Chennai Petroleum Corporation Limited has appointed Shri S.G. Venkatesh as Director (Technical) on its board, effective January 5, 2026. The appointment was announced through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations 2015, demonstrating the company's commitment to strengthening its technical leadership.

Appointment Details

The appointment follows the Ministry of Petroleum and Natural Gas letter No. CA-31019/1/2025-CA-PNG: 52153, with Shri Venkatesh assuming his role on January 5, 2026 (afternoon). The company confirmed that the new director is not debarred from holding office by virtue of any SEBI order or other regulatory authority.

Professional Background and Expertise

Shri S.G. Venkatesh brings substantial industry experience to his new role, having previously served as Executive Director (Petrochemicals) at Indian Oil Corporation Limited (IOCL). His appointment strengthens CPCL's technical capabilities in petroleum refining and petrochemical operations.

Educational and Technical Qualifications

• Education: Bachelor's Degree in Chemical Engineering from University of Kerala
• Experience: 31 years in petroleum refining operations, process design, and petrochemicals
• Technical Expertise: Advanced simulation software including Pro-II, Aspen Plus, and HYSYS

Career Trajectory and Achievements

The new Director (Technical) has demonstrated a results-driven approach throughout his career in the petroleum sector. His professional journey began in Refinery Production planning before transitioning to process optimization and process plant design. In these roles, he successfully led teams responsible for process design for both grassroot projects and revamp of existing refinery units.

Board Composition and Governance

The regulatory disclosure confirms that Shri Venkatesh is not related to any existing director on the CPCL board, ensuring independence in board composition. This appointment aligns with corporate governance best practices and regulatory requirements for public sector enterprises.

The appointment was formally communicated to both BSE Limited and National Stock Exchange of India Limited, with the company secretary P. Shankar signing the regulatory filing on January 5, 2026. This strategic addition to the board is expected to enhance CPCL's technical leadership and operational expertise in the petroleum refining sector.

Chennai Petroleum Corporation Limited (CPCL) has recently responded to inquiries from stock exchanges regarding a significant increase in its share trading volume. The company, known for its operations in the petroleum refining sector, has clarified its position on the matter.

Key Points of CPCL's Response

• Regulatory Compliance: CPCL affirmed that it has disclosed all required information under SEBI regulations.
• No Undisclosed Information: The company confirmed that there is no unpublished price-sensitive information that needs disclosure.
• Market-Driven Movement: CPCL attributed the recent volume movement in its shares to market-driven factors.

Recent Financial Performance

While addressing the share volume surge, it's worth noting CPCL's recent financial performance as disclosed in their latest press release:

Operational Highlights

• Record Performance: CPCL achieved its best-ever distillate yield of about 80%, showcasing operational excellence.
• Improved Margins: The company's Gross Refining Margin showed substantial improvement year-over-year.
• Turnaround: CPCL reported a significant financial turnaround, moving from losses to profits in both quarterly and half-yearly results.

The company's clarification on the share volume surge, coupled with its strong recent financial performance, provides context for the increased market interest. However, as CPCL stated, the recent trading volume increase appears to be driven by market factors rather than any undisclosed company-specific information.

Investors and market participants are advised to consider this information in the context of broader market trends and individual investment strategies. As always, it's crucial to conduct thorough research and consider multiple factors when making investment decisions.