Oil India Limited has informed the stock exchanges about an important development related to its Memorandum of Association (MoA) and Articles of Association (AoA). The company has received shareholder approval for amendments at its 67th Annual General Meeting held on 17th September 2026.
Oil India Limited Gets Shareholder Approval for MoA and AoA Amendment at 67th AGM
Official Disclosure Details
This disclosure was made on 18th September 2026 to National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The NSE Symbol is OIL and BSE Security Code is 533106.
The intimation was signed by A.K. Sahoo, Company Secretary and Compliance Officer. The company said this is in furtherance to its earlier letter dated 29th June 2026, copy of which was enclosed with the filing.
What Approvals Were Given by Shareholders?
Three Main Approvals in AGM
At the 67th Annual General Meeting held on 17-09-2026, shareholders of Oil India Limited approved three important proposals.
First, Amendment in Objects Clause of Memorandum of Association (MoA). Second, Increase of the Authorised Share Capital and Amendment of the Capital Clause of the MoA. Third, Amendment of Articles of Association (AoA) of the Company.
What is Memorandum of Association (MoA)?
Memorandum of Association is a very important legal document of a company. It defines the main objectives and scope of the company. Objects Clause tells what business the company can do. Amendment in Objects Clause means the company wants to add new business areas or update its objectives.
What is Articles of Association (AoA)?
Articles of Association contains rules and regulations for internal management of the company. It tells how the company will be run, rights of shareholders, duties of directors and other procedures. Amendment in AoA means the company is updating its internal rules.
Increase in Authorised Share Capital Explained
What is Authorised Share Capital?
Authorised Share Capital is the maximum amount of capital a company is allowed to issue to shareholders. It is mentioned in MoA. Increase in Authorised Capital means the company is increasing its limit so that it can issue more shares in future if needed.
This is often done when company plans for future growth, fund raising, bonus issue, or expansion. It does not mean company is issuing shares now, but it creates headroom for future.
What is Capital Clause Amendment?
Capital Clause is a part of MoA which states authorised share capital details. When authorised capital is increased, Capital Clause must also be amended. So shareholders approved both increase and amendment of Capital Clause.
Where to See Amended MoA and AoA?
Available on Company Website
The company has informed that amended MoA and AoA are available on its official website. The path is www.oil-india.com then Investors, then Investor Services, then Memorandum and Articles of Association. Investors can download and read the full amended documents from there.
About Oil India Limited
Maharatna Company
Oil India Limited is a Maharatna CPSE under Government of India. It is engaged in exploration and production of crude oil and natural gas. The company has its corporate office at Noida and registered office at Duliajan, Assam. It is one of the leading oil and gas companies in India.
Simple Summary for Readers
Key Points in Simple Words
In simple words, Oil India Limited held its 67th AGM on 17th September 2026. In that meeting, shareholders approved change in Objects Clause of MoA, increase in Authorised Share Capital and change in Capital Clause, and change in AoA. These amendments will allow company to expand business and increase capital limit for future needs. The new MoA and AoA are available on company website. The company informed NSE and BSE about this on 18th September 2026 under SEBI Regulation 30.