Indian Oil Corporation EDs Sunit Joshi and Gagan Deep Singh Kohli superannuate

0 min read | Published on 01 Oct 2026, 10:02 AM |Updated on 01 Oct 2026, 10:02 AM

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Key Highlights

Indian Oil Corporation Limited announced two Executive Directors superannuated on September 30, 2026
Sunit Joshi served as Executive Director (Pricing) at Marketing Head Office
Gagan Deep Singh Kohli served as Executive Director (Finance) in Business Development Group
The disclosure was made under Regulation 30 of SEBI LODR Regulations 2015

*this image is generated using AI for illustrative purposes only.

Indian Oil Corporation Limited reported that two senior management personnel superannuated from their services on September 30, 2026. The departure involves key leadership roles in pricing and finance divisions.

The company filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The filing confirms the exit of executives one level below the Board of Directors.

Superannuated Personnel

The following individuals have left their positions at the end of September 2026:

Name	Designation
Sunit Joshi	Executive Director (Pricing), Marketing Head Office
Gagan Deep Singh Kohli	Executive Director (Finance), Business Development Group

The disclosure was signed by Kamal Kumar Gwalani, Company Secretary, on October 1, 2026. This change reflects routine retirement procedures for senior government-owned enterprise officials.

Historical Stock Returns for Indian Oil Corporation

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.66%	-4.93%	-4.20%	-3.00%	-12.32%	+57.24%

Who are the likely candidates to succeed Sunit Joshi as Executive Director (Pricing), and how might their background influence IOCL's future fuel pricing strategy?

How will the transition in the Finance division leadership impact the execution of IOCL's ongoing capital expenditure plans for green energy projects?

Could the simultaneous exit of senior pricing and finance executives create a temporary gap in strategic decision-making during volatile crude oil market conditions?

Indian Oil Corporation

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Indian Oil appoints statutory auditors for the 2026-27 fiscal year

1 min read | Published on 21 Sept 2026, 01:42 PM |Updated on 21 Sept 2026, 01:42 PM

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Key Highlights

Indian Oil Corporation appointed four firms as statutory auditors for FY27
The appointments were made by the Comptroller and Auditor General of India
Three firms received new appointments while MKPS & Associates was reappointed
The Board noted the appointments in its meeting on September 21, 2026

*this image is generated using AI for illustrative purposes only.

Indian Oil Corporation has appointed four firms as its statutory auditors for the 2026-27 fiscal year. The Board of Directors noted these appointments, made by the Office of the Comptroller and Auditor General of India (C&AG), during its meeting on September 21, 2026.

The company disclosed the move pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The Board meeting commenced at 11:00 am and concluded at 1:15 pm.

Auditor Appointments

Three firms have been newly appointed, while one has been reappointed for the upcoming fiscal year. The details are as follows:

Firm Name	Location	Status
Rama K Gupta & Co	New Delhi	Appointment
Borkar & Muzumdar	Mumbai	Appointment
S Guha & Associates	Kolkata	Appointment
MKPS & Associates LLP	Kolkata	Reappointment

Firm Profiles

Rama K Gupta & Co, established in 1989, has 25 partners and operates through 18 branch offices across 10 states. Borkar & Muzumdar, founded in 1946, employs over 250 professionals and has experience with PSUs and listed entities. S Guha & Associates, established in 1960, comprises 21 partners and handles assignments for government-funded projects. MKPS & Associates LLP, set up in 1952, has more than 130 professionals and is empaneled with the C&AG and RBI.

Historical Stock Returns for Indian Oil Corporation

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.66%	-4.93%	-4.20%	-3.00%	-12.32%	+57.24%

How might the rotation of three new statutory auditors impact the consistency of Indian Oil Corporation's financial reporting and internal control assessments for FY2026-27?

Given Borkar & Muzumdar's extensive experience with PSUs, will their appointment signal a shift towards more stringent compliance scrutiny in line with recent government directives on public sector governance?

What are the potential implications for Indian Oil's audit timelines and cost structures given that two of the four appointed firms are based in Kolkata, potentially increasing logistical coordination complexity?

Indian Oil Corporation

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