ONGC Announces Senior Management Changes Due to Executive Directors' Superannuation
Oil & Natural Gas Corporation Limited has formally notified stock exchanges about the superannuation of two Executive Directors, Rajan Asthana and Shibu Augustine Manuel, effective from 01.05.2026. The disclosure was made through official communication ONGC/CS/SE/2025-26 in compliance with SEBI (LODR) Regulations, 2015, demonstrating the company's adherence to corporate governance standards.

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Oil & Natural Gas Corporation Limited has announced changes in its senior management structure, disclosing the superannuation of two Executive Directors effective from 01.05.2026. The announcement was made through an official communication to stock exchanges in compliance with regulatory requirements under SEBI (LODR) Regulations, 2015.
Official Communication Details
The company issued formal notification ONGC/CS/SE/2025-26 dated 01.05.2026 to both major stock exchanges. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, covering changes in senior management one level below the Board of Directors.
| Executive Name: | Current Designation | Type of Change |
|---|---|---|
| Rajan Asthana | Executive Director | Superannuation |
| Shibu Augustine Manuel | Executive Director | Superannuation |
Stock Exchange Notification Framework
The formal communication was addressed to both listing venues where ONGC shares are traded. The notification included specific reference codes and security identifiers for proper regulatory compliance.
| Exchange Details: | Information |
|---|---|
| NSE Symbol | ONGC (EQ Series) |
| BSE Security Code | 500312 |
| NCD Code | 959881 |
Regulatory Compliance and Documentation
The notification was digitally signed by Shashi Bhushan Singh, Company Secretary & Compliance Officer, with timestamp 2026.05.01 11:18:11 +05'30'. The document was addressed to the Listing Department of National Stock Exchange at Exchange Plaza, Bandra-Kurla Complex, and Corporate Relationship Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street.
Corporate Governance Framework
This disclosure demonstrates ONGC's adherence to corporate governance standards and transparency requirements. The superannuation represents a natural transition in the company's leadership structure as senior executives reach retirement age. Such transitions are routine in large corporations and reflect normal succession planning processes within the organizational hierarchy.
Historical Stock Returns for Oil & Natural Gas Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | +5.61% | +6.24% | +17.18% | +21.93% | +187.89% |
Who are the likely candidates to replace the retiring Executive Directors and what expertise will they bring to ONGC's leadership?
How might this leadership transition impact ONGC's strategic initiatives in renewable energy and digital transformation?
Will these executive departures trigger a broader organizational restructuring or affect ONGC's operational divisions?


































