Chennai Petroleum Corporation Limited Announces Cessation of Two Independent Directors Upon Tenure Completion

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:

Director Details:	Information
Mr. Ravi Kumar Rungta:	DIN: 00993270
Dr. C.K.Shivanna:	DIN: 09398521
Cessation Date:	March 28, 2026
Effective Time:	Closure of business hours
Reason:	Completion of tenure

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.35%	-5.46%	+4.68%	+27.20%	+56.25%	+901.30%

Chennai petroleum corporation has announced the appointment of a new Cost Auditor for the financial year 2026-27. The company's board approved this appointment during its meeting held on March 26, 2026, following recommendations from the Audit Committee.

Cost Auditor Appointment Details

The board has appointed M/s. Vivekanandan Unni & Associates as the company's Cost Auditor for the financial year 2026-27. The appointment became effective from March 26, 2026.

Parameter:	Details
Auditor Name:	M/s. Vivekanandan Unni & Associates
Firm Registration No:	000085
Location:	Chennai
Appointment Date:	March 26, 2026
Term:	Financial Year 2026-27
Address:	1-A, Vedammal Avenue, Dr.Subaraya Nagar, Main Road, Kodambakkam, Chennai -600024

Auditor Profile and Experience

M/s. Vivekanandan Unni & Associates brings substantial expertise to their new role with Chennai Petroleum Corporation. The firm has 25 years of experience in cost audit and has worked across various industries including petroleum, chemicals, and steel sectors.

Board Meeting Information

The board meeting that approved this appointment was conducted on March 26, 2026. The meeting commenced at 03:00 PM and concluded at 04:15 PM. The appointment was made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Regulatory Compliance

This appointment fulfills the company's regulatory requirements under SEBI (LODR) Regulations, 2015. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as per the prescribed norms for listed companies.

The appointment represents Chennai Petroleum Corporation's continued commitment to maintaining robust audit practices and regulatory compliance as a Government of India enterprise and group company of Indian Oil Corporation Limited.