Indian Oil Corporation Limited has submitted a disclosure to the stock exchanges confirming that its promoter did not encumber any shares during the financial year ended March 31, 2026. The filing was made under Regulation 31(4) of the Securities and Exchange Board of India Takeover Regulations.
The President of India, represented through the Ministry of Petroleum and Natural Gas, is the promoter of Indian Oil Corporation Limited. The promoter did not directly or indirectly create any encumbrance on the shares of Indian Oil Corporation Limited during the year under review.
The disclosure was submitted to both the National Stock Exchange and BSE on June 19, 2026. Kamal Kumar Gwalani, Company Secretary of Indian Oil Corporation Limited, signed the filing. Regulation 31(4) requires listed companies to disclose any encumbrance or release of encumbrance on promoter-held shares within seven working days.
Indian Oil Corporation Limited is a Maharatna public sector enterprise and India's largest integrated oil refining and marketing company. IOC operates 11 refineries across the country with a combined annual capacity of 80.7 million metric tonnes.
For the financial year ended March 31, 2026, Indian Oil Corporation Limited reported a standalone net profit of Rs 16,094 crore. Revenue from operations for the period stood at Rs 8,48,370 crore. The domestic refining throughput was 74.55 million metric tonnes during the fiscal year. Indian Oil Corporation Limited sold 99.65 million metric tonnes of products, including exports.
Indian Oil Corporation Limited distributes petroleum products through a network of over 60,000 fuel stations. IOC also operates pipelines spanning more than 13,000 kilometres for crude oil and product transportation.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.