Oil & Natural Gas Corporation Limited (ONGC) announced that its Board of Directors, at a meeting held on 21 May 2025, considered and approved several key business items:

• Audited Financial Results: The Board approved the Audited Financial Results (Standalone and Consolidated) for the Financial Year ended 31st March 2025. For the standalone results, the company reported a revenue from operations of ₹137,846.29 crore and a profit for the period of ₹35,610.32 crore for the year ended 31st March 2025. The basic earnings per share (EPS) stood at ₹28.31 for the same period.
• Final Dividend Recommendation: A final dividend of ₹1.25 per equity share of face value of ₹5/- each, equivalent to 25%, has been recommended for the Financial Year 2024-25. This recommendation is subject to the approval of shareholders at the upcoming Annual General Meeting.
• Corporate Guarantee for OPaL: The Board accorded its approval for extending Corporate Guarantee support up to ₹20,000 crore to lenders of ONGC Petro addition Limited (OPaL), a subsidiary of the company. This guarantee is intended to facilitate OPaL in raising debts, including bonds, non-convertible debentures, term loans, or other debt instruments, in one or more tranches, and for refinancing existing debts.
• Chief Internal Audit Appointment: Shri Ajit Singh has been appointed as the Chief Internal Audit of the company with immediate effect, replacing Shri Aniruddha Banerjee.
• NCD Redemption: The company disclosed that out of ₹15,000 million (₹1,500 crore) unsecured Non-Convertible Debentures (NCDs) as on 31st March 2025, ₹5,000 million (₹500 crore) unsecured NCDs [ISINs INE213A08016] were redeemed on 11th April 2025.

The Board meeting commenced at 16:15 hrs and concluded at 21:05 hrs.