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.

Indian oil corporation has announced significant changes in its board composition with the cessation of three Independent Directors effective 28th March 2026. The Maharatna company disclosed this information to stock exchanges in compliance with regulatory requirements under SEBI (LODR) Regulations 2015.

Directorate Changes

The company informed both National Stock Exchange of India Limited and BSE Limited about the cessation of three Independent Directors who completed their tenure on 28th March 2026. This disclosure was made in accordance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Regulatory Compliance

The disclosure was made through official communication to both major stock exchanges where the company's shares are listed. The notification was signed by Company Secretary Kamal Kumar Gwalani and sent to:

• National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex
• BSE Limited at P J Tower, Dalal Street, Mumbai

Company Information

Indian Oil Corporation Limited, with its registered office at 'IndianOil Bhavan', G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai, operates as a Maharatna company. The company maintains transparency in corporate governance by promptly disclosing material changes in directorate composition to ensure compliance with listing obligations and keep stakeholders informed about board developments.