Chennai Petroleum Corporation Limited has announced the cessation of Shri M Annadurai as Non-Executive Nominee Director from the company's board, effective 31st March 2026. The change follows his superannuation from Indian Oil Corporation Limited (IOCL), the holding company.

Regulatory Compliance and Disclosure

The company made this announcement in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Chennai Petroleum Corporation Limited informed both BSE and NSE about this board change through proper regulatory channels.

Director Details and Cessation Information

SEBI Disclosure Requirements

As per the mandatory disclosure requirements under SEBI regulations, the company provided detailed information about the cessation. The disclosure confirmed that Shri M Annadurai ceased to be a Non-Executive Nominee Director consequent to his superannuation from the services of Indian Oil Corporation Limited, the holding company.

Company Background

Chennai Petroleum Corporation Limited operates as a Government of India Enterprise and is a group company of IOCL. The company is currently celebrating its 60th anniversary, marking six decades of operations in the petroleum sector. The regulatory filing was signed by P. Shankar, Company Secretary, and submitted to both stock exchanges on 31st March 2026.

Stock Exchange Information

The company trades on both major Indian stock exchanges with BSE Scrip Code 500110 and NSE Trading Symbol CHENNPETRO. The cessation announcement ensures transparency and compliance with listing obligations for all stakeholders and investors.

Chennai Petroleum Corporation Limited has announced the cessation of two Independent Directors from its Board of Directors. The company informed the BSE and National Stock Exchange of India Limited about this corporate governance development through a regulatory filing dated March 28, 2026.

Director Cessation Details

The cessation involves two key Independent Directors who completed their tenure on the Board:

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Both directors ceased to be Independent Directors on the Board of Chennai Petroleum Corporation Limited upon completion of their respective tenures.

Corporate Communication

The formal communication was addressed to both major stock exchanges where the company's shares are listed. The disclosure was signed by P. Shankar, Company Secretary, and included detailed annexure as required under the listing regulations.

Company Background

Chennai Petroleum Corporation Limited operates as a Government of India Enterprise and functions as a Group Company of Indian Oil Corporation Limited (IOCL). The company maintains its registered office at 536, Anna Salai, Teynampet, Chennai and operates with various ISO certifications including ISO 9001:2008, ISO 14001:2004, and BS OHSAS 18001:2007.

The cessation represents a routine corporate governance matter as directors complete their statutory tenure periods as Independent Directors on the company's Board.