Mangalore Refinery and Petrochemicals Limited ( mangalore refinery & petroleum ) has appointed three new independent directors to its board. The Ministry of Petroleum and Natural Gas approved the appointments of Lakhan Chandra Mardi, Sharwan Singh Karawasra, and Vipin Malviya for a three-year term.

The appointments are effective from August 12, 2026, or until further order, whichever is earlier. This move aligns with regulatory requirements under Regulation 30(2) and Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Board Members

The newly appointed directors bring diverse professional backgrounds to the board:

• Lakhan Chandra Mardi: An advocate practicing at the Jharkhand High Court in Ranchi. He holds a degree in Political Science (Honors) from Ranchi University and a Law degree from North Orissa University. He previously served as a member of the T.P.P. Committee for the Government of Jharkhand.
• Sharwan Singh Karawasra: A Bachelor of Engineering graduate from Rajasthan University/Engineering College Kota. He is the founder and director of Career Line Coaching Institute.
• Vipin Malviya: An advocate and tax consultant who holds Commerce and Law degrees from Pt. Ravishankar Shukla University. He is the proprietor of B. M. Malviya & Co.

Compliance and Eligibility

All three appointees are eligible under Section 164 of the Companies Act, 2013. They are not debarred by any SEBI order or other authority and have no relationship with existing company directors. Premachandra Rao G, Company Secretary, confirmed the appointments in a communication dated August 13, 2026.

According to a newspaper report, mangalore refinery & petroleum has issued a tender for 1 million barrels of crude oil, with deliveries requested to avoid two critical maritime routes — the Red Sea and the Strait of Hormuz — by early September.

Tender Details

The key parameters of the tender are outlined below:

Routing Stipulations

The tender notably specifies that shipments must bypass the Red Sea and the Strait of Hormuz — two of the world's most strategically significant waterways for oil transportation. By stipulating alternate routing, MRPL has signaled a preference for supply chains that circumvent these corridors for the specified delivery window.

Source

The information is based on a newspaper report. No further details regarding the crude grade, pricing terms, or supplier specifications were provided in the source material.