ONGC entrusts additional charge of Director (Production) to Vikram Saxena

1 min read     Updated on 23 Jun 2026, 02:41 AM
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Oil and Natural Gas Corporation Limited has assigned Shri Vikram Saxena, Director (Technology & Field Services), the additional charge of Director (Production) for three months starting July 1, 2026, or until a regular appointment is made. The Ministry of Petroleum and Natural Gas issued the appointment order on June 22, 2026. The company disclosed this information to the stock exchanges in compliance with SEBI regulations.

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oil & natural gas corporation has entrusted the additional charge of Director (Production) to Shri Vikram Saxena, Director (Technology & Field Services), effective July 1, 2026. The appointment, made by the Ministry of Petroleum and Natural Gas, is for a period of three months or until a regular incumbent is appointed, whichever is earlier. This development ensures continuity in the critical production function of the state-owned energy major during the interim period.

Appointment Details

The Ministry of Petroleum and Natural Gas issued the appointment via letter no. CA-31011/5/2026-CA-PNG (56515) dated June 22, 2026. Shri Vikram Saxena, who holds the DIN 10892368, will discharge the duties of the Director (Production) in addition to his existing responsibilities as Director (Technology & Field Services).

Detail Information
Appointee Shri Vikram Saxena
Existing Role Director (Technology & Field Services)
Additional Role Director (Production)
Effective Date 01.07.2026
Duration 3 months
DIN 10892368

Regulatory Disclosure

The disclosure was made in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the National Stock Exchange of India Ltd. and BSE Limited on June 22, 2026, by Shashi Bhushan Singh, Company Secretary & Compliance Officer.

Historical Stock Returns for Oil & Natural Gas Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.78%-3.30%-17.24%+1.92%-4.53%+94.57%

Who is the leading candidate likely to be appointed as the permanent Director (Production) once the interim period ends?

How will the dual responsibility of overseeing both Technology and Production impact ONGC's operational efficiency during this transition?

What strategic production targets or initiatives will Shri Vikram Saxena prioritize during his three-month tenure?

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Government holds 58.89% stake in ONGC as on March 31, 2026

1 min read     Updated on 20 Jun 2026, 09:39 AM
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The Government of India holds 58.89% of the total paid-up share capital in Oil and Natural Gas Corporation Limited (ONGC) as on March 31, 2026, amounting to 740,88,67,093 equity shares. The disclosure, made under SEBI regulations, confirms there are no encumbrances on these shares. The Ministry of Petroleum and Natural Gas submitted the declaration to the stock exchanges on April 08, 2026.

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The Government of India, the promoter of Oil and Natural Gas Corporation Limited , held 58.89% of the total paid-up share capital as on March 31, 2026. This disclosure was submitted to the National Stock Exchange of India Ltd and BSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that there is no encumbrance, direct or indirect, on the shares held by the promoter.

The Ministry of Petroleum and Natural Gas, through an official communication dated April 08, 2026, detailed the shareholding pattern. The declaration specifies that the President of India, representing the Government of India, holds 740,88,67,093 equity shares in ONGC. This figure represents the promoter's entire stake in the state-owned enterprise.

The communication was addressed to the listing departments of both major stock exchanges. A copy of the declaration was also forwarded to the Company Secretary of ONGC for placement before the Audit Committee. The filing serves as a formal compliance update regarding the company's ownership structure.

The following table outlines the promoter's shareholding details as disclosed:

Shareholder Number of Equity Shares Percentage of Paid-up Share Capital Encumbrance
President of India / Government of India 740,88,67,093 58.89% None

The declaration confirms that the promoter's holding remains stable with no changes in the status of encumbrance on the shares. The filing was signed by Sachin Kumar, Under Secretary to the Government of India.

Historical Stock Returns for Oil & Natural Gas Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.78%-3.30%-17.24%+1.92%-4.53%+94.57%

Does the stable promoter holding suggest the government has no immediate plans for strategic disinvestment in ONGC?

How might this ownership structure influence ONGC's ability to make autonomous capital expenditure decisions in the energy transition?

Could the absence of encumbrance on these shares facilitate future fund-raising activities such as stake sales or OFS?

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