Indian oil corporation has announced a change in its directorate following the superannuation of a senior executive. The Maharatna company disclosed this development in compliance with regulatory requirements under SEBI (LODR) Regulations 2015.

Directorate Change Details

The company informed stock exchanges that Dr. Alok Sharma, who served as Director (Research & Development), has superannuated from the company's services. The transition occurred on 31st March 2026, marking the end of his tenure with the organization.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to inform stock exchanges about material events and changes in directorate.

The notification was sent to both major stock exchanges where the company's shares are listed:

• National Stock Exchange of India Ltd. (Symbol: IOC)
• BSE Ltd. (Security Code: 530965)

Company Information

Indian Oil Corporation Limited operates as a Maharatna company with its registered office located at 'IndianOil Bhavan', G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai - 400051. The company secretary Kamal Kumar Gwalani signed the official communication dated 1st April 2026.

The directorate change represents a routine transition as part of the company's executive succession planning, with Dr. Sharma's superannuation marking the conclusion of his service period with the organization.

Indian Oil Corporation Limited has announced significant changes in its senior management structure following the superannuation of three Executive Directors on March 31, 2026. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates companies to inform stakeholders about changes in senior management personnel.

Executive Leadership Transitions

The superannuation affects three key executive positions within the organization, representing one level below the Board of Directors. These departures span across different operational areas of the company, including state operations, corporate governance, and human resources management.

Regulatory Compliance and Disclosure

The announcement was formally communicated to both major stock exchanges where the company's shares are listed. The disclosure was sent to the National Stock Exchange of India Limited and BSE Limited, referencing the company's trading symbol IOC and security code 530965.

Corporate Communication

The official communication was signed by Company Secretary Kamal Kumar Gwalani and dated April 1, 2026. The document was digitally signed and sent from the company's registered office at IndianOil Bhavan, Bandra East, Mumbai. As a Maharatna company, Indian Oil Corporation maintains strict adherence to regulatory disclosure requirements for all significant corporate developments.

Management Structure Impact

The superannuation of these three executives represents a natural transition in the company's leadership structure. The affected positions cover critical operational areas including state-level administration in Tamil Nadu, corporate planning and governance functions, and human resources management for the refineries division. These departures mark the end of significant tenures for senior executives who have contributed to the company's operations across different functional areas.