Oil India : Postal Ballot

CIN: L11101AS1959GOI001148

Email: investors@oilindia.in, Website: www.oil-india.com

Regd. Office: P.O. Duliajan, Distt. Dibrugarh, Assam - 786 602

NOTICE OF POSTAL BALLOT

[Pursuant to Section 110 of the Companies Act, 2013 read with Companies

(Management and Administration) Rules, 2014]

Dear Shareholder(s),

Notice is hereby given that pursuant to the provisions of Section 108 and Section 110 of the Companies Act, 2013 ('the Act') read with Companies (Management and Administration) Rules, 2014, as amended from time to time ('Rules') read with the Circular No. 14/2020 dated 08.04.2020, 17/2020 dated 13.04.2020, and 20/2021 dated 08.12.2021 issued by the Ministry of Corporate Affairs ('MCA') (hereinafter collectively referred to as 'MCA Circulars') and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time ('SEBI Listing Regulations'), Secretarial Standard on General Meetings ('SS-2') issued by The Institute of Company Secretaries of India and other applicable provisions of the Act, Rules, Circulars and Notifications issued thereunder (including any statutory modification(s) or re- enactment thereof for the time being in force and as amended from time to time), guidelines prescribed by the Ministry of Corporate Affairs (MCA), Government of India that the Resolution as set out in this Notice is proposed for consideration by the Shareholders of the Company for passing as an Ordinary/Special resolution by means of Postal Ballot by way of voting through electronic means('remote e-Voting'). The Company has engaged the services of National Securities Depository Limited as the agency to provide remote e-Voting facility to the Shareholders of the Company.

SPECIAL BUSINESS

Item No. 1 - Appointment of Ms. Pooja Suri [DIN: 03077515] as Independent Director of the Company

To consider and if thought fit, to pass the following resolution as a Special Resolution with or without modification(s):

"RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and 161(1) read with Schedule IV and any other applicable provisions if any, of the Companies Act, 2013 as amended and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), Regulation 17 read with Regulation 25(2A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and provisions of any other guidelines issued by relevant authorities, and Articles of Association of the Company, Ms. Pooja Suri, [DIN: 03077515], who was appointed as an Additional Director and designated as an

Independent Director by the Board of Directors w.e.f. 18th November, 2021 and in respect of whom, the Company has received a notice in writing from a member under Section 160 of the Act, be and is hereby appointed as an Independent Director of the Company for a period of 3 years [18.11.2021-07.11.2024] and not liable to retire by rotation."

Item No. 2 - Appointment of Shri Raju Revanakar [DIN: 09398201] as Independent Director of the Company

To consider and if thought fit, to pass the following resolution as a Special Resolution with or without modification(s):

"RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and 161(1) read with Schedule IV and any other applicable provisions if any, of the Companies Act, 2013 as amended and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), Regulation 17 read with Regulation 25(2A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and provisions of any other guidelines issued by relevant authorities, and Articles of Association of the Company, Shri Raju Revanakar, [DIN: 09398201], who was appointed as an Additional Director and designated as an Independent Director by the Board of Directors w.e.f. 18th November, 2021 and in respect of whom, the Company has received a notice in writing from a member under Section 160 of the Act, be and is hereby appointed as an Independent Director of the Company for a period of 3 years [18.11.2021- 07.11.2024] and not liable to retire by rotation."

Item No. 3 - Appointment of Shri Samik Bhattacharya [DIN: 02553314] as Independent Director of the Company

To consider and if thought fit, to pass the following resolution as a Special Resolution with or without modification(s):

"RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and 161(1) read with Schedule IV and any other applicable provisions if any, of the Companies Act, 2013 as amended and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), Regulation 17 read with Regulation 25(2A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and provisions of any other guidelines issued by relevant authorities, and Articles of Association of the Company, Shri Samik Bhattacharya, [DIN: 02553314], who was appointed as an Additional Director and designated as an Independent Director by the Board of Directors w.e.f. 18th November, 2021 and in respect of whom, the Company has received a notice in writing from a member under section 160 of the Act, be and is hereby appointed as an Independent Director of the Company for a period of 3 years [18.11.2021- 07.11.2024] and not liable to retire by rotation."

Item No. 4 - Appointment of Dr. Manas Kumar Sharma [DIN: 09460166] as Director (Exploration & Development] of the Company

To consider and if thought fit, to pass the following resolution as an Ordinary Resolution with or without modification(s):

"RESOLVED THAT pursuant to the provisions of Sections 152, 161(1) and any other applicable provisions if any, of the Companies Act, 2013 as amended and the rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and provisions of any other guidelines issued by relevant authorities, and Articles of Association of the Company, Dr. Manas Kumar Sharma, [DIN: 09460166], who was appointed as an Additional Director and designated as Director (Exploration & Development) by the Board of Directors w.e.f. 20th April, 2022 and in respect of whom, the Company has received a notice in writing from a member under Section 160 of the Act, be and is hereby appointed as Director (Exploration & Development) of the Company, liable to retire by rotation."

By Order of the Board

For Oil India Limited

Sd/-

(A.K. Sahoo)

Company Secretary

M. No.: A12385

Place: Noida

Date: 02.06.2022

NOTES

1. In accordance with the MCA Circulars, this Postal Ballot Notice is being sent only by electronic mode to those Members whose email address is registered with the Company/ Depositories. The physical copy of the Postal Ballot Notice along with postal ballot form and prepaid business reply envelope are not being sent to the members for this Postal Ballot.
2. The following is annexed with the Notice:
3. 1. Explanatory Statement pursuant to section 102 of the Act read with Secretarial Standard (SS-2) issued by the Institute of Company Secretaries of India in respect of the Special Business.
   2. The business set out in the Notice would be transacted through electronic voting system and the Company is providing facility for voting by electronic means (instructions for remote e-voting are annexed).
   3. Details as required under Regulation 36(3) of the Listing Regulations and in terms of SS-2 in respect of the Directors seeking appointment form part of the Explanatory Statement. The Company has received relevant disclosures/consent from the Directors seeking appointment.

1. Institutional Members (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/ JPG Format) of the relevant Board Resolution/ Authority letter / PoA etc. who are authorized to vote, to the Scrutinizer by e-mail to an_kukreja@rediffmail.com with a copy marked to evoting@nsdl.co.in.
2. All documents referred to in this Postal Ballot Notice will be available for inspection electronically until the last date of voting. Members seeking to inspect such documents can send an email toinvestors@oilindia.in.
3. Pursuant to the Regulation 44 of the Listing Regulations, Section 108 of the Act read with the Rules, the Company is providing facility to its members to exercise their right to vote on all resolutions set forth in the Postal Ballot Notice. The Company has engaged the services of National Securities Depository Limited (NSDL) to provide the remote e-voting facility
4. Postal Ballot Notice is available at Company's websitewww.oil-india.comand can also be accessed from the websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively and also on the website of NSDL (agency for providing the Remote e-Voting facility) www.evoting.nsdl.com
5. The "Cut-OffDate" to be eligible to vote by electronic means is Wednesday, 01st June, 2022 Members would be able to cast their votes and convey their assent or dissent to the proposed resolutions only through the remote e-voting process. Members whose name appears in the Register of Members as on the Cut-Off Date will only be considered eligible for the purpose of e- voting. A person who becomes a member after the Cut-Off Date should treat this notice for information purpose only.
6. The remote e-votingperiod commences on Tuesday, June 07, 2022 (9:00 am) (IST) and ends on Wednesday, July 6, 2022 (5:00 pm) (IST). The remote e-voting module shall be disabled by NSDL for voting thereafter. During this period members of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date i.e. Wednesday, 01st June, 2022, only shall be entitled to avail the facility of remote e-voting
7. The Resolutions, if passed by requisite majority, will be deemed to be passed on the last date specified for remote e-voting i.e. Wednesday, July 6, 2022.