Hindustan Petroleum Corporation Limited: Shri Vivekananda Biswal Ceases as Independent Director Effective May 05, 2026

Hindustan Petroleum Corporation Limited has informed the stock exchanges of a change in its board composition, with Shri Vivekananda Biswal ceasing to serve as an Independent Director of the company effective May 05, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Cessation Details

The cessation follows the completion of Shri Vivekananda Biswal's tenure of office on May 04, 2026. The key details of the board change are outlined below:

Parameter:	Details
Director Name:	Shri Vivekananda Biswal
DIN:	00977767
Designation:	Independent Director
Effective Date of Cessation:	May 05, 2026
Reason:	Completion of tenure of office
Regulatory Basis:	Regulation 30 read with Schedule III Part A, SEBI (LODR) Regulations, 2015

Regulatory Disclosure

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited on May 05, 2026. The communication was signed by Rakesh Kumar Singh, Company Secretary of Hindustan Petroleum Corporation Limited, and was issued from the company's registered office at 17, Jamshedji Tata Road, Mumbai – 400 020.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.01%	-1.84%	+14.69%	-22.88%	-8.77%	+132.24%

Hindustan Petroleum Corporation Limited has announced significant changes in its senior management team, effective May 01, 2026. The state-owned oil marketing company has formally notified stock exchanges about the leadership transition in compliance with SEBI regulations.

Management Transition Details

The changes involve the Chief Risk Officer position, marking an important leadership transition within the organization. The company has provided detailed information about both outgoing and incoming executives through official communication to ensure transparency.

Parameter:	Details
Effective Date:	May 01, 2026
Regulatory Compliance:	SEBI Regulation 30 with Schedule III Part A
Position Affected:	Chief Risk Officer & Additional Charge of IFS
Reference Number:	Co.Secy/RKS/142/2026

Key Personnel Changes

The senior management restructuring involves two key executives with distinct reasons for the changes:

Sr. No.	Name	Designation	Reason	Brief Profile
1	Shri Krushna Mahapatra	Chief Risk Officer & Addl Charge of IFS	Superannuation	NA
2	Shri Sitaram G Taparia	Chief Risk Officer & Addl Charge of IFS	Designated as Chief Risk Officer	B.Com, CA, CS

Regulatory Compliance and Communication

The announcement was made in accordance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about these changes.

Exchange Details:	Information
BSE Scrip Code:	500104
NSE Scrip Name:	HINDPETRO
Company Secretary:	Rakesh Kumar Singh
Document Date:	May 01, 2026

The notification was digitally signed by Rakesh Kumar Singh, Company Secretary, and dated May 01, 2026. This ensures full compliance with stock exchange disclosure requirements for senior management changes in listed companies.

Professional Background

Shri Sitaram G Taparia brings substantial professional qualifications to the Chief Risk Officer role, holding degrees in B.Com along with professional certifications as Chartered Accountant (CA) and Company Secretary (CS). These credentials align well with the risk management and financial oversight responsibilities of the position.