Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 13 December 2018, inter alia, has approved the following:

1. Buyback of the fully paid equity shares of the Company of face value of Rs. 10/- each.

2. The Board of Directors of the Company have declared an Interim Dividend of 67.5% i.e. Rs. 6.75 per equity share of face value of Rs. 10/- each for the financial year 2018-19. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched on or before 31 December 2018.