Unaudited Financial Results for the Quarter ended 30th June, 2026 on Standalone and Consolidated Basis

3tr{d €Eer frrFrk ffid orqFa-q /Corporate Office r Oil India Limited 3f{d 6i3lt/otl House, d Edtrd Ei. / Plot N0.19, *c-s/Sector -16A, amd u-*D"R Ss @rfl-a du$l tloida-201 301 (s.q.) (U.P.) efrd€Eqr u6 n6n-d qta/Phone: +9 1 -1 20-24 1 9000 A Maharatna CPSE under 011 tltDtA Government of lndia {-#a/E-mail : oilindia@oilindia. in Ref. No. OIL/SEC/32-33/NS Ir-BS ll Dated: 07.08.2026 National Stock [)xchange of lndia Ltd. BSE Limited l:xchangc Plaz.a. Department of Corporate Scrvicc Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Scrip: OIL Scrip: 533106 Sub : Outcome of Board Meeting Sir / Madarn. Pursuant to the SIIBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P120241185 dated 3l't l)ecenrber. 2024 read with BSE Circular No. 20250402-15 and NSI: Circular No. NSI:/CML l2025l2o dated 2"d April 2025, it is hereby informed that the Board of Directors of the'Company in its Meeting held today i.e. on 07(h Augusto 2026, has inter-alia considered and approved the following business items: - a) Integrated Financials - Unaudited Financial Results for Quarter ended 30tl' June, 2026 ort Standalone and Consolidated basis along with Limited Review Report ol'thc Auditors thereon. Irurlher. in terms of SIIBI Circular dated 31.12.2024, the lollowing disclosurcs arc also being submitted: - Statement on deviation or variation fbr proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. Annexed - Detault on loans and debt securities b) Arrpointment of Cost Auditor for Financial Year 2026-27 Appointment of M/s Shome & Banerjee, Cost Accountants [Firm Registration Number- 0000011 as the Cost Auditor of the Company fbr the financial year 2026-27. 'fhe Brief profile of the firm is attached herewith. Iidqddsfdsgfrql-fltr,8qII6.3[sfl, /Regd. Office Duliajan, Pin - 786602, Dibrugarh, Assam, Tet.: +913742804510, +91374ZBOO4ZI Web: www.oil-india.com I CIN - L11101AS1959cO1001i48 he Board Meeting commenced at 03:00 p.m. and concluded at o6 I zS p.m. 'l'his is fbr your inlbrntation & records please. '['hanking you. Yours laithlirlly. For Oil India Limited A.K. Sahoo Conipany Sccrctary & Compliancc Olllccr [:ncl: As above GOPAL SHARMA & CO. RKP ASSOCIATES Chartered Accountants Chartered Accountants Office No. 9, G K Tower "Parmeshwari", 508, 5th Floor A. T. Road, Bharalumukh Chatribari Road Guwahati - 781 001 Guwahati- 781 001 Independent Auditors' Limited Review Repoft on the Unaudited Standalone Financial Results of OIL India Limited ("the Company") for the Quafter ended on 30th June' 2026 Pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors, OIL India Limited 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of OIL India Limited ('the CompanyJ for the Quarter ended 30th June' 2026 (hereinafter referred to as "the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5, as amended from time to time ('the Listing Regulations"). 2. This statement, which is the responsibiliff of the Company's Management and approved by the Company's Board of Directors has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity'i issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of makings inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Cont'd FRNI-32ll r I C -'t) :' GUWAI iI'{I GOPAL SHARMA & CO. RKP ASSOCIATES Chartered Accountants Chartered Accountants Cont'd Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matterl We draw attention to the following matters in the notes to the statement: a. Note No. 3, regarding provision towards Service Tax I GST liability on royalty on Crude Oil and Natural Gas, under the Oil Fields (Regulation & Development) Act, 1948 provided for the quafter ending 30th June, 2026 is 289.56 crore which includes an interest of L L03.77 crore. As on 30th June, 2026 the Company's total provision towards Service Tax & GST on Royalty is 5,043.33 crore (Assam, Arunachal Pradesh and Rajasthan) which includes interest of 996.25 crore. Out of this provision, the Company has already deposited an amount of T L,499.62 crore (including interest of 11.18 crore) towards Service Tax & GST on Royalty under protest. In a recent development, the Hon'ble Supreme Cour[ having taken note of the submission made on behalf of the Company by the learned Solicitor General of India to deposit the GST as per law within a period of six weeks, subject to final outcome of the pending proceedings. The Hon'ble Supreme court thereafter tagged the Transfer Petition (C) 300-30412024, with C.A. No. 10560/2025 (Udaipur Chamber of Commerce and Industry vs. Union of India) vide its order dated 29.07.2026. The payment shall however be made under protest subject to the final outcome of the pending proceedings. In respect of future liabilities, the same shall also be deposited under protest as and when accrued. b. Note No. 4, regarding the demand of t 2,484.8I crore raised by the Government of Assam under Assam Taxation (on Specified Lands) Act, 1990 ("the Principal Act") vide the Assam Taxation (on Specified Lands) (Amendment) Act, 2004, for the calendar years 2005-2024 under the Amendment Act, which has been challenged by the Company and disclosed as contingent liability, The case was pending before the Hon'ble Supreme Court E, FRN-322473E Cottt'd i:iii.t.:0:i:^Ct0 s) GUWAI-IATI L, uc.,t.,.I 1; Page 2 of 4 GOPAL SHARMA & CO. RKP ASSOCIATES Chartered Accountants Chartered Accountants Cont'd. In a recent development, the Hon'ble Supreme Court, having taken note of the submission made by the learned senior counsel representing the State of Assam to withdraw the specific land tax imposed on mineral oil by way of appropriate bill to be moved in State Legislature, disposed of the Transferred Case (C) No. 232 of [Showing first 8,000 characters — download PDF for full document]