | Balance outstanding at the end of six months |
| Promoter or any other entity controlled by them | 0 | 0 | 0 |
| Promoter Group or any other entity controlled by them | 0 | 0 | 0 |
| Directors (including relatives) or any other entity controlled by them | 0 | 0 | 0 |
| KMPs or any other entity controlled by them | 0 | 0 | 0 |
| (D) Additional Information | |||
| II. Affirmations | |||
| Affirmations | Compliance Status | Company Remarks | |
| All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. | Yes | ||
| Name | Anuj Jain | ||
| Designation | Chief Financial Officer | ||
| Place | New Delhi | ||
| Date | 20-Apr-2026 | ||
Signatory Details |
|
|---|---|
| Name of signatory | Kamal Kumar Gwalani |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Mumbai |
| Date | 29-Apr-2026 |
Investor Grievance Details |
|
|---|---|
| No. of investor complaints pending at the beginning of Quarter | 0 |
| No. of investor complaints received during the Quarter | 16 |
| No. of investor complaints disposed off during the Quarter | 11 |
| No. of investor complaints those remaining unresolved at the end of the Quarter | 5 |
Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies- |
|||||
|---|---|---|---|---|---|
| Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies | |||||
| Sr. No. | Name of the unlisted company in which shares or voting rights have been acquired | Date of acquisition | Aggregate holding (% shares or voting rights) as at the end of the previous quarter | % shares or voting rights acquired during the quarter | Aggregate holding (% shares or voting rights) as at the end of the quarter |
Disclosure of Imposition of Fine or Penalty |
|||||
|---|---|---|---|---|---|
| Any Other Information for Disclosure of Imposition of Fine or Penalty | |||||
| Sr. No. | Name of the authority | Nature and details of the action(s) taken or order(s) passed | Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority | Details of the violation(s)/ contravention(s) committed or alleged to be committed | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible |
| 1 | National Stock Exchange of India Limited | Fine of Rs. 5,42,800 imposed for non-compliance with the provision of Reg. 17(1), of the SEBI (LODR), Regulations 2015 relating to composition of Board of Directors for the quarter ended 31st December 2025. | 27-Feb-2026 | Non-compliance with the requirements pertaining to the composition of the Board including failure to appoint woman director (Regulation 17(1)) for the quarter ended 31.12.2025. | Nil. Since the appointment of Directors is beyond the control of the Company & therefore Company has decided not to pay the penalty & apply to waive the penalty. In the past waiver request of the Company was considered favourably by the National Stock Exchange of India Limited |
| 2 | BSE Ltd | Fine of Rs. 5,42,800 imposed for non-compliance with the provision of Reg. 17(1), of the SEBI (LODR), Regulations 2015 relating to composition of Board of Directors for the quarter ended 31st December 2025. | 27-Feb-2026 | Non-compliance with the requirements pertaining to the composition of the Board including failure to appoint woman director (Regulation 17(1)) for the quarter ended 31.12.2025. | Nil. Since the appointment of Directors is beyond the control of the Company & therefore Company has decided not to pay the penalty & apply to waive the penalty. In the past waiver request of the Company was considered favourably by the BSE Ltd. |
Disclosure of Updates to Ongoing Tax Litigations or Disputes |
|||||
|---|---|---|---|---|---|
| Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes | |||||
| Sr. No. | Name of the opposing party | Date of initiation of the litigation / dispute | Status of the litigation / dispute as per last disclosure | Current status of the litigation / dispute | |
| 1 | Income-tax Department, Mumbai | 23-Mar-2019 | Various disallowances as per the Assessment Order for Assessment Year 2016-17 Appeal partly allowed by CIT(A) vide order dt. 23.10.2025 allowing relief of Rs. 1,102.91 crore. Appeal before ITAT has been filed by the Company for seeking relief towards balance disputed tax of Rs. 91.16 crore. Appeal is pending as on date. Against the order of CIT(A), Income-tax Department has also filed an appeal before the ITAT on 31.12.2025 contesting disputed tax of Rs. 905.71 crore. Appeal is pending as on date. | Appeal partly allowed by CIT(A) vide order dt. 23.10.2025 allowing relief of Rs. 1,102.91 crore. Appeal before ITAT has been filed by the Company for seeking relief towards balance disputed tax of Rs. 91.16 crore. Appeal is pending as on date. Against the order of CIT(A), Income-tax Department has also filed an appeal before the ITAT on 31.12.2025 contesting disputed tax of Rs. 905.71 crore. Appeal is pending as on date | |
| 2 | Commissioner Central Goods and Service Tax, Mumbai | 06-Sep-2023 | Show Cause Notice (SCN) raised on Indian Oil proposing Demand of Excise duty of Rs.4002 crore on the ethanol portion contained in Ethanol Blended Motor Spirit (EBMS) sold by IndianOil during the period 01.03.2014 to 31.12.2018. The SCN was adjudicated by Commissioner, Mumbai and IndianOil got a favourable order vide Order in Original (OIO) dated 06.02.2023 and concluded the proceedings. Against the said OlO, department has filed the appeal which has been admitted by CESTAT, Mumbai vide order dated 06.09.2023 (received on 28.09.2023) and the case would be listed for merit hearing. | Departmental appeal admitted by CESTAT, Mumbai. Case pending for merit hearing. | |