Oil India declares second interim dividend, approves 50% divestment as part of capital deployment in Russia

The Board of Directors of the Oil India Ltd has considered and approved the following business items:

1- Second Interim Dividend of Rs. 7/- per share (70% of paid-up capital) for the financial year 2025-26. The Second Interim dividend declared shall be paid on or before 11th March, 2026.

2- Wednesday, 18th February, 2026 as the Record Date for ascertaining the eligibility of shareholders for payment of Second Interim Dividend 2025-26.

The company has further announced that in earlier disclosure in 2023, it has been now informed that as part of International Asset Portfolio rationalisation and consolidation strategy undertaken to optimise capital deployment and sharpen focus on core value-generating assets, the Board has approved the divestment of its 50% participating interest (PI) in Licence-61, Russia, held through its wholly owned subsidiary, Oil India International B.V., Netherlands. The asset is non-performing, with production suspended since August 2022 and the entity at asset level, LLC Stimul-T, is under bankruptcy administration. The process will take about 18 months for conclusion & the outcome will be informed in due course.

The Company has fully provided for its investment exposure, and will continue to remain invested in other two producing assets in Russia namely, Vankorneft and Taas Yuryakh which are producing and generating dividends.