Interim report
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ऑयल इंडिया OIL INDIA ऑयल इंडिया लिमिटेड Oil India Limited भारत सरकार के अधीन एक महारत्न सीपीएसई A Maharatna CPSE under Government of India निगमित कार्यालय / Corporate Office ऑयल हाउस / OIL House , प्लॉट नं . / Plot No. 19 , सेक्टर / Sector - 16A , atest / Noida - 201301 ( 3.g. ) ( U.P. ) / Phone : + 91-120-2419000 - / E - mail : oilindia@oilindia.in Ref . No. OIL / SEC / 32-33 / NSE - BSE Dated : 07.08.2026 National Stock Exchange of India Ltd. Exchange Plaza , Plot no . C / 1 , G Block , Bandra - Kurla Complex Bandra ( E ) , Mumbai - 400 051 Scrip : OIL Sub Outcome of Board Meeting Sir / Madam , BSE Limited Department of Corporate Service Phiroze Jeejeebhoy Towers Dalal Street , Mumbai 400 001 Scrip : 533106 Pursuant to the SEBI Circular No. SEBI / HO / CFD / CFD - POD - 2 / CIR / P / 2024 / 185 dated 31st December , 2024 read with BSE Circular No. 20250402-15 and NSE Circular No. NSE / CML / 2025 / 20 dated 2nd April 2025 , it is hereby informed that the Board of Directors of the Company in its Meeting held today i.e. on 07th August , 2026 , has inter - alia considered and approved the following business items : - a ) Integrated Financials - Unaudited Financial Results for Quarter ended 30th June , 2026 on Standalone and Consolidated basis along with Limited Review Report of the Auditors thereon . Further , in terms of SEBI Circular dated 31.12.2024 , the following disclosures are also being submitted : - Statement on deviation or variation for proceeds of public issue , rights issue , preferential issue , qualified institutions placement etc. - Default on loans and debt securities } Annexed b ) Appointment of Cost Auditor for Financial Year 2026-27 Appointment of M / s Shome & Banerjee , Cost Accountants [ Firm Registration Number - 000001 ] as the Cost Auditor of the Company for the financial year 2026-27 . The Brief profile of the firm is attached herewith . for , 3 / Regd . Office Duliajan , Pin - 786602 , Dibrugarh , Assam , Tel .: +913742804510 , +913742800427 Web : www.oil-india.com | CIN - L11101AS1959GOI001148
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'f 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
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GOPAL SHARMA & CO. Chartered Accountants Office No. 9, G K Tower A. T. Road, Bharalumukh Guwahati - 781 001 RKP ASSOCIATES Chartered Accountants "Parmeshwari", 508, 5th Floor Chatribari Road 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 Tot 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. 3. 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. C)-'t:' FRNI-32ll r / I GUWAI iI'{I A Cont'd
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GOPAL SHARMA & CO. Chartered Accountants RKP ASSOCIATES Chartered Accountants Cont'd 4. 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 t 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 t 5,043.33 crore (Assam, Arunachal Pradesh and Rajasthan) which includes interest of t 996.25 crore. Out of this provision, the Company has already deposited an amount of T L,499.62 crore (including interest of t 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, Cottt'd i:iii.t.:0:i:^Ct0 {*t s) uc.,t.,.I 1; FRN-322473E GUWAI-IATI L, Page 2 of 4
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GOPAL SHARMA & CO. Chartered Accountants RKP ASSOCIATES Chartered Accountants and nominated ramme. Cottt'd,., 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 2020 as well as Writ Appeal No: 599/2005, pending before Hon'ble Guwahati High Court along with pending interlocutory applications vide its order dated 29.07.2026. In view of this development, the Company has reassessed the matLer and decided to continue with the disclosure of the aforesaid amount as contingent liability until the Amendment Act is repealed by the State Government. Our conclusion is not modified in respect of these above matters. 6, Other Matters The Company did not have requisite number of Independent Directors as required by the provisions of section L49(4) and section t77 of the Companies Act, 2013 so as to validly constitute its Audit Committee. Consequent to above, the Company has not complied with the provisions of the Companies Act, 2013 for the said period; (ii) The Company did not have Woman Director as required by the provisions of Section 149(1) of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014. Consequent to above, the Company has not complied with the provisions of the Companies Act, 2013 for the said period; (iii) The Statement includes interim financial results/ information of 105 joint operations (out of which 49 blocks are relinquished) whose results reflect total revenues of t 93.92 crore, total net profit/ (loss) (net) including other comprehensive income amounting to t (367.11) crore for the quarter ended 30th June' 2026, which have not been reviewed by their auditors. This interim financial results/ information are considered based on the statement from the Company's management. Our conclusion is solely based on the management ceftified information. (iv) We have placed reliance on technical / commercial evaluation by the management in respect of categorization by the Company of wells as exploratory, development, producing and dry wells, allocation of costs incurred on them, impairment, liability for decommissioning costs, liability under New Exploration Licensing Policy ("NELP") / H Exploration and Li (i) /r tt(') J,.ipur FRnlgzz+zgE GUWAHATI blocks for against agreed ELP") Page 3 of 4
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GOPAL SHARMA & CO. Chartered Accountants RKP ASSOCIATES Chartered Accountants Cont'd (v) The Statement includes the results for the quarter ended 31't March' 2026 being the balancing figures between the audit figures in respect of full financial year ended 31st March' 2026 and the published unaudited year to date figures up to the third quarter of the previous financial year, which were subjected to limited review by us, as required under the Listing Regulations, as amended. Our conclusion on the statement is not modified in respect of the above matters For Gopal Sharma & Co. Chartered Accountants Firm Regn. No: 002803C 1.q^o$"t (CA. Jayshree Sharma) Partner Place: Noida Date: 7th August,2026 ffi ill"ffA"o il8''al'svr Dos z z LL (CA. Devajit Biswas) Partner Membership No.: 304922 UDrN : 2l1clohsztT tlll gT H 12"A2 For RKP Associates Chartered Accountants Firm Regn. No:322473E FRN-322473E GUWAHATI FRN-002803C Jaipur Page 4 of 4
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OIL INDIA LIMITED Registered Office : Duliajan-786602, Assam CIN : t11101AS1959GOI001148 Website: www.oil-india.com E-mail: oilindia@oilindia.in Telephone: 0120-2419000 STATEMENT OF STANDATONE FINANCIAT RESUTTS FOR THE QUARTER ENDED 3OTH JUNE, 2026 tn Year endedQuarter ended 30.06,2026 31.03,2026 30,06.2025 31.03.2026Particulars unaudited Audited Unaudited Audited I. Revenue from operations II. Other income III. Total Income (I+U) IV. Expenses (a) Excise Duty (b) Purchases of Stock-in-Trade (c) Changes in Inventories of Finished Goods (d) Employee Benefits Expense (e) Other Statutory Levies (f) Contract Cost (g) Consumption of Stores & Spares pafts (h) Finance Costs (i) Depreciation, Depletion and Amodisation Expense 0) Other Expenses Total Expenses V. Profit / (Loss) before exceptional items and tax (III - ry) VI. Exceptional ltems VII. Profit / (Loss) before Tax (V-VI) VIII. Tax Expense: (1) CurrentTax relating to : (i) Current Year (ii) Earlier Years (2) Deferred Tax Total Tax Expenses (1+2) IX. Profit/(Loss) for the period from Continuing Operations (VII-Vffi) X, Profit for the period from Discontinued Operations XI. Tax Expense of Discontinued Operations XU, Profit/(toss) from Discontinued Operations after Tax (X-XI) XUI. Profit / (Loss) for the period (IX+XID XIV. Other Comprehensive Income (OCI) A (i) Items that will not be reclassified to profit or loss: (a) Remeasurement of the Defined Benefit Plans (b) Equity Instruments through Other Comprehensive Income (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss Total Other Comprehensive Income (A+B) XV. Total Comprehensive Income for the period (XIII+XIV) XVI. Paid-up Equity Share Capital (Face value of t 10 each) XVU. Other Equity XVIII. Earnings Per Share (EPS) (for Continuing Operations) Basic & Diluted EPS (i) XIX, Earnings Per Share (EPS) (for Discontinued Operations) Basic & Diluted EPS (t) XX. Earnings Per Share (EPS) (for Discontinued & Continuing Operations) Basic & Diluted EPS ({) 374L.72 0.09 72.r4 7,74 431.53 2062.s9 616.67 100.20 247.32 615.63 583.15 4737.06 374L.72 7958.L4 520.64 a47A,7A 239.47 871.51 2870.21 28s.99 3156.20 1626.61 2870.21 17.65 17,65 632.04 40.93 289.90 (44.84) 20s7.oo 5960.67 1 139.15 7099.82 0.08 45.07 (38.32) 489.64 1s60.64 913.2t r07.70 28s.86 616.80 L062.r4 5042.82 2057.OO 241,94 (0,01) 25,54 267.47 1789.53 53.78 (2,262.36) 256.05 (1es2.s3) (163.00) 1626.61 1789.53 11.00 11.00 1097.55 0.08 56.15 (23.41) 467.r9 1215.46 470.33 85,01 153,40 531,45 1135.33 4090.99 1097.5s 50L2.45 176.09 5188.54 813.48 (21.4s) 2a4.O7 813.48 (6.46) r,402.87 (16s.29) L23L.L2 2044.60 1626.61 s.00 5.00 305.52 5419.86 0.33 L66.74 (8s.74) 1929.06 5298,54 2798.t6 367.21 966.08 2366.80 4811.54 18618.72 5419.86 21345.94 2692.64 24038.s8 4455.34 1013.44 28.99 (77.sr) 964.52 4455.34 125.27 s60.86 (e8.37) 587.76 5043.10 1626.61 46899.46 27.39 27.39 is mainly on account of interest/dividend from deposits/investments. includes Special Additional Excise Duty Levies include Royalty, Cess and NCCD ended are not annualised(iv) FRSI-0se8C@ Jaipur FRN-322473E GUWAHATI soc * * Notes notes to the Standalone Financial
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?ffiffi OIL INDIA LIMITED Registered Office : Duliajan - 786602, Assam CIN: Li I 101ASl 959GO1001 148 Website: www.oil-india.com E-mail : oilindia@oilindia.in Telephone: 0120-2419000 STANDALONE SEGMENT WrSE REVENUE, RESULTT ASSETS AND LTABILTTTES tn Ouarter ended Year ended 3010612026 3U03l2026 30l0612025 3U03l2026 Unaudited Audited Unaudited Audited Pafticulars 21,345.94 t4,495.93 5,636.72 166.39 936.20 110.70 2r,345,94 4,301.44 1,567.85 97.14 391.99 23.86 6,382.28 2,32L.96 966.08 2,318.30 5,419.86 t5,096.44 t4,540.95 70.04 1,929.08 388.80 44,443.62 76,468.93 5,095.46 4,386.56 8t.24 229.0t 17.tt 18,133.48 27,942.86 1. Segment Revenue (a) Crude Oil (Including Condensate) (b) Natural Gas (c ) LPG (d) Pipeline Transpoftation (e) Renewable Energy Less : Inter Segment Revenue Net Sales/ Income from Operations 2. Segment Results Profit Before Tax and Interest: (a) Crude Oil (lncluding Condensate) (b) Natural Gas (c ) LPG (d) Pipeline Transportation (e) Renewable Energy Less: Interest Expenses Less:Unallocable expenditure (net of unallocable income) Profit / (Loss) Before Tax 3. Segment Assets (a) Crude Oil (Including Condensate) (b) Natural Gas (c ) LPG (d) Pipeline Transpoftation (e) Renewable Energy (f) Unallocated Assets Total Segment Assets 4. Segment Liabilities (a) Crude Oil (Including Condensate) (b) Natural Gas (c ) LPG (d) Pipeline Transpoftation ment Liabilities I Interest/Dividend Income (e) Renewable Energy (f) Unallocated Liabilities Total 7,958.14 6,120.84 1,526.58 83.22 183.79 43.7t 7,958.14 2,998.64 647.93 62.94 53.94 22.57 3186.02 425.t4 247.32 222.L2 3,741.72 15,555.57 15,438.82 75.80 t,96t.49 401.11 46,573.42 80,006.21 5,548.59 4,063.39 80.13 223.22 14.89 L8,393.72 28,323,94 5,960.67 4,406.53 t,322.45 43.68 165.46 22.55 5,960.67 L,698.29 38s.92 2s.84 32.tL 4.98 2,!47.L4 994.13 285.86 798.4L 2,057.OO L5,096.44 14,540.95 70.04 1,929.08 388.80 44,443.62 76,468.93 5,095.46 4,386.56 8t.24 229.0r L7.tt 18,133.48 27,942.86 5,OL2.45 3,311.60 r,469.30 35.21 157.15 39.19 5,012,45 969.85 482.55 19.13 27.67 t7.70 1,516.90 121.01 153.40 386.96 1,097.55 13,257.0t L2,427.84 7r.59 1,899.80 45t.75 44,384.t7 72,492.t6 4,32t.46 3,624.57 62.37 250,59 13.90 16,739.77 25,Ot2.66 FRN-002803C Jaipur 'Et''il"{if
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OIL INDIA LIMITED Registered Office : Duliajan-786602, Assam rurDrA cIN: L11101AS1959GOI001148 Website: www.oil-india.com E-mail: oilindia@oilindia.in Telephone: 0120-2419000 ADDITIONAL DISCLOSURE AS PER SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 201s-STANDALONE I!tuqiftc Quafter ended Year Ended 30.06.2025 31.03.2026 30.06.202s 31.03.2025 Unaudited Audited Unaudited Audited Particulars 0.27:L 0.25:1 0.27;r(a) Debt Equity Ratio [(Non-Current Borrowings+ Current Borrowings)/ Total Equity (including OCI)] 0.26:l 0.55 2.03 (b) Debt Service Coverage Ratio (Times) [Profit after Tax + Finance Cost + Depreciation]/ [Finance Costs + Lease Payments & Principal Repaymentl 3.94 4.30 (c) Interest Service Coverage Ratio (Times) lProfit Before Tax+ Finance Cost+ Depreciation)/ [Finance Costsl 18.62 10,35 tL.62 9.06 (d) Capital Redemption Reserve (t in Crore) 95,93 95.93 95.93(e) Debenture Redemption Reserve (t in Crore) 9s.93 40344.00 42127.67(f) Net Worth (t in Crore) lEquitv Share Capital+ Other Equitv (excludine OCI)l 44997.88 42127.57 813,48 4455.34(9) Net Profit after Tax (t in Crore) 2870.2r 1789.53 27.39(h) Earnings Per Share (t) (refer note no 5 of accompanying notes to the Standalone Financial Results.) 17.65 11.00 s.00 L.37 L.22 r.43 r.22(i) Current Ratio (Times) [Current Assets / Current Liabilities] 6.05 3.34 6.05(j) Long Term Debt to Working Capital (Times) INon-Current Borrowings/ (Current Assets - Current Liabilities)] 3.s9 (k) Bad Debts to Account Receivable Ratio (Times) IBad Debts/ Average Trade Receivable] 0.32 0.35(l) Current liability Ratio (Times) lCurrent Liabilitv/ (Non- Current Liability+ Current Liabilitv)l 0.35 0.35 0.r7 0.r7 0.17(m) Total Debts to Total Assets (Times) [(Non-Current Borrowings+ Current Borrowinss]/ Total Assetsl 0,17 1,81 6,80 (n) Debtors Turnover (Times) - Quarter ended figures are not annualised lSales (Net of Discounts) / Averase Trade Receivablel 2.34 1,89 3.87 2.93 2.52 10.59 (o) Inventory Turnover (Times)- Quarter ended figures are not annualised lSales (Net of Discounts)/ Averase lnventorvl 17.30o/o F:>- (p) Operating Margin (o/o) [(Profit before Exceptiolal]fe& and Tax+ Finance Costs- Other lncome)/ Revenue from bperations ' fa\:ha)\ /<;:x 43.58o/o 2O.I9o/o 2I.44o/o ,4< ,dsy\\)ti7^,F\ " li (q) Net Protitluilgin(o/# \e\ { Profit aft er r'ltl[t8ld0$aq00GlEtlon'r l:pT I X? 36.07o/o \ 30.020/o &ra-'. GUV1J.\FiAf I OA o -.:t. \a.o-.
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1 2. Notes to Unaudited Standalone Financial Results for the quarter ended 3oth June, 2o262 The above Unaudited Standalone Financial Results of the Company for the quarter ended 30rh June, 2026have been reviewed and recommended by the Audit & Ethics committee and approved by the Board ofDirectors in its meeting held on 7th August',2026. The Joint Statutory Auditors of the Company have carried out Limited Review of the unaudited Standalone Financial Results for the quarter ended 30th June, 2026 as required under Regulation 33 and 52 of the SEBI(Listing obligations and Disclosure Requirements) Regulations, 2015. Service Tax demand was raised on the Company for the period March, 2016 to June,20!7 seeking to levy Service Tax on Royalty paid on Crude oil & Natural Gas under the oil Fields (Regulation & Development) Act, 1948 for the States of Assam, Arunachal Pradesh and Rajasthan. The Company has challenged thedemand on various grounds by filing writ petitions before different High Courts. However, pending adjudication of the writs, the company has deposited under protest the entire service Tax demand of t 257.13 crore. Goods and Services Tax (GST) was implemented w.e.f, LstJuly, 2017 and as per the FAes on Government Services issued by GBIC, GST is payable on Royalty paid for assignment of right to use natural resources. However, based on a legal opinion obtained by the Company, Service tax/GST is not payable on Royaltypayable/paid under the oil Fields (Regulation & Development) Act, 1948. The Company has accordingly filed Writ Petitions in different High Courts challenging such levy. Further, the Hon'ble Gauhati High Court, vide its interim order dated 2nd November,2021. has granted stay on the GST on royalty payments made by the Company in the State of Assam until further orders, Keeping in view the jurisdiction of Gauhati High Coutt, the Company has submitted a representation to GST Department, Arunachal pradesh and thepayment of GST on this account in the state of Arunachal Pradesh is presenfly on hold. The total GST amount deposited under protest till 3Oth )une, 2026 is t 1266.90 crore. Further out of the above-mentioned amount the company has received refufld of \ 24.42 crore in the state of Assam. All pending cases of the Company before Gauhati High Court and Rajasthan High Court were transferred to Hon'ble Supreme Court for hearing by the Nine Judge Constitution Bench. However, Hon,ble Supreme Court vide its order dated 14th March 2024 de-tagged the cases from the Civil Appeals Nos. 4056-4064/1999. The Hon'ble Supreme Court vide its judgement dated 25.07.2024 in Mineral Area Development Authority Vs. Steel Authority of India Limited (MADA) held that royalty under Mines and Mineral (Development and Regulation) Act (MMDR Act) is not a tax. However, the nature of royalty under oilfields (Regulation and Development) Act is to be decided by the Court separately as it has the distinct constitution provision. However, pending adjudication of the matter, the service tax & GST paid under protest has been/ being claimed as an allowable deduction under the Income Tax Act, 1961 & 202s. In a recent development, the Hon'ble Supreme Court 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) 300-30412.024, with c.A. No. 10560/2025 (Udaipur chamber of commerce and Industry vs, Union of India) vide its order dated 29.07,2026. The amount provided for the quarter ending 30th June, 2026 is t 289.56 crore which includes an interest of t 103.77 crore' As on 30th June,2026 the Company's total provision towards Service Tax & GST on is t 5,043.33 crore (Assam, Arunachal Pradesh and Raja which includes interest of Out of this provision, th already < 1,,499.62 c') P 3 id ** o-, / 1,, GUWAHATI of { 11.18 crore) rt Jaipur * GSTon Roya payment o5 Royalty
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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. 4. State of Assam amended the Assam Taxation (on Specified Lands) Act, 1990 ("the principal Act") vide the Assam Taxation (on Specified Lands) (Amendment) Act, 2004. By the Amendment Act, the Government of Assam included any land held for the purpose of extraction of Crude Oil and Natural Gas under the definition of specified land and imposed a tax @) t 200 per metric tonne on Crude Oil and t 100 per thousand cubic meters on Natural Gas of annual productivity of the land, Accordingly, the Government of Assam has raised a demand of \ 2,484.81 crore for the calendar years 2005-2024 under the Amendment Act, which has been challenged by the company and disclosed as contingent liability. 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 2020 as well as Writ Appeal No: 599/2005, pending before Hon'ble Guwahati High Court along with pending interlocutory applications vide its order dated Zg.O7.2026. In view of this development, the Company has reassessed the matter and decided to continue with the disclosure of the aforesaid amount as contingent liability until the Amendment Act is repealed by the State Government. 5. A Joint Venture Company (JVC) in the name of "Arunachal Gas Private Limited" was incorporated on 15th November 2025, with equity participation of 50o/o from the Company and 50o/o from Bharat petroleum Corporation Limited. The company has been formed for laying, building, operating and expanding the City Gas Distribution (CGD) network in the state of Arunachal Pradesh. The said JVC has allotted 25,00,000 nos of equity share of the face value of t 10 per share fully paid up to the Company during the quarter ended 30th June, 2026. 6. The comparative figures for the quarter ended 31st March, 2026 represents the derived figures between audited figures in respect of the financial year ended 31st March, 2026 and the published year to date figures up to the nine months ended 31st December,2025 which were subjected to limited review. 7 ' Figures of previous periods have been regrouped / reclassified, wherever necessary, to conform to current period's classification. For Oil I (AbhUit Majumder) Director (Finance) DIN:10788427 Place: Noida Date: 7th August, 2026 c.l , (rl, '.'('-). *o t)r,. L.,:i-i !t I FRN-322473E GUWAHATI
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GOPAL SHARMA & CO Chartered Accountants Office No. 9, G K Tower A. T. Road, Bharalumukh Guwahati - 781 001 RKP ASSOCIATES Chartered Accountants "Parmeshwari", 508, 5th Floor Chatribari Road Guwahati- 781 001 Independent Auditors' Limited Review Report on the Unaudited Consolidated Financial Results of OIL India Limited ("the Company") lor the Quarter 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 To, The Board of Directors, OIL India Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Oil India Limited ('the Parent companyJ and its Subsidiaries (the Parent and its subsidiaries together referred to as "the Group'), and its share of the net profit/(loss) after tax and total comprehensive income/(loss) of its Associates and Joint Ventures for the Quarter ended 30th June' 2026 ("the Statement'), being submitted by the Parent pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20t5, as amended. 2. This Statement, which is the responsibiliw of the Parent Company's Management and approved by the Parent Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ['Ind AS 34'), "Interim Financial Reporting" 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. Our responsibility is to express a conclusion on the Statement based on our review. 3. 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", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. 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 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 signiflcant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. FRN-002803C Jaipur rl P* v * FRN-322473E GUWAHATI soc * *
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GOPAL SHARMA & CO Chaftered Accountants RKP ASSOCIATES Chaftered Accountants 4. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5, as amended, to the extent applicable. 5, The Statement includes the results of the entities given in the Annexure A to the review report. 6. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the financial results/financial information, reviewed by other auditors/ certified by the management, as referred in paragraph B below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard 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. 7. Emphasis of Matter 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 royalfi on Crude Oil and Natural Gas, under the Oil Fields (Regulation & Development) Act, 1948 provided for the quarter ending 30th June, 2026is { 289.56 crore which includes an interest of { 103.77 crore. As on 30th June, 2026 the Parent Company's total provision towards Service Tax & GST on Royalty is t 5,043.33 crore (Assam, Arunachal Pradesh and Rajasthan) which includes interest of t 996.25 crore. Out of this provision, the Parent Company has already deposited an amount of t 1,499.62 crore (including interest of { 11.18 crore) towards Service Tax & GST on Royalty under protest. In a recent development, the Hon'ble Supreme Court having taken note of the submission made on behalf of the Parent 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 \ 2,484.8L crore raised by the Government of Assam under Assam Taxation (on Specified Lands) Act, 1990 ("the Principal Act") vide the Assam Taxation ed Lands) (Amendme , for the calendar years enged by the Parent FRN-002803C Jaipur FRN-322473E GUWAHATI 2005-2024 u ment Act, which AC * Page 2 of 6
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GOPAL SHARMA & CO Chartered Accountants RKP ASSOCIATES Chaftered Accountants Company and disclosed as contingent liability. The case was pending before the Hon'ble Supreme Court. 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 2020 as well as Writ Appeal No: 599/2005, pending before Hon'ble Guwahati High Court along with pending interlocutory applications vide its order dated 29.07.2026. In view of this development, the Parent Company has reassessed the matter and decided to continue with the disclosure of the aforesaid amount as contingent liability until the Amendment Act is repealed by the State Government. Our conclusion is not modified in respect of above matters. 8. Other Matters (i) The Parent Company did not have requisite number of Independent Directors as required by the provisions of section L49(4) and section L77 of the Companies Act, 2013 so as to validly constitute its Audit Committee. Consequent to above, the Company has not complied with the provisions of the Companies Act, 2013 for the said period; (ii) The Parent Company did not have Woman Director as required by the provisions of Section 149(1) of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 20L4. Consequent to above, the Parent Company has not complied with the provisions of the Companies Act,2013; (iii) The Statement includes interim financial results/ information of 105 joint operations (out of which 49 blocks are relinquished) whose results reflect total revenues of { 93.92 crore/ total net profit/ (loss) (net) including other comprehensive income amounting to t (367,11) crore for the quarter ended 30th June'2026, which have not been reviewed by their auditors. This interim financial results/ information are considered based on the statement from the Parent Company's management. Our conclusion is solely based on the management certified information, (iv) We have placed reliance on technical / commercial evaluation by the management in respect of categorization by the Parent Company of wells as exploratory, development, producing and dry wells, allocation of costs incurred on them, impairment, liability for decommissioning costs, liability under New Exploration Licensing Policy ("NELP") / Hydrocarbon Exploration and Licensing Policy ("HELP") and nominated bl Minimum Work FRN-002803C Jaipur FRN-322473E GUWAHATI Programme. der performance a Page 3 of 6
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GOPAL SHARMA & CO Chartered Accountants RKP ASSOCIATES Chartered Accountants review by us, as (v) We did not review the interim financial results/ information in respect of one subsidiary included in the unaudited consolidated financial results, whose interim financial results/ information reflect total revenues of { 9,235.95 crore, total net profit after tax of t 1,307.33 crore and total comprehensive income of t 1301.50 crore for the Quarter ended 30th June' 2026, respectively, as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include the Group's share of net profit/(loss) after tax of t 3.49 crore and total comprehensive income/(loss) of t 3.52 crore for the Quarter ended 30th June' 2026, respectively, as considered in the unaudited consolidated financial results, of one associate and two joint ventures, whose financial results/ information have not been reviewed by us, These interim financial results/ information have been reviewed by other auditors, whose reports have been furnished to us by the Management of the Parent Company and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiary, associate and joint ventures are based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. The Statement includes the interim financial results/ information of four subsidiaries, which have not been reviewed by their auditors, whose interim financial results/ information reflect total revenues of < 422.64 crore, total net profit/(loss) after tax of < (49.27) crore and total comprehensive income/(loss) of t (48.95) crore for the Quarter ended 30th June' 2026, respectively, as considered in the unaudited consolidated financial results. The unaudited consolidated financial results also include the Group's share of net profit/ (loss) after tax of t 14.45 crore and total comprehensive income/loss of t 14.45 crore for the Quarter ended 30th June' 2026, respectively, as considered in the unaudited consolidated financial results, in respect of six Joint ventures, based on their interim financial results/ information, which have not been reviewed by their auditors. These interim financial results/ information are certified by the management of the Parent Company and/or the respective Subsidiaries /Joint Ventures/Associate. Further, in respect of one Joint venture, Suntera Nigeria 205 Limited, as per Note No. 6 to the unaudited consolidated financial resulG, the financial results (reviewed/management certified) for the quarter ended 30th June' 2026 have not been received by the Parent Company. Accordingly, the unaudited consolidated financial results for the quarter ended 30th June' 2026 have been prepared without considering the same, According to the information and explanations given to us by the management, these financial results are not material to the Group. (vi) The Statement includes the results for the quarter ended 31't March' 2026 being the balancing figures between the audit figures in respect of full financial year ended 31't March' 2026 and the published unaudited year to date figures up to the third quarter the previous financial year, which were subjecte FRN-o02803C Jaipur :)*! FRN-322473E GUWAHATI ired under the Listing Regulations, as amended dto Page 4 of 5
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GOPAL SHARMA & CO Chartered Accountants RKP ASSOCIATES Chartered Accountants For RKP Associates Chaftered Accountants Firm Regn. No; 322473E Our conclusion on the Statement is not modified in respect of the above matters. For Gopal Sharma & Co Chartered Accountants Firm Regn. No.: 002803C Place: Noida Date: 07th August, 2026 /'1aA^s"{- (CA. Jayshree Sharma) Partner Membership No.: 306631 uorrrr:la3o663t ytrtX pSG LAL$ (CA. Devajit Biswas) Partner Membershio No, uDIN:26304 FRN-002803C Jaipur Page 5 of 5
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GOPAL SHARMA & CO Chartered Accountants RKP ASSOCIATES Chartered Accountants Annexure A Annexure to the Independent Auditor's Review Report on the Unaudited Consolidated Financial Results for the Quafter ended 30th June' 2026. a. List of Subsidiaries: i. Oil India Sweden AB ii. Oil India International B.V. iii. Oil India International Pte Limited iv. Numaligarh Refinery Limited v. Oil Green Energy Limited b. Associate: i. Brahmaputra Cracker & Polymer Limited c. List of Joint Ventures: i. Beas Rovuma Energy Mozambique Limited ii. DNP Limited iii. Assam Petro-Chemicals Limited iv. Indradhanush Gas Grid Limited v. HPOIL Gas Private Limited vi. Purba Bharati Gas Private Limited vii. North East Gas Distribution Company Limited viii. APGCL OIL Green Power Limited ix. Assam Valley Fertilizer and Chemical Company Limited x. Arunachal Gas Private Limited oo i* 'Et',i"''{if Page 6 of 6
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oIltqn q oll iltDta OIt INDIA LIMITED Regd. Office : Duliajan- 786602, Assam CIN: 111101AS1959GOI001148 website; w,oil-india.com E-mail: oilindia@oilindia,in Telephone:0120-2419000 STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 3OTH ]UNE, 2026 is mainly on account of interest/dividend from includes Special Additional Excise Duty Levies include Royalty, Cess and NCCD. the Quarter ended are not annualised. tin Quarter Ended Year Ended 30.06.2026 31.O3.2026 30.05.2025 31.03.2026 Unaudihd Audited Uh.udlted Audited Particulars 4026.83 t2886.27 349.83 13235,10 2269,27 382.95 72.74 (62.e8) 556.45 2062.59 616.67 tr4.57 302.13 698,03 1081.81 8093.53 5L42.47 t79.70 5322.17 1073.56 (7 ,70) 229,48 1295.34 4026,83 (42.88) 10.13 (ss,64) 234.66 426L.49 397,04 4025,83 3629.79 33.09 289.90 0.06 236.43 (1-.77\ 2424,46 !00t2.77 501.75 10514,52 1964.4L 719.50 153.26 (719.3 1) 606.43 1560,64 91.3,23 1.20.73 381.33 699.t4 7412,97 78L2,33 2702,L9 4t6,94 3119.13 668.90 (46.30) 77.07 694,67 2424.46 33.99 (2262.36) (903.60) 1520.86 324.85 2424,46 2099.61 (899.17) (4.43\ 0,4r 26)..02 228,77 834,57 2046,51 8749.94 2ss.68 900s.62 1539.37 gZL.Z8 183,s8 722.9r s65,92 7215,46 470.33 100.1 1 199.06 627.06 1380.05 7225.r3 L780.49 724.59 2505,08 (18.61) 458,57 2046.51 (4.es) 1402.87 0.06 (16s.67) (38.7s) 1016.28 2209.84 42s6,35 1s0.09 2046,5t 1896.42 2209.49 0.3s 477,r8 7550.67 37049.55 1931.15 38980.70 6380.81 3103.42 s08. s2 (243.4s) 2379,47 5298.54 2798.18 423.62 7204.33 27rL97 5954.93 30520.34 8460.36 rL2).,56 9581.92 2093.96 (17.30) (4s.4r) 2031,25 7550,67 (97.40) 346,56 2629,8r 3561.86 11112.53 930.73 7550,67 3562.64 (0.78) 6679.94 r2r.42 560.86 0.61 234.66 3866,22 395.27 (903.60) 1200,44 320,42 2209,84 4105.91 r50.44 3561.85 10182.58 929,95 22.32 }f- rr:r 426L,49 1626.61 r2.9t 1)q 1520.86 1626.6 1 11,66 4256.35 t676.61 4&]g 40,70 11112.53 1626.6t 56371.75 I. Revenue from operations II. Other income UI. Total Income (l+U) IV. Expenses (a) Cost of materials consumed (b) Excise Duty (c) Purchases of Stock-in-Trade (d) changes in Inventories of Finished Goods and Work in Progress (e) Employee Eenefits Expense (f) other Statutory Levies (g) Contract cost (h) consumption of Stores & Spares parts (i) Finance Costs 0) Depreciation, Depletion and Amortisation Expense (k) Other Expenses Total Expenses V, Profit/(Loss) before exceptional itemsr share of net profit of Associates and Joint ventures accounted for using the equity method and tax (UI - IV) VL Exceptional Items VIL Share of Profit/(Loss) of Associates and Joint Ventures accounted for using the equity method VUI. Profit/(Loss) before Tax (v-vI+vu) IX, Tax Expense: (1) Current Tax relating to : (i) Current Year (ii) Earlier Years (2) Deferred Tax Total Tax Expenses (1+2) x, profit/(Loss) for the period from Continuing Operations (vul-Ix) xI. Profit/(Loss) for the period from Discontinued Operations XIL Tax Expense of Discontinued Operations xIII. Protit /(Loss) from Discontinued Operations after Tax (XI-XU) xlv. Profit/(Loss) for the period (X+XIII) xv, Other Comprehensive lncome (OCI) A(i) ltems that will not be rtrlassified to profit or loss: (a) Remeasurement of the Defined Benefit Plans (b) Equity Instruments through Other Comprehensive Income (c) Share of other comprehensive income in associates and joint ventures, to the extent not to be reclassified to profit or loss (ii) Income tax relating to items that will not be rtrlassified to proflt or loss B (i) ltems that will be reclassified to profit or loss: (a) Exchange difference in translating the financial statements of foreign operations (b) Share of other comprehensive income in associates and joint ventures, to the extent that may be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss Total Other Comprehensiye Income (A+B) xvl. Total Comprehensive Income for the period (XIV+Xv) XVII. Profit/(Loss) for the p€riod attributable to: Owners of the Company : Non- Controllinq Interest: xvuI. other comprehensive Income for the period attributable to: Owners of the Company : Non- Controlling Interest: xlx. Total comprehensive Income for the period attributable tol Owners of the Company : Non- Controlling lnterest: xx. Paid-up Equity Share Capital (Face value of t 10 each) XXI. Other Equity XXII. Earnings Per Share (EpS) (for Continuing Operations) Basic & Diluted EPS (<) XXIII. Earnings Per Share (EPS) (for Discontinued Operations) Basic & Diluted EPS (t) Xr*ll. Earnings Per Share (EPS) (for Discontinued & Continuing Operations) SlaDr.a Diruted EPs (r) .6 FRN-322473E GUWAHATI accompanying notes to the Consolidated Financial Results.
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?qrT{fitfrqr oll ltDl,l OIL INDIA LIMITED Registered Office : Duliajan - 786602, Assam CIN: L1 1 1 01AS1 959GO1001 148 Website: www.oil-india.com E-mail: oilindia@oilindia.in Telephone: 0120-2419000 CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES t in crore Ouafter ended Year ended 30t06t2025 3LtO3t202630l06l2025 3Ll03l2026Particulars Unaudited Audited Unaudited Audited 1. Segment Revenue (a) Crude Oil (Including Condensate) (b) Natural Gas (c) Refinery Products (d ) LPG (e) Pipeline Transportation (f) Renewable Energy Total Less : Inter Segment Revenue Net Sales/ Income from Operations 2. Segment Results Profit Before Tax and Interest: (a) Crude Oil (Including Condensate) (b) Natural Gas (c) Refinery Products (d ) LPG (e) Pipeline Transportation (f) Renewable Energy Total Add: Share of Profit of Associates and Joint Ventures accounted for using the equity method Add: Interest/Dividend Income Less: Interest Expenses Less:Unallocable expenditure net of unallocable income Profit / (Loss) Before Tax 3. Segment Assets (a) Crude Oil (Including Condensate) (b) Natural Gas (c) Refinery Products (d ) LPG (e) Pipeline Transportation (f) Renewable Energy (h) Unallocated Assets Total Segment Assets 4. Segment liabilities (a) Crude Oil (Including Condensate) (b) Natural Gas (c) Refinery Products (d ) LPG (e) Pipeline Transportation (f) Renewable Energy (h) Unallocated Liabilities .4L3Dr Total Seqment Liabilities 6,120.84 1,526.58 9,r47.62 83.22 L83.79 43.7r 17,105.76 4,219.49 t2,886.27 2,997.r7 647.93 r,640.16 62.94 53.94 20.87 5,423.O1 198.84 302.13 t77.25 5,322.L7 t5,599.24 15,438.82 46,358,86 75,80 1,96L.49 40t.r4 49,27t.20 129,106.55 5,588.42 4,063.39 24,64r.59 80,13 223.22 14,89 26,43r.23 -/t''ffib*r.ez r79.70 4,406.53 r,322.45 7,142.02 43.68 16s.46 22.55 13,102.69 3,089.92 to,ot2.77 r,696.62 385.92 L,326.48 25.84 32.r1 2.9s 3,469.92 306.94 381.33 693.34 3,119.13 5,181,44 4,386,56 24,256.92 8r.24 229.0r 17.t9 25,893.49 60,045.85 L5,124.39 14,540.95 44,448.39 70.04 1,929.08 388.83 47,346.36 L23,848.04 416.94 3,311.60 t,469.30 6,28r.26 35.2r 157.15 39,19 tt,293.71 2,543.77 8,749.94 968,1s 482.55 620.92 19.13 27.67 17.70 2,136.12 185.10 199.06 34r.67 2,505.08 13,329.59 t2,427.84 37,324.45 7L.59 1,899.80 45L.75 44,980.53 110,485.55 4,356.39 3,624.57 19,221.50 62.37 2s0.s9 13.90 23,753.77 51,283.09 724.59 14,495.93 5,636.72 26,392.75 166.39 936.20 110.70 47,738.69 10,689,14 37,049.55 4,295,60 1,567,85 3,900.44 97.r4 391.99 20.70 1o,273.72 1,12 1.56 r,429.86 I,204.33 2,038.89 9,581.92 15,r24.39 14,540.95 44,448.39 70.04 1,929.08 388.83 47,346.36 L23,848.O4 5,181.44 4,386,56 24,256.92 8t.24 229.0t t7.L9 25,893.49 60,045.85 FRN-002803C Jaipur FRN-322473E GUWAHATI >k aF oS
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IiftclBqr oll lltDtt OIL INDIA LIMITED Regd. Office: Duliajan- 786602, Assam CIt{: tll1014S1959GOI001148 Website: wunr.oiFindia.com E-mail: oilindia@oilindia.in Telephone: O120-2419000 ADDITIONAL DISCLOSURE AS PER SEEI (IISTING OSIIGATION AND DISCLOSURE REOUIREMENTS) REGUI4TIONS, 20Is.CONSOIIDATED Quarter Ended Year ended 30.06.2026 31.03.2026 30.06.2025 3r.0t.2026Particulars Unaudlted Audlted l,lnNudlted Audlted (a) Debt Equity Ratio l(Non-Current Borrowinqs+ Current Borrowinqs)/ Total EquiW I 0.55:1 0.56:1 0.51:1 0.56:1 (b) Debt Service Coverage Ratio (Times) [Profit afterTax + Finance Cost + Depreciation]/ [Finance Costs + Lease Payments & Principal Repayment] 4.58 4.88 L.24 2.34 (c) Inter$t Servlce Coverage Ratio (Times) IProfit Before Tax+ Finance Cost+ Depreciation)/ lFinance Costsl 20.93 11.01 16.73 TT,2L (d) Capital Redemotion Reselve (t in crorel (e) Debenture RedemDtion Resen e (( in crorel rL3.34 113.34 95.93 113.34 (0 Net Worth (t in crorel lEquitv Share Capital+ Other Equitv (excludine OCI and Caoital Reserve)l 57345.98 53716.19 s0852.36 53716.19 (g) Net Profit after Tax (t in crore) 4026.83 2424.46 2046.5L 7s50.67 (h) Earnings Per Share (() 22.32 L2.9t 11.66 40.70 (i) Curr€nt Ratio (Times) lCurrent Assets / Current Liabilitiesl L.22 1.09 r.32 1,09 22.s9(j) Long Term Debt to lirorklng Capital (Times) INon-Current Borrowings/ (Current Assets - Current Liabilities)] 9.93 22.59 6.7L (k) Bad Debts to Account Receivable Ratio (Tlmes) lBad Debts/AveraseTrade Receivablel (l) CurEnt llablliW Ratio (Times) lCurrent Liability/ (Non- Current Liabilitv+ Current Liabiliw)l 0.27 0.29 0.27 0.29 0.28 0.29 (m) Total Debts to Total Assets (Times) [(Non-Current Borrowings+ Current Borrowings)/ Total Assets] 0.29 0.29 (n) Debtors Turnover (Times)-Quarter ended figures are not annualised lSales (Net of Discounts) / Average Trade Receivablel 2.9L 2.4L 2.54 9.49 (o) Inventory Turnover (Times)-Quafter ended fi9urcs arc not annualised lsales INet of Discounts)/ Averase lnventoryl 2.36 1.98 t.75 7.04 (p) Operating Margin (o/o) l{Profit before Exceptional ltem and Tax+ Finance Costs- Other Income)/ Revenue from Ooerations I 39.54o/o 25.78o/o L9.70o/o 20.870/o (q) Net Profit Margin(o/o) (Profit after Tax/ Revenue from Operations) 3L,25o/o 24.2to/o 23.39o/o 20.380/o FRN-322473E GUWAHATI soc *aF o
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Notes to unaudited consolidated Financial Results for the quafter ended 3oth June, 2o26: 1' The above Unaudited consolidated Financial Results of the company for the quarter ended 30th June,2026have been reviewed and recommended by the Audit & Ethrics committee and approved by the Board ofDirectors in its meeting held on 7th August,2026. 2' The Joint statutory Auditors of the company have carried out Limited Review of the unaudited consolidatedFinancial Results for the quarter ended 30th June, 2026 asrequired under Regulation 33 and 52 of the sEBI(Listing obrigations and Discrosure Requirements) Regurations, 2015. 3' Service Tax demand was raised on the Parent company for the period March, 2016 to June, 2017 seekingto levy service Tax on Royalty paid on crude oil & Natural Gas under the oil Fields (Regulation &Development) Act, 1948 for the states of Assam, Arunachal pradesh and Rajasthan. The parent companyhas challenged the demand on various grounds by filing writ petitions before different High courts. However,pending adjudication of the writs, the Parent company has deposited under protest the entire Service Taxdemand of t 257.13 crore. Goods and services Tax (GST) was implemented w.e.f. L't July, 2017 andas per the FAes on Governmentservices issued by GBIC, GST is payable on Royalty paid for assignment of right to use natural resources.However' based on a legal opinion obtained by the Parent company, service tax/GST is not payable onRoyalty payable/paid under the oil Fields (Regulation & Development) Act, 1g48. The parent company hasaccordingly filed writ Petitions in different High courts challenging such levy. Further, the Hon,ble GauhatiHigh court, vide its interim order dated 2nd Novemb er, 2021 has granted stay on the GST on royaltypayments made by the Parent company in the State of Assam untir further orders. Keeping in view thejurisdiction of Gauhati High court, the Parent company has submitted a representation to GST Department,Arunachal Pradesh and the payment of GST on this account in the state of Arunachal pradesh is presenlyon hold, The total GST amount deposited under protest till 3oth June, 2026 is r 1266.g0 crore. Further out of theabove-mentioned amount the company has received refund of i 24.42crore in the state of Assam. All pending cases of the Parent company before Gauhati High court and Rajasthan High court weretransferred to Hon'ble supreme court for hearing by the Nine Judge constitution Bench. However, Hon,blesupreme court vide its order dated 14th March 2024 de-tagged the cases from the civilAppeals Nos. 4056-406411999' The Hon'ble supreme court vide its judgemenf oated 2s.07.2024 in Mineral Area DevelopmentAuthority Vs' steel Authority of India Limited (MADA) held that royalty under Mines and Mineral(Development and Regulation) Act (MMDR Act) is not a tax. However, the nature of royalty under oilfields(Regulation and Development) Act is to be decided by the court separately as it has the distinct constitutionprovision. However, pending adjudication of the matter, the service tax & GST paid under protest has been/ beingclaimed as an allowable deduction under the Income Tax Act, 1961 & 202s. In a recent development, the Hon'ble supreme court having taken note of the submission made on behalfof the Parent company by the learned solicitor General oi lnoiu to deposit the GST as per law within aperiod of six weeks, subject to final outcome of the pending proceedings. The Hon,ble supreme courtthereafter tagged the Transfer Petition (c) 300-30412024, witn c.n. No. 10560/2025 (Udaipur chamber ofcommerce and Industry vs, union of India) vide its order dated 29.07.2026. The amount provided for the quarter ending 30th June, 2026 is t 289.56 crore whichI 103.77 crore. As on 3Oth Ju ne,2026 the Company,s total provision towards Serviceis t 5,043.33 crore nachal Pradesh n) which inclOut of this provisio pany has ana T:l'lt#;l'ff;i,i: t 996.25 crore crore (including t ...,, ,jr * o-; gfq it a'. rrll cta,r'l4r: GUV/t i-tAit interest of { 11.18 Tax under shall however
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be made under protest subject to the final outcome of the pending proceedings. In respect of futureliabilities, the same shall also be deposited under protesi as and when accrued. 4' State of Assam amended the Assam Taxation (on Specified Lands) Act, 1gg0 (,,the principal Act,,) vide theAssam Taxation (on specified Lands) (Amendment) Act, 2004. By the Amendment Act, the Government ofAssam included any land held for the purpose of extraction of crude oil and Natural Gas under the definitionof specified land and imposed a tax @) t 200 per metric tonne on crude oil and { L00 per thousand cubicmeters on Natural Gas of annual productivity of the land. Accordingry, the Government of Assam has raiseda demand of 12,484'81 crore for the calendar years 2005- 2024 underthe Amendment Act, which has beenchallenged by the parent company and discrosed as contingent riabirity. in a recent development, the Hon'ble supreme court, having taken note of the submission made by thelearned senior counsel representing the State of Assam to withdraw the specific land tax imposed on mineraloil by way of appropriate bill to be moved in State Legislature, disposed of the Transferred case (c) No.232 of 2020 as well as writ Appeal No: 599/200s, penJing before Hon'ble Guwahati High court along withpending interlocutory applications vide its order dated 29.07.2026. In view of this development, the Parent company has reassessed the matter and decided to continue withthe disclosure of the aforesaid amount as contingent liability until the Amendment Act is repealed by theState Government. 5' A Joint Venture company (JVC) in the name of "Arunachal Gas private Limited,,was incorporated on 15thNovember 2025, with equity participation of S}o/ofrom the parent company and 50o/o from Bharat petroleumcorporation Limited' The company has been formed for laying, buirding, operating and expanding the cityGas Distribution (cGD) network in the state of Arunachal pradesh. The company has allotted 25,00,000 nosof equity share of the face value of { 10 per share fully paid up to parent Company during the quarterended 30th June, 2026. 6' During the quarter ended 30th June, 2026, the Parent company has not received the financialstatements/results of M/s suntera Nigeria 205 Limited, a Joint Venture due to no operational activity atproject level' Fudher, the net carrying value of the investment and the loan provided to suntera Nigeria205 Limited is t Nil as on 3Oth June,2026. Accordingly, the Un-audited consolidated financial results for thequarter ended 30th June, 2026 have been prepared without considering the same and impact of the sameis not material to the Consolidated Financial Results. 7' The comparative figures for the quarter ended 31st March,2026 represents the derived figures betweenaudited figures in respect of the financial year ended 3Lst March, 2026 andthe published year to date figuresup to the nine months ended 31't December,2025 which were subjected to limited review. B' Figures of previous periods have been regrouped / reclassified, wherever necessary, to conform to currentperiod's classification. Place: Noida Date: 7th August, 2026 For Oil I Limited (Abhtjit Majumder) Director (Finance) DIN: 10788427 * 9). r ,'J FRN-322473E GUWAI-IATI $(1() I it, id
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I srf{d€BqI 0t1 tltDtA Bf{d €Eqr ft{FTets Oil lndia Limited a{R?T {r*Frc d s{+d trir fl6rd ?n@ A Maharatna CPSE under Government of lndia FrdrFrd orsfdq /Corporate Office dqa arc-gtlotl House, dd Ei. / Plot N0.19,*os/Sector -16A, frusrl lloiOa-201 301 (s.q.) (U.P.) da/Phone: +9 1 -1 20-241 9000 €-*a/E-mait: oilindia@oilindia.in Other lnformation - lntegrated Fitting (Financiat) for the quarter ended 30th June 2026: (ln accordance with the SEBI circutar no. SEBI/HO/CFD/CFD-PoD-2/C|R/P/185 dated December 31"t 2024) (Abhijit M a umder) Director (Finance) DIN: 10788427 Ptace: Noida Dated: 07'h Augusl2026 t'-frqdmtqfdqgfuqffiH,Bq[6,3rl{fr, /Regd, Office Duliajan, Pin - 786602, Dibrugarh, Assam, Tel.: +913742804510, +913742800427 St.no. Particutars Remarks 1 Statement on deviation or variation for proceeds of pubtic issue, right issue, preferentiaI issue, quatified institutional. ptacement etc. Not Appticabte 2 Disctosure of outstanding defautt on loan and debt securities. No Defautt hence Not Appticabte Web: wwwoil-india.com I CIN - L11101AS1959GO1001'148
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BRIEF PROFILE OF COST AUDITOR Name of the Firm SHOME & BANERJEE Registration No. 000001 Status Partnership Firm Date of Formation 8th August, 1968 Offices Kolkata, Delhi, Mumbai No. of Partners Seven (7) Services offered Cost Audit Management Consultancy Assurance Services, Taxation Other related areas