Hindustan Petroleum Corporation Limited has announced changes to its board of directors following the natural conclusion of tenure for two Independent Directors. The state-owned oil marketing company informed stock exchanges about the cessation of directorship effective March 28, 2026.

Board Composition Changes

The company reported that two Independent Directors have stepped down from their positions after completing their respective tenures:

Both directors ceased to be Independent Directors of the company following the natural expiration of their tenure period, as communicated in the official filing.

Regulatory Compliance

Hindustan Petroleum Corporation Limited fulfilled its disclosure obligations by informing both major stock exchanges about the directorate changes. The communication was sent to:

• BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai
• National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex, Mumbai

The disclosure was made in accordance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with mandatory reporting requirements for listed companies.

Corporate Communication

The official communication was signed by Rakesh Kumar Singh, Company Secretary, and digitally authenticated on March 28, 2026. The company emphasized that this information is provided for the records of stock exchanges and relevant stakeholders, maintaining transparency in corporate governance matters.

Hindustan petroleum has announced a key change in its Board composition with the appointment of Shri Alok Tripathi as Government Nominee Director. The appointment comes in compliance with regulatory requirements and follows directives from the Ministry of Petroleum & Natural Gas.

Board Appointment Details

The company informed stock exchanges that Shri Alok Tripathi has been appointed as Government Nominee Director on the Board with effect from March 23, 2026. The appointment follows a letter dated March 19, 2026 received from the Ministry of Petroleum & Natural Gas.

Professional Background

Shri Alok Tripathi brings substantial experience from the civil services to his new role. He completed his B.Tech and M.Tech in Mechanical Engineering from IIT Kanpur before joining the Civil Services on IRTS cadre on September 20, 1999. His career began with the Department of Railways, where he served in various capacities.

His association with the petroleum sector began in 2012 when he joined the Ministry of Petroleum and Natural Gas as Deputy Secretary (Marketing). He currently serves as Joint Secretary at MoP&NG, demonstrating his deep understanding of the sector's regulatory and operational framework.

Previous Board Experience

Shri Tripathi has prior experience serving on the boards of petroleum sector companies. He previously served two stints as Director on the Board of Numaligarh Refinery Limited, a subsidiary of Oil India Limited:

• First tenure: August 26, 2013 to August 12, 2015
• Second tenure: February 27, 2017 to October 5, 2017

This experience with refinery operations and petroleum sector governance positions him well for his new role at HPCL.

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Shri Tripathi is not related to any existing Directors and is not debarred from holding the Office of Director by any regulatory authority including SEBI.

The appointment strengthens HPCL's Board with additional expertise in petroleum sector policy and operations, reflecting the government's continued involvement in guiding the strategic direction of this key public sector enterprise.