ONGC Announces Senior Management Changes Due to Executive Directors' Superannuation

1 min read     Updated on 02 May 2026, 06:53 PM
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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 Day5 Days1 Month6 Months1 Year5 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?

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ONGC Announces Passing of Executive Director Debasish Mukherjee

1 min read     Updated on 01 May 2026, 06:55 AM
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ONGC has officially disclosed the passing of Shri Debasish Mukherjee, Executive Director (EO to Director HR), on 30.04.2026 through regulatory filings to NSE and BSE. The announcement was made pursuant to SEBI (LODR) Regulations, 2015, regarding changes in senior management positions one level below the Board of Directors.

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Oil & Natural Gas Corporation Limited has announced the sad demise of Shri Debasish Mukherjee, Executive Director (EO to Director HR), who passed away on 30.04.2026. The company made this disclosure to stock exchanges as part of its regulatory obligations under SEBI guidelines.

Official Company Communication

The announcement was made through an official letter from ONGC's Company Secretariat, bearing reference number ONGC/CS/SE/2025-26, dated 30.04.2026. The communication was addressed to both the National Stock Exchange of India Ltd. and BSE Limited, expressing regret while informing about this development.

Communication Details: Information
Reference Number: ONGC/CS/SE/2025-26
Date: 30.04.2026
Signatory: Shashi Bhushan Singh
Digital Authentication: 30.04.2026 at 17:27:01 +05'30'

Regulatory Disclosure Requirements

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, which mandates disclosure of changes in senior management positions. The communication was sent to both major stock exchanges where ONGC shares are listed.

Exchange Details: Information
NSE Symbol: ONGC (EQ Series)
BSE Security Code: 500312
NCD Code: 959881
Disclosure Date: 30.04.2026

Senior Management Change

Shri Debasish Mukherjee held the position of Executive Director with responsibilities as EO to Director HR. His role was classified as senior management one level below the Board of Directors, making this disclosure mandatory under SEBI regulations. Following his sad demise, he ceased to be Executive Director of the Company.

Position Details: Information
Designation: Executive Director (EO to Director HR)
Status Change: Ceased to be Executive Director
Reason: Sad demise
Effective Date: 30.04.2026

The disclosure was signed by Shashi Bhushan Singh, Company Secretary & Compliance Officer, reflecting ONGC's commitment to maintaining transparency and adhering to regulatory compliance requirements regarding changes in its senior management structure.

Historical Stock Returns for Oil & Natural Gas Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-0.61%+5.61%+6.24%+17.18%+21.93%+187.89%

How will ONGC's HR operations and strategic initiatives be affected during the transition period following this senior management vacancy?

What is ONGC's succession planning process for filling the Executive Director (EO to Director HR) position, and what timeline is expected?

Could this leadership change impact ONGC's ongoing workforce management policies or planned organizational restructuring efforts?

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