Indian Oil Corporation Ltd

Appointment of Independent Director

• Dr. Alka Mundra appointed Independent Director on IndianOil's Board, effective 15 August 2026.
• Appointment referenced in MOPNG letter CA-31033/1/2026-CA-PNG dated 12 August 2026.
• Not related to any other Director; not debarred by SEBI or other authorities.
• Profile: 52-year-old with multidisciplinary background in political science, law, public policy, governance.
• Education includes MA Political Science, LL.B, Ph.D. in Political Science.
• Experience in education, social development, public policy, governance.
• No family ties to other Directors; not related party.

AGM Details

• 67th AGM on 31 August 2026 at 10:30 AM IST via VC/OAVM.
• Record date for dividend entitlement fixed at 14 August 2026.

Key Resolutions

• Ordinary – Adoption of standalone and consolidated financial statements with reports.
• Ordinary – Declaration of final dividend of 1.25 per equity share.
• Ordinary – Reappointment of Rashmi Govil as Director (HR).
• Ordinary – Reappointment of Arvind Kumar as Director (Refineries).
• Special – Appointment of Saumitra P. Srivastava as Whole-time Director, Director (Marketing).
• Ordinary – Appointment of A. Amarnath as Government Nominee Director.
• Ordinary – Approval for material related party transactions with Petronet LNG Ltd for 2027-28.
• Board authorization to finalize terms and execute necessary RPT documents.
• Ordinary – Ratification of remuneration of Cost Auditors for FY ending 31 March 2027.
• Special – Amendment in Memorandum of Association and Articles of Association.
• Special – Adoption of new MoA object clause and new AoA; board to file forms.

Dividend Details

• Final dividend of 1.25 per equity share proposed for 2025-26.

Director Changes

• Rashmi Govil to be reappointed as Director (Human Resources).
• Arvind Kumar to be reappointed as Director (Refineries).

Auditors

• Remuneration of Cost Auditors for FY ending 31 March 2027 ratified.
• Aggregate remuneration totals 26.85 lakh plus taxes and out-of-pocket expenses.

Material Related Party Transactions

• RPT with Petronet LNG Ltd. for 2027-28 proposed at 25,800.35 crore.
• PLL is a joint venture; IndianOil holds 12.5% stake.
• Previous PLL transactions in 2025-26 totaled 12,715.28 crore.

MoA/AoA Amendments

• Special – Amend MoA object clause; addition of new objects.
• Special – Amend AoA; adopt new Articles; categorise main and ancillary objects.
• Board authorized to file necessary forms with ROC.

• Transcript content not included; wrapper-only filing.

Q1 FY2026-27 results and capex update

• Unaudited standalone results for Q1 FY2026-27 (quarter ended 30 June 2026) released.
• Revenue from operations: INR 9,34,953 crore.
• EBITDA: INR 2,04,544 crore.
• Capex incurred in Q1 FY2026-27 across segments: INR 6,461 crore.
• Capex target for FY2026-27: INR 32,700 crore.
• Panipat Refinery expansion: 15-25 MMTPA; cost INR 38,231 crore.
• Gujarat Refinery expansion: 13.7-18 MMTPA; cost INR 18,936 crore.
• Barauni Refinery expansion: 6-9 MMTPA; cost INR 18,113 crore.
• PX-PTA Complex at Paradip Refinery: cost INR 13,805 crore; progress 94.6%.
• New Mundra-Panipat Crude Oil Pipeline: cost INR 9,028 crore; progress 94.1%.

Financial snapshot

• Standalone revenue from operations ₹2,75,971.77cr; total income ₹2,76,356.92cr; net loss ₹2,662.37cr.
• Consolidated revenue from operations ₹2,81,933.07cr; total income ₹2,82,379.02cr; net loss ₹1,141.09cr.
• Board approved standalone and consolidated results for quarter ended 30 June 2026 on 31 July 2026.

LPG compensation & buffer

• MoPNG compensation approved ₹14,486cr; Apr–Jun 2026 ₹3,621.51cr recognized as revenue.
• Cumulative negative LPG buffer reduced to ₹29,729.95cr.

Capital structure & liquidity

• Standalone debt/equity 0.71x; consolidated 0.69x.
• Standalone current ratio 0.72x; consolidated 0.76x.
• Standalone net worth ₹1,98,066.87cr; consolidated net worth ₹2,14,093.42cr.
• Standalone EPS basic/diluted −₹1.93; consolidated −₹1.18.
• Operating margins: standalone −0.74%; consolidated 0.12%.
• Net profit margins: standalone −0.96%; consolidated −0.40%.

Segment performance

• Standalone segment revenue: Petroleum 2,59,771.93cr; Gas 14,481.49cr; Petrochemicals 9,516.94cr.
• Inter-segment revenue ₹8,313.85cr; revenue from operations ₹2,75,971.77cr.
• Consolidated segment revenue: Petroleum 2,64,200.61cr; Gas 14,481.49cr; Petrochemicals 9,516.94cr.
• Inter-segment revenue ₹8,313.85cr; revenue from operations ₹2,81,933.07cr.

Auditor status & notes

• Independent auditors reviewed results; no material misstatement observed.
• Outstanding NCDs ₹17,000cr; debentures are unsecured per NSE notice.
• Board meeting held 31 July 2026; results approved.

Meeting Details

• Date and time: Saturday, 1 August 2026, 12:00 IST.
• Type/Mode: group conference call, virtual.
• Organizer: Antique Stock Broking Limited.
• Purpose: discuss 1QFY27 earnings.
• Management attendees: Director (Finance); ED (Corporate Finance & Treasury); CGM (Treasury).

Investments at Paradip

• Cumulative Paradip investments total ₹43,359 crore.
• Refinery units ₹34,555 crore; Polypropylene Plant ₹3,150 crore; MEG Plant ₹5,654 crore.
• ₹13,805 crore earmarked for PX-PTA project at Paradip.
• ₹4,382 crore planned for Bhadrak Textile Park via MCPI JV.
• ₹1,064 crore planned for HEFA SAF project with M11 Energy Transition JV.

Operational milestones

• FY2025-26 crude processing reached 16.35 million MT.
• Commissioned SRU-III and NHGU.
• 2 MMTPA PTA unit nearing completion.

Awards and CSR

• Kalinga Safety Excellence Award and Kalinga Environment Excellence Award.
• NSCI Safety Award and Green Champions Award.
• CSR/CER spend ₹56.71 crore since FY2014-15.

Economic impact

• Contributed over ₹30,392 crore to exchequer in FY2025-26.

Employment and community impact

• Supports livelihoods of over 12,500 people in Paradip ecosystem.

Meeting Details

• Board meeting scheduled for Friday, 31 July 2026; time and venue not disclosed.

Key Agenda Items

• Approval of standalone and consolidated unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window for dealing in IndianOil securities closed till 2 August 2026 for insiders.

Dividend and tax deduction details

• Board proposed final dividend for 2025-26 at Rs 1.25 per share; record date Aug 14, 2026.
• Dividend will be paid within 30 days of declaration.
• Resident members: TDS 10% with PAN; 20% without PAN or linked PAN.
• Rs 10,000 annual dividend exemption for resident individuals; Form 121 required.
• Non-residents: TDS 20% or DTAA/MLI rate; submit PAN, TRC, Form 41, and DTAA declaration.
• Deadline Aug 16, 2026: upload documents to KFin; no TDS communications after.
• Rules 203 declaration to enable TDS credit transfer to beneficiaries.