Mangalore Refinery and Petrochemicals Limited has appointed Shri. Pattathil Sujith as the new Executive Director (Projects) effective June 1, 2026. The appointment follows the cessation of Shri. BHV Prasad from the same position on account of superannuation. The changes were communicated to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri. Pattathil Sujith is a Mechanical Engineer with over three decades of industry experience. Since joining mangalore refinery & petroleum in 1993, he has held roles across Maintenance, Reliability, Engineering & Inspection, Projects, and Corporate Strategy. His career highlights include key contributions to the commissioning of the refinery's Phase I, II, and III units.

Management Changes

The following table details the changes in the senior management personnel:

Sujith was instrumental in establishing the Asset Integrity Management System for the Phase III complex and executing the company's BS-VI project. The filing was signed by Premachandra Rao G, Company Secretary.

Mangalore Refinery and Petrochemicals Limited was fined ₹5,68,760 each by BSE Limited and National Stock Exchange of India Limited for non-compliance with board composition requirements for the quarter ended March 31, 2026. The penalties were levied due to violations of specific provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 concerning the structure of its Board and Sub-committees.

The notices issued by the stock exchanges cited non-compliance with Regulation 17(1), 18(1), 19, 20, and 21(2) of the SEBI regulations. These regulations govern the composition of the Board of Directors and its various committees, ensuring adherence to corporate governance standards.

In response to the penalties, Mangalore Refinery and Petrochemicals Limited has represented to the exchanges seeking a waiver of the fine. The company stated that as a Central Public Sector Enterprise (CPSE), the nomination of Directors on its Board is managed by the Administrative Ministry, specifically the Ministry of Petroleum and Natural Gas, Government of India.

The disclosure was made to the exchanges on May 28, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company requested that the exchanges place this information on record.