ONGC Concludes 33rd AGM on Aug 31, 2026, Discusses FY26 Results and Dividend
ONGC's 33rd AGM was held on August 31, 2026. The company declared a Final Dividend of ₹1 per equity share for FY 2025-26. The meeting also covered the adoption of FY26 financial statements and discussed director appointments and auditor remuneration.
The AGM discussed routine corporate governance matters, financial performance review, and dividend declaration. While the dividend is a financial event, the overall impact is medium as it pertains to standard annual proceedings.
The announcement is a routine update on the proceedings of the Annual General Meeting, including the declaration of a dividend and discussions on financial statements and board appointments. There are no significant positive or negative surprises.
Oil & Natural Gas Corporation Limited (ONGC) held its 33rd Annual General Meeting (AGM) on Monday, August 31, 2026, conducted through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). The meeting commenced at 11:00 hours (IST) and concluded at 13:45 hours (IST).
The AGM proceedings included the consideration and adoption of the Audited Financial Statements (Standalone and Consolidated) for the Financial Year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. The Comptroller and Auditor General of India (C&AG) also carried out a supplementary audit of these financial statements.
Key business items discussed and voted upon included the declaration of a Final Dividend of ₹1 per equity share for the financial year 2025-26. Additionally, the meeting addressed the appointment and reappointment of several Directors, including Mr. Arun Kumar Singh as Chairman, Mr. Vikram Saxena, Mr. Praveen M. Khanooja, Mr. Vinod Seshan as Government Nominee Directors, and Mr. Satyan Kumar as Director (Strategy & Corporate Affairs), among others. The remuneration of Statutory Auditors for FY 2026-27 and the remuneration payable to Cost Auditors for FY'26 were also ratified.
Shareholders actively participated, with 25 out of 42 registered speaker shareholders raising queries on financials, operations, capital allocation, ESG initiatives, and dividend policy. The Chairman and Functional Directors responded to these queries. Remote e-voting was available from August 27 to August 30, 2026, with an additional option during and after the AGM. The e-voting results and the Scrutinizer’s Report will be submitted to stock exchanges and hosted on the company's website and NSDL within two working days.
A plain-language summary of a public exchange filing by Oil & Natural Gas Corporation Limited. Read the original for the full detail.