ONGC's 33rd AGM: All 11 Resolutions Including Final Dividend of ₹1 Passed
Oil & Natural Gas Corporation Limited (ONGC) announced that all 11 resolutions at its 33rd AGM on August 31, 2026, were passed. This includes adopting FY26 financial statements and declaring a final dividend of ₹1 per equity share. Several director appointments and re-appointments were also approved.
The passing of resolutions at the AGM, including dividend declaration and director appointments, are routine corporate actions. While positive, they do not represent a significant shift in the company's fundamental business or financial outlook, hence a medium impact.
The announcement indicates that all resolutions, including the financial statement adoption and dividend declaration, were passed with a requisite majority, reflecting positive shareholder confidence and smooth governance.
Oil & Natural Gas Corporation Limited (ONGC) has announced the voting results for its 33rd Annual General Meeting (AGM), held on August 31, 2026. All eleven business items presented at the meeting were duly passed with the requisite majority.
Key resolutions approved include the adoption of the Audited Financial Statements (Standalone and Consolidated) for the Financial Year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. A final dividend of ₹1 per equity share for the financial year 2025-26 was also declared.
Furthermore, the shareholders approved the re-appointment of Mr. Arun Kumar Singh as Director and Chairman, and the appointment of Mr. Satyan Kumar as Director (Strategy & Corporate Affairs), Mr. Anupam Agarwal as Director (Finance), Mr. Vinod Seshan as Government Nominee Director, and Dr. Archna Thakur as an Independent Director. The re-appointment of Mr. Praveen Mal Khanooja as Government Nominee Director was also approved.
Additionally, the Board of Directors was authorized to fix the remuneration of Statutory Auditors for the financial year 2026-27, and the remuneration payable to Cost Auditors for FY'26 was ratified. The appointment of a Director in place of Mr. Vikram Saxena, who retires by rotation and offers himself for re-appointment, was also confirmed.
A plain-language summary of a public exchange filing by Oil & Natural Gas Corporation Limited. Read the original for the full detail.