BPCL Announces Director Change as Rajkumar Dubey Superannuates, Subhankar Sen Takes Additional Charge

Bharat Petroleum Corporation Limited has announced a key leadership transition with the superannuation of its Director (Human Resources) and the appointment of an additional charge arrangement for the position. The company communicated this development to stock exchanges in compliance with regulatory disclosure requirements.

Leadership Transition Details

The company has reported that Shri Rajkumar Dubey, who served as Director (Human Resources), superannuated from his position effective close of work on March 31, 2026. This marks the end of his tenure in the senior leadership role at the state-owned oil marketing company.

Position Details:	Information
Outgoing Director:	Shri Rajkumar Dubey
Previous Role:	Director (Human Resources)
Superannuation Date:	March 31, 2026
Incoming Charge:	Shri Subhankar Sen
Current Role:	Director (Marketing)
Additional Charge:	Director (Human Resources)
Effective Date:	April 1, 2026

Ministry Authorization

The appointment of Shri Subhankar Sen to handle additional responsibilities has been authorized by the Ministry of Petroleum & Natural Gas. The ministry issued its directive through a letter dated March 30, 2026, formally entrusting Sen with the additional charge of Director (Human Resources) while he continues in his existing role as Director (Marketing).

Regulatory Compliance

Bharat Petroleum Corporation Limited made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary V. Kala signed the official communication to both BSE Limited and National Stock Exchange of India Limited on April 1, 2026, ensuring timely compliance with regulatory requirements for material changes in board composition.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	+5.72%	-15.71%	-13.84%	+4.00%	+38.12%

Bharat Petroleum Corporation Limited has announced a significant change in its board composition, with three Independent Directors ceasing their roles effective March 28th, 2026. The company formally communicated this development to stock exchanges under regulatory compliance requirements.

Board Composition Changes

The oil marketing company informed both BSE and NSE about the cessation of three Independent Directors due to completion of their tenure. The directors who have stepped down include experienced professionals who served the company in independent capacities.

Director Details:	Information
Directors Ceased:	Three Independent Directors
Effective Date:	March 28th, 2026
Reason:	Completion of tenure
Regulatory Filing:	Under Regulation 30 of SEBI LODR

Directors Who Ceased

The three Independent Directors who have completed their tenure are:

Shri Pradeep Vishambhar Agrawal - Independent Director
Shri Gopal Krishan Agarwal - Independent Director
Prof. Bhagwati Prasad Saraswat - Independent Director

All three directors ceased to be Directors of the company simultaneously on March 28th, 2026, marking the end of their respective tenures in independent capacities.

Regulatory Compliance

Bharat Petroleum Corporation Limited filed the disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and changes in corporate governance, including changes in board composition.

The communication was addressed to both major stock exchanges where the company's shares are listed - BSE Limited and National Stock Exchange of India Limited. Company Secretary V. Kala signed the official communication on behalf of the corporation, ensuring proper regulatory compliance and transparency with stakeholders.