FII Stake Increases in Maharatna PSU Oil Stock; Board To Consider Q4 Results and Final Dividend on May 18

The Indian equity markets ended lower on Tuesday, with the benchmark Nifty 50 index closing down by 0.36 per cent at 24,032.80. Despite weakness in frontline indices, selective stock-specific interest remained visible in oil marketing PSU counters ahead of quarterly earnings announcements. In this segment, Indian Oil Corporation remained in focus after the company informed exchanges about its upcoming Board meeting for approval of audited FY26 financial results and possible final Dividend declaration. Indian Oil Corporation share price ended marginally lower by 0.08 per cent at Rs 142.14 on Tuesday.

Indian Oil Board To Consider Q4FY26 Results And Final Dividend On May 18

Indian Oil Corporation informed the exchanges that a meeting of its Board of Directors is scheduled to be held on Monday, May 18, 2026, inter alia, to consider and approve the standalone as well as consolidated audited financial results for the quarter and year ended March 31, 2026.

The company further stated that the Board may also consider declaration of final dividend for the financial year 2025-26 at the aforesaid meeting. The trading window for dealing in securities of the company shall remain closed till May 20, 2026 for all designated insiders under the company’s insider trading code.

FII Holding Rises In March 2026 Quarter

As per the latest shareholding pattern, Foreign Institutional Investors increased their stake in Indian Oil Corporation to 9.84 per cent in the March 2026 quarter as against 8.57 per cent in the December 2025 quarter.

During the same period, Domestic Institutional Investors’ holding declined to 9.10 per cent from 10.00 per cent, while promoter holding remained unchanged at 51.50 per cent. Public shareholding stood at 9.96 per cent in March 2026. The rise in FII ownership indicates increased foreign institutional participation in the Maharatna PSU oil major during the quarter.

About Indian Oil Corporation 

Indian Oil Corporation Ltd is India’s largest commercial oil refining and fuel marketing company engaged in refining crude oil, pipeline transportation, petroleum product marketing, petrochemicals, natural gas, renewable energy and downstream energy infrastructure. The company owns one of the country’s largest refining capacities and fuel retail distribution networks.

Apart from conventional fuels, Indian Oil Corporation Ltd is also expanding across green hydrogen, biofuels, EV charging infrastructure, LNG, city gas distribution and petrochemical value-added products as part of its long-term integrated energy transition strategy.

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Disclaimer: This article is for informational purposes only and not investment advice.