ONGC CFO Vivek Tongaonkar Retires on May 1, 2026 Due to Superannuation

1 min read     Updated on 02 May 2026, 07:11 PM
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Oil & Natural Gas Corporation Limited officially disclosed the superannuation of Director (Finance) and CFO Shri Vivek Chandrakant Tongaonkar effective May 1, 2026. The regulatory filing, submitted under SEBI (LODR) Regulations 2015, confirmed his cessation from both positions upon attaining retirement age, with proper documentation filed to NSE and BSE exchanges.

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Oil & Natural Gas Corporation Limited has announced the superannuation of its Director (Finance) and Chief Financial Officer, Shri Vivek Chandrakant Tongaonkar. The official regulatory filing, submitted to both major stock exchanges on May 1, 2026, confirms that Tongaonkar ceased to hold both positions effective the same date upon attaining the age of superannuation.

Official Regulatory Disclosure

The disclosure was made in strict compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The communication was formally addressed to the listing departments of both the National Stock Exchange of India Ltd. and BSE Limited.

Particular Details
Official Name Shri Vivek Chandrakant Tongaonkar
DIN 10143854
Positions Held Director (Finance) and Chief Financial Officer
Effective Date of Cessation 01.05.2026
Reason for Cessation Attainment of superannuation age
Regulatory Compliance Regulation 30 of SEBI (LODR) Regulations, 2015

Filing Documentation

The official communication was digitally signed by Shashi Bhushan Singh, Company Secretary & Compliance Officer of Oil and Natural Gas Corporation Ltd., on May 1, 2026, at 11:17:06 IST. The filing included complete identification details for the company's securities.

Exchange Details Information
NSE Symbol ONGC (EQ Series)
BSE Security Code 500312
NCD Number 959881
ISIN Code INE213A01029

Corporate Governance Compliance

The announcement represents standard corporate governance practice for listed companies, ensuring transparency in senior management changes. The disclosure was marked for the information and record of both stock exchanges, maintaining regulatory compliance standards. This transition follows the company's established protocols for executive succession planning and regulatory reporting requirements.

Historical Stock Returns for Oil & Natural Gas Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%-3.62%+2.44%+17.43%+16.62%+157.21%

Who will ONGC appoint as the new Director (Finance) and CFO, and what strategic changes might they bring to the company's financial management?

How might this leadership transition impact ONGC's ongoing capital expenditure plans and major oil exploration projects?

Will this CFO change affect ONGC's dividend policy or financial strategy amid the current energy market volatility?

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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
-1.98%-3.62%+2.44%+17.43%+16.62%+157.21%

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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1 Year Returns:+16.62%