Oil India Declares ₹7 Interim Dividend; Sets Record Date for Feb 18
Oil India approved its Q3 FY26 unaudited results and declared a second interim dividend of ₹7 per share for FY26. The record date for the dividend is February 18, 2026, with payment by March 11, 2026. The company will divest its 50% stake in a non-performing Russian asset, Licence-61.
The interim dividend directly benefits shareholders. The divestment of a non-performing asset, while a positive strategic move, is unlikely to have a significant immediate financial impact given its suspended production and bankruptcy status. Continued investment in other Russian assets suggests a balanced approach.
The declaration of an interim dividend and approval of financial results are positive indicators for the company. While the divestment of a non-performing asset is a strategic move, the continued investment in other profitable Russian assets mitigates potential negative impact.
Oil India Limited's Board of Directors, in a meeting held on February 10, 2026, approved the unaudited financial results for the quarter and nine months ended December 31, 2025, on both standalone and consolidated bases, along with the Limited Review Report. The Board also declared a second interim dividend of ₹7 per share (70% of paid-up capital) for the financial year 2025-26, which is to be paid on or before March 11, 2026. The record date for determining shareholder eligibility for this dividend has been set as Wednesday, February 18, 2026.
Additionally, as part of its international asset portfolio rationalization strategy, the Board approved the divestment of its 50% participating interest in Licence-61, Russia, held through its wholly-owned subsidiary, Oil India International B.V., Netherlands. This asset has been non-performing since August 2022 and its operating entity is under bankruptcy administration. The divestment process is expected to take approximately 18 months to conclude. Oil India has fully provided for its investment exposure in this asset and will continue its investment in two other producing Russian assets: Vankorneft and Taas Yuryakh.
The Board meeting commenced at 11:00 AM and concluded at 6:15 PM.
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Oil India Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Oil India Limited. Read the original for the full detail.