IndianOil 67th AGM on 31 Aug 2026; Key Board Appointments & Final Dividend Approved
Mumbai, August 31, 2026: Indian Oil Corporation Limited (IOC) today held its 67th Annual General Meeting through Video Conferencing / Other Audio-Visual Means. The meeting started at 10:30 a.m. and concluded at 1:50 p.m.
Shri A. S. Sahney, Chairman, presided over the meeting. The required quorum was present throughout.
Key Highlights of the AGM
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Remote e-voting was open from 27 August (9:00 a.m.) to 30 August 2026 (5:00 p.m.).
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Facility for e-voting was also available during the AGM.
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Auditors’ report was unmodified and CAG had Nil comments.
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CS Umesh S. Pawaskar of Umesh Pawaskar & Co. was appointed as the Scrutinizer.
The Chairman gave an overview of the Company’s performance for FY 2025-26 and Q1 of 2026-27, along with future industry outlook.
Members who had registered as speakers raised questions on financial & operational performance, expansion plans, capital expenditure, dividend, bonus shares, market capitalisation, R&D, crude oil & product prices, alternate energy, hydrogen as fuel, SPRINT initiative, petrochemical business, women empowerment and GRM forecast. The Chairman responded to all queries.
Resolutions Placed Before Shareholders
|
S. No. |
Particulars |
Type of Resolution |
|---|---|---|
|
1 |
Adoption of Audited Standalone & Consolidated Financial Statements for FY 2025-26 |
Ordinary |
|
2 |
Declaration of Final Dividend for FY 2025-26 |
Ordinary |
|
3 |
Re-appointment of Ms. Rashmi Govil as Director |
Ordinary |
|
4 |
Re-appointment of Shri Arvind Kumar as Director |
Ordinary |
|
5 |
Appointment of Shri Saumitra P. Srivastava as Whole-time Director (Marketing) |
Ordinary |
|
6 |
Appointment of Shri A. Amarnath as Government Nominee Director |
Ordinary |
|
7 |
Approval of material Related Party Transactions with Petronet LNG Ltd. |
Ordinary |
|
8 |
Ratification of remuneration of Cost Auditors for FY 2026-27 |
Ordinary |
|
9 |
Amendment in Memorandum of Association (MoA) and Articles of Association (AoA) |
Special |
E-voting facility remained open for 15 minutes after the meeting. Results of remote e-voting and e-voting at the AGM will be intimated to the stock exchanges and uploaded on the Company’s website within the prescribed time.
The intimation has been filed with NSE (Symbol: IOC) and BSE (Security Code: 530965).
Source: Official summary of proceedings issued by Indian Oil Corporation Limited (Ref. No. Secl/67th AGM) dated 31 August 2026, signed by Kamal Kumar Gwalani, Company Secretary.