Oil India AGM 2026: Dividend record date and plans

What was announced and why it matters

Oil India has lined up key shareholder dates for its final dividend for FY 2025-26, alongside its 67th Annual General Meeting (AGM). The company fixed Friday, September 4, 2026 as the record date for the final dividend, and scheduled the 67th AGM for Thursday, September 17, 2026 at 11:00 a.m. IST. The meeting is planned through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Oil India also set September 10, 2026 as the cut-off date for determining voting eligibility.

Alongside the AGM and dividend schedule, the material also outlined operating and expansion updates. These included crude oil and gas production targets, drilling plans, refinery performance at Numaligarh Refinery Limited (NRL), and pipeline commissioning timelines. For investors, the combination of corporate actions and operational milestones typically shapes near-term attention around eligibility dates, voting timelines, and execution signals visible in quarterly performance.

Dividend record date, AGM date, and cut-off date

The record date determines which shareholders are eligible for the final dividend for FY 2025-26, based on shareholding as of that date. Oil India fixed Friday, September 4, 2026 as the record date for this purpose. The AGM, scheduled a little under two weeks later, is set for Thursday, September 17, 2026 at 11:00 a.m. IST.

The company also specified September 10, 2026 as the cut-off date for voting eligibility. The meeting is planned to be conducted via VC/OAVM, continuing the approach of holding shareholder meetings through digital modes.

Corporate details shared in the notice

Oil India’s registered office details were included as part of the disclosure. The registered office is listed at Percy Evans Road, P.O. Duliajan, Dibrugarh District, Assam, 786602. Contact details provided included telephone numbers 0374-2804510 and 0374-2800427, and fax 0374-2800433.

These details typically appear in AGM-related communications and help shareholders align on official correspondence channels for investor queries, voting support, and documentation.

Production targets and the near-term operating run rate

The publication noted that Oil India confirmed its crude oil production target of 4 MTPA for FY27 is on schedule. It also stated the company aims to maintain crude oil production at around 1 million metric tons (MMT) per quarter in FY27, with a longer-term target of 4.2 MMT annually by FY29. The operating approach referenced near-field exploration and enhanced recovery techniques including hydrofracking and radial drilling.

A Q&A excerpt attributed to Trailukya Borgohain, Director of Operations, said the company is on a path to achieve close to 1 MMT of crude oil production each quarter, up from 0.95 MMT in Q1. The same excerpt stated daily crude production increased to 11,017 tonnes on August 3, 2026, from a record 10,921 tonnes on June 27, 2026. The explanation linked the improvement to well interventions, workovers, and integrated planning.

Drilling plan and exploration momentum

Oil India’s exploration activity was described as increasing, with a target of 100 wells in FY27, up from 74 previously. The company plans to drill 100 wells in FY27, comprising 42 exploratory and 57 development wells, and aims to increase this count by 10% annually.

The text also referenced strong progress in Q1, including 17 new wells drilled in the quarter. It added that offshore exploration is ramping up, with three wells drilled in shallow water and deepwater drilling planned for mid-2027, supported by government schemes referenced in the material.

Gas outlook and pipeline-led evacuation

On natural gas, the material said gas production is expected to ramp up to 3.8 BCM next year, with a target of around 5 BCM by FY29. Another section stated a five BCM target by end FY28, linking the ramp-up to pipeline expansions and new connections, including a 200-meter pipeline within NRL and the completion of the Paradip-Numaligarh pipeline by December 2026.

The IGGL was stated to be expected to be ready by the end of the next financial year (FY28). The text also noted that gas volumes remain constrained by downstream shutdowns, maintenance, and seasonal weak demand rather than reservoir capacity.

NRL performance and expansion milestones

The publication stated that NRL’s refining capacity utilization is at 105%. It also said NRL achieved a gross refinery margin (GRM) of $15.95 per barrel, up from $1.02 year-on-year.

On the buildout plan, the NRL refinery expansion from 3 to 9 MMTPA is described as on track for full commissioning by March 2027. It added that capex for the expansion and a polypropylene unit totals INR 46,000 crore.

Cost, capex, and earnings metrics cited

The material indicated that operating costs are expected to decrease from USD 4.5-5 per barrel to around USD 3.5 due to facility rationalization and increased throughput. It also said Q1 FY27 capex spend was around INR 3,050 crore, with a full-year budget of INR 8,600 crore, subject to revision.

An earnings metric cited in the publication said EPS rose to Rs. 17.65 in Q1 FY27 from Rs. 5 in the prior year quarter. The document also stated that EBITDA, PBT and PAT reached record quarterly highs, with EBITDA margin rising to above 54%, and standalone operating revenue described as the highest ever for a quarter, supported by stronger commodity realizations and disciplined execution.

Government support schemes referenced

The text referred to government incentives via new PNG rules and the Samudra Manthan scheme. It mentioned reimbursements for seismic data acquisition and drilling up to INR 675 crore per well, and INR 10,000 crore for infrastructure hubs. These measures were presented as support for offshore activities and broader exploration momentum.

Indian Oil AGM dividend approval and refinery expansion update

Separately, the material also included information on Indian Oil Corporation Limited (IOC). It said IOC shareholders approved a final dividend of ₹1.25 per equity share for FY2025-26 at the company’s 67th AGM held on August 31, 2026.

Chairman A. S. Sahney used the AGM to highlight Indian Oil’s response to disruptions linked to the West Asia conflict, and said resilience needs to be built before it is tested. The note also referenced the use of 24×7 control rooms and real-time market monitoring.

On capacity, Indian Oil is undertaking expansion projects at three major refineries. The planned capacity increases were listed as Panipat Refinery from 15 MMTPA to 25 MMTPA, Gujarat Refinery from 13.7 MMTPA to 18 MMTPA, and Barauni Refinery from 6 MMTPA to 9 MMTPA. Together, these are expected to increase Indian Oil’s group refining capacity from 80.75 MMTPA to around 98 MMTPA. The note added that Indian Oil would contribute more than 40% of incremental refining capacity as India moves towards a national target of 300 MMTPA.

Key facts snapshot

Market impact and what investors track from here

For Oil India shareholders, the immediate focus is typically on eligibility and voting dates, especially when a record date and cut-off date are clearly identified. Operationally, the disclosures point to execution levers that investors tend to monitor quarter to quarter: crude volumes moving toward the stated 1 MMT per quarter run rate, progress on drilling targets, and the timing of pipeline and refinery commissioning.

For Indian Oil, the final dividend approval and the scale of refining expansion are the headline items in the material, alongside management commentary on monitoring systems and supply resilience. Across both companies, the disclosures highlight that capacity additions, evacuation infrastructure, and cost discipline are central themes that can influence operational outcomes over time.

Conclusion

Oil India’s AGM schedule, dividend record date, and voting cut-off date set a clear near-term calendar for shareholders. The same material outlined production targets, drilling plans, capex levels, and commissioning timelines that will be watched for delivery. Separately, Indian Oil’s AGM approved a ₹1.25 per share final dividend and reiterated major refinery expansion plans. The next key dates in focus for Oil India are September 4, 2026 for dividend eligibility and September 17, 2026 for the AGM conducted via VC/OAVM.