OIL2024-10-012024-12-31OIL2024-12-31OIL2024-10-012024-12-31CompositionOfBoardOfDirectors1OIL2024-12-31CompositionOfBoardOfDirectors1OIL2024-10-012024-12-31CompositionOfBoardOfDirectors2OIL2024-12-31CompositionOfBoardOfDirectors2OIL2024-10-012024-12-31CompositionOfBoardOfDirectors3OIL2024-12-31CompositionOfBoardOfDirectors3OIL2024-10-012024-12-31CompositionOfBoardOfDirectors4OIL2024-12-31CompositionOfBoardOfDirectors4OIL2024-10-012024-12-31CompositionOfBoardOfDirectors5OIL2024-12-31CompositionOfBoardOfDirectors5OIL2024-10-012024-12-31CompositionOfBoardOfDirectors6OIL2024-12-31CompositionOfBoardOfDirectors6OIL2024-10-012024-12-31CompositionOfBoardOfDirectors7OIL2024-12-31CompositionOfBoardOfDirectors7OIL2024-10-012024-12-31CompositionOfBoardOfDirectors8OIL2024-12-31CompositionOfBoardOfDirectors8OIL2024-10-012024-12-31CompositionOfBoardOfDirectors9OIL2024-12-31CompositionOfBoardOfDirectors9OIL2024-10-012024-12-31CompositionOfBoardOfDirectors10OIL2024-12-31CompositionOfBoardOfDirectors10OIL2024-10-012024-12-31CompositionOfCommittees14OIL2024-12-31CompositionOfCommittees14OIL2024-10-012024-12-31CompositionOfCommittees15OIL2024-12-31CompositionOfCommittees15OIL2024-10-012024-12-31CompositionOfCommittees16OIL2024-12-31CompositionOfCommittees16OIL2024-10-012024-12-31CompositionOfCommittees17OIL2024-12-31CompositionOfCommittees17OIL2024-10-012024-12-31CompositionOfCommittees18OIL2024-12-31CompositionOfCommittees18OIL2024-10-012024-12-31CompositionOfCommittees41OIL2024-12-31CompositionOfCommittees41OIL2024-10-012024-12-31CompositionOfCommittees42OIL2024-12-31CompositionOfCommittees42OIL2024-10-012024-12-31CompositionOfCommittees43OIL2024-12-31CompositionOfCommittees43OIL2024-10-012024-12-31CompositionOfCommittees44OIL2024-12-31CompositionOfCommittees44OIL2024-10-012024-12-31CompositionOfCommittees45OIL2024-12-31CompositionOfCommittees45OIL2024-10-012024-12-31CompositionOfCommittees68OIL2024-12-31CompositionOfCommittees68OIL2024-10-012024-12-31CompositionOfCommittees69OIL2024-12-31CompositionOfCommittees69OIL2024-10-012024-12-31CompositionOfCommittees70OIL2024-12-31CompositionOfCommittees70OIL2024-10-012024-12-31CompositionOfCommittees71OIL2024-12-31CompositionOfCommittees71OIL2024-10-012024-12-31CompositionOfCommittees72OIL2024-12-31CompositionOfCommittees72OIL2024-10-012024-12-31CompositionOfCommittees73OIL2024-12-31CompositionOfCommittees73OIL2024-10-012024-12-31CompositionOfCommittees74OIL2024-12-31CompositionOfCommittees74OIL2024-10-012024-12-31CompositionOfCommittees95OIL2024-12-31CompositionOfCommittees95OIL2024-10-012024-12-31CompositionOfCommittees96OIL2024-12-31CompositionOfCommittees96OIL2024-10-012024-12-31CompositionOfCommittees97OIL2024-12-31CompositionOfCommittees97OIL2024-10-012024-12-31CompositionOfCommittees98OIL2024-12-31CompositionOfCommittees98OIL2024-10-012024-12-31CompositionOfCommittees99OIL2024-12-31CompositionOfCommittees99OIL2024-10-012024-12-31CompositionOfCommittees100OIL2024-12-31CompositionOfCommittees100OIL2024-10-012024-12-31CompositionOfCommittees101OIL2024-12-31CompositionOfCommittees101OIL2024-12-31MeetingOfBoardOfDirectors1OIL2024-10-012024-12-31MeetingOfBoardOfDirectors1OIL2024-12-31MeetingOfBoardOfDirectors2OIL2024-10-012024-12-31MeetingOfBoardOfDirectors2OIL2024-12-31MeetingOfBoardOfDirectors3OIL2024-10-012024-12-31MeetingOfBoardOfDirectors3OIL2024-12-31MeetingOfBoardOfDirectors4OIL2024-10-012024-12-31MeetingOfBoardOfDirectors4OIL2024-12-31MeetingOfBoardOfDirectors5OIL2024-10-012024-12-31MeetingOfBoardOfDirectors5OIL2024-12-31MeetingOfBoardOfDirectors6OIL2024-10-012024-12-31MeetingOfBoardOfDirectors6OIL2024-10-012024-12-31MeetingOfCommittees1OIL2024-12-31MeetingOfCommittees1OIL2024-10-012024-12-31MeetingOfCommittees2OIL2024-12-31MeetingOfCommittees2OIL2024-10-012024-12-31MeetingOfCommittees3OIL2024-12-31MeetingOfCommittees3OIL2024-10-012024-12-31MeetingOfCommittees4OIL2024-12-31MeetingOfCommittees4OIL2024-10-012024-12-31MeetingOfCommittees5OIL2024-12-31MeetingOfCommittees5OIL2024-09-30OIL2024-12-31OngoingTaxLitigationsOrDisputesDomain1OIL2024-12-31OngoingTaxLitigationsOrDisputesDomain2xbrli:pure533106OILNOTLISTEDINE274J01014OIL INDIA LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseDuring the quarter October-December 2024, there were no such acquistions exceeding the threshold limits specified under Para A(1) of Part A of Schedule III of SEBI LODR.falseNo fine or penalty imposed during the quarter in terms of sub-para 20 of para A of Part A of Schedule III.truetrueTop 500 listed entitiestrueo00012OriginalChairman also holds Position of Managing Director.truefalseMrRanjit Rath08275277Executive DirectorChairpersonMD1972-01-17falseNA2022-08-021000MrAshok Das09631932Executive DirectorNot Applicable1964-12-07falseInactiveNA2022-09-020000MrPankaj Kumar Goswami08716147Executive DirectorNot Applicable1964-09-10falseInactiveNA2020-06-012024-10-010000Tenure CompletionMrSaloma Yomdo10696034Executive DirectorNot Applicable1972-06-23falseNA2024-07-191010MrAbhijit Majumder10788427Executive DirectorNot Applicable1967-03-05falseNA2024-11-201011MrTrailukya Borgohain10788428Executive DirectorNot Applicable1969-12-01falseNA2024-12-171010MrGeorge Thomas10625136Non-Executive - Nominee DirectorNot Applicable1989-11-04falseNA2024-05-131001MrRohit Mathur08216731Non-Executive - Nominee DirectorNot Applicable1968-09-20falseNA2024-05-131001MsPooja Suri03077515Non-Executive - Independent DirectorNot Applicable1963-06-05falseInactiveNA2021-11-182024-11-0835.70000Tenure CompletionMrRaju Revanakar09398201Non-Executive - Independent DirectorNot Applicable1971-07-10falseInactiveNA2021-11-182024-11-0835.70000Tenure CompletiontruetruetruetrueAudit Committee08216731Rohit MathurNon-Executive - Nominee DirectorChairperson2024-05-13Shri Rohit Mathur [DIN: 08216731] was Member of the Audit & Ethics Committee w.e.f 13.05.2024 and appointed as Chairperson of the said committee on 08.11.2024.Audit Committee10696034Saloma YomdoExecutive DirectorMember2024-11-08Audit Committee09631932Ashok DasExecutive DirectorMember2024-11-08Shri Ashok Das [DIN: 09631932] ceased to be Director (Human Resources) of the Company w.e.f. 01st January, 2025 on attaining the age of superannuation on 31st December, 2024.Audit Committee03077515Pooja SuriNon-Executive - Independent DirectorChairperson2022-01-202024-11-08Ms. Pooja Suri [DIN: 03077515] had completed her tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024Audit Committee09398201Raju RevanakarNon-Executive - Independent DirectorMember2022-07-122024-11-08Shri Raju Revanakar [DIN: 09398201] had completed his tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Nomination and remuneration committee08216731Rohit MathurNon-Executive - Nominee DirectorChairperson2024-05-13Shri Rohit Mathur [DIN: 08216731] was Member of the Nomination & Remuneration Committee w.e.f 13.05.2024 and appointed as Chairperson of the said committee on 08.11.2024Nomination and remuneration committee10625136George ThomasNon-Executive - Nominee DirectorMember2024-11-08Nomination and remuneration committee10696034Saloma YomdoExecutive DirectorMember2024-11-08Nomination and remuneration committee09398201Raju RevanakarNon-Executive - Independent DirectorChairperson2022-01-202024-11-08Shri Raju Revanakar [DIN: 09398201] had completed his tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Nomination and remuneration committee03077515Pooja SuriNon-Executive - Independent DirectorMember2024-02-122024-11-08Ms. Pooja Suri [DIN: 03077515] had completed her tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Stakeholders Relationship Committee10625136George ThomasNon-Executive - Nominee DirectorChairperson2024-11-08Stakeholders Relationship Committee10788427Abhijit MajumderExecutive DirectorMember2024-11-20Shri Abhijit Majumder [DIN: 10788427] has been appointed as Director (Finance) on the Board of the Company, w.e.f. 20th November, 2024.Stakeholders Relationship Committee10788428Trailukya BorgohainExecutive DirectorMember2024-12-17Shri Trailukya Borgohain [DIN: 10788428] has been appointed as Director (Operations) on the Board of the Company, w.e.f. 17th December, 2024.Stakeholders Relationship Committee09398201Raju RevanakarNon-Executive - Independent DirectorChairperson2024-02-122024-11-08Shri Raju Revanakar [DIN: 09398201], had completed his tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Stakeholders Relationship Committee08716147Pankaj Kumar GoswamiExecutive DirectorMember2020-06-012024-10-01Shri Pankaj Kumar Goswami [DIN: 08716147], ceased to be Director (Operations) on the Board of the Company w.e.f. 1st October, 2024 on attaining the age of superannuation on 30th September, 2024.Stakeholders Relationship Committee03077515Pooja SuriNon-Executive - Independent DirectorMember2022-01-202024-11-08Ms. Pooja Suri [DIN: 03077515] had completed her tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Stakeholders Relationship Committee09631932Ashok DasExecutive DirectorMember2022-09-02Shri Ashok Das [DIN: 09631932] ceased to be Director (Human Resources) of the Company w.e.f. 01st January, 2025 on attaining the age of superannuation on 31st December, 2024.Risk Management Committee10788427Abhijit MajumderExecutive DirectorChairperson2024-11-20Shri Abhijit Majumder [DIN: 10788427] has been appointed as Director (Finance) on the Board of the Company, w.e.f. 20th November, 2024.Risk Management Committee10696034Saloma YomdoExecutive DirectorMember2024-07-19Risk Management Committee10788428Trailukya BorgohainExecutive DirectorMember2024-12-17Shri Trailukya Borgohain [DIN: 10788428] has been appointed as Director (Operations) on the Board of the Company, w.e.f. 17th December, 2024.Risk Management Committee03077515Pooja SuriNon-Executive - Independent DirectorChairperson2022-01-202024-11-08Ms. Pooja Suri [DIN: 03077515] had completed her tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Risk Management Committee08716147Pankaj Kumar GoswamiExecutive DirectorMember2022-06-012024-10-01Shri Pankaj Kumar Goswami [DIN: 08716147], ceased to be Director (Operations) on the Board of the Company w.e.f. 1st October, 2024 on attaining the age of superannuation on 30th September 2024.Risk Management Committee09631932Ashok DasExecutive DirectorMember2022-09-02Shri Ashok Das [DIN: 09631932] ceased to be Director (Human Resources) of the Company w.e.f. 01st January, 2025 on attaining the age of superannuation on 31st December, 2024.Risk Management Committee09398201Raju RevanakarNon-Executive - Independent DirectorMember2024-02-122024-11-08Shri Raju Revanakar [DIN: 09398201], had completed his tenure as Independent Director on 07th November, 2024 and accordingly ceased to be Independent Director of the Company w.e.f. 8th November, 2024.Ms. Pooja Suri [DIN: 03077515] and Shri Raju Revanakar [DIN: 09398201], had completed their tenure as Independent Directors on 07th November, 2024 and accordingly ceased to be Independent Directors of the Company w.e.f. 8th November, 2024. Therefore, the Quorum was complied with as per the requirements of Companies Act, 2013.2024-07-15true7722024-08-0823true8822024-09-0527true8822024-09-2418true8822024-11-0541true7722024-12-1842true760Audit Committee2024-08-08true3220Audit Committee2024-09-2446true3320Audit Committee2024-11-0541true3320Nomination and remuneration committee2024-09-18true3220Risk Management Committee2024-10-2940true4420falsefalsefalsefalseNotruetruetrue1. The CG Report (Quarter ended 30.09.2024) was placed before the Board of Directors in its meeting held on 5th November, 2024. The Board took note of the same. 2. As on 31st December, 2024, the Board strength consisted of 7 (Seven) Directors comprising of 5 (Five) Functional Directors including CMD, 2 (two) Govt. Nominee Director. However, Shri Ashok Das [DIN: 09631932] ceased to be Director (Human Resources) of the Company w.e.f. 01st January, 2025 on attaining the age of superannuation on 31st December, 2024. Further, Additional charge of the post of Director (Human Resources) has been assumed by Dr. Ranjit Rath, Chairman & Managing Director w.e.f. 01st January, 2025 in terms of letter no. CA-31014/4/2024-PNG (51473) dated 30.12.2024 issued by Ministry of Petroleum & Natural Gas. Further, Shri Abhijit Majumder [DIN: 10788427] and Shri Trailukya Borgohain [DIN: 10788428] have been appointed as Director (Finance) and Director (Operations) on the Board of the Company, w.e.f. 20th November, 2024 and 17th December, 2024, respectively. 3. Tenure of two Independent Directors (Including one woman Independent Director) was completed on 07th November, 2024 and they ceased to be Independent Directors of the Company w.e.f. 08th November, 2024. The Committees have since been re-constituted with the existing Board Composition. 4. Since OIL is a Government Company and all the Directors are appointed by Government of India, the Administrative Ministry of the Company viz. Ministry of Petroleum and Natural Gas (MoP&NG) has been requested to appoint requisite number of Independent Directors to ensure the compliance to the SEBI (LODR) Regulations, 2015. A.K. SahooCompany Secretary and Compliance OfficerfalseA.K. SahooCompany Secretary and Compliance OfficerNoida2025-02-1233693720-3Union of India & Others2024-02-03Goods and Services Tax (GST) was implemented w.e.f. 01st July 2017 and as per the FAQs on Government Services issued by CBIC, GST is payable on Royalty paid for assignment of right to use natural resources. However, Company contends that GST is not payable on Royalty paid under the Oil Fields (Regulation & Development) Act, 1948. The Company has accordingly filed a writ petition in Hon'ble Gauhati High Court challenging such a levy. Further, the Hon’ble Gauhati High Court, vide its interim order dated 2nd November 2021 has granted stay on the GST on royalty payments made by the Company in the state of Assam until further orders.The case pending before Hon’ble Gauhati High Court alongwith case pending before Hon’ble Rajasthan High Court on similar matter, were transferred from respective High Courts to Supreme Court and were admitted on 03-02-2024. These cases are currently pending before Hon’ble Supreme Court (T.P.(C) No. 000300 - 000304 / 2024) for final hearing. State of Assam2020-06-06State of Assam amended the Assam Taxation (on Specified Lands) Act, 1990 (“the Principal Act”) vide the Assam Taxation (on Specified Lands) (Amendment) Act, 2004. As per the said Amendment Act, an oil producer is required to pay, in the case of Crude Oil, Rs. 200/- per metric tonne and in the case of Natural Gas, Rs. 100/- per thousand cubic meters of annual productivity of the land. Accordingly, the Government of Assam has raised a demand of approx. Rs. 2300 crores for the years 2005-2022. OIL challenged these demand notices as it is ultra vires Act. The Case is yet to be listed before the 9 Judge bench of Hon’ble Supreme Court.The case is currently pending before Hon’ble Supreme Court (T.C (C) No. 232/2020) for final hearing.