Oil India has requested a waiver for a fine of ₹5,42,800 imposed by the National Stock Exchange (NSE) for non-compliance with SEBI‘s Listing Obligations and Disclosure Requirements Regulations, 2015. The fine pertains to the quarter ending 31 December 2025.
The company had previously communicated the issue to its Board of Directors during a meeting on 20 March 2026, where the board advised requesting a waiver from the stock exchanges, citing that the non-compliance was beyond the company’s control.
The NSE notice, dated 27 February 2026, highlighted that Oil India failed to comply with Regulation 17(1) for 92 days, resulting in a fine of ₹5,000 per day, totalling ₹4,60,000. Including 18% GST, the total fine amounts to ₹5,42,800.
Oil India has been instructed to ensure compliance with the respective regulations and to remit the fines within 15 days from the notice date. The company can file for a waiver through the NEAPS portal, provided it meets certain conditions, including compliance with the regulations and payment of a non-refundable processing fee of ₹10,000 plus 18% GST if the fine exceeds ₹5,000.
The NSE has also required that the non-compliance and the exchange’s subsequent actions be placed before the company’s board in the next meeting, with the board’s comments to be submitted to the exchange.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).