Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil and gas company, has announced a significant change in its key management personnel. Effective August 1, 2025, Shri Rakesh Kumar Singh will assume the role of Company Secretary & Compliance Officer, following the superannuation of Shri V Murali on July 31, 2025.

New Appointment Details

Shri Rakesh Kumar Singh, who currently serves as Joint Company Secretary at HPCL, brings over two decades of experience in the secretarial domain to his new position. His appointment comes as part of the company's succession planning, ensuring a smooth transition in this crucial role.

Rakesh Kumar Singh's Profile

Shri Singh's credentials include:

• Science graduate from Magadh University
• Qualified Company Secretary from the Institute of Company Secretaries of India
• Over 20 years of experience in the secretarial domain
• Previously held the position of Company Secretary at Zuari Industries Limited, a flagship company of the Adventz Group (Part of K.K. Birla Group)

Throughout his career, Shri Singh has been associated with several prominent organizations, including:

• GMR Group
• Reliance Industries Limited
• Bharat Oman Refineries Limited
• Hindustan Times Group
• RPG Group

Changes in Key Managerial Personnel

Following this appointment, HPCL has updated its list of Key Managerial Personnel authorized for determining the materiality of events and making disclosures to stock exchanges, in accordance with SEBI regulations. Effective August 1, 2025, the authorized personnel are:

This change in key personnel demonstrates HPCL's commitment to maintaining strong corporate governance and ensuring compliance with regulatory requirements. The appointment of Shri Rakesh Kumar Singh, with his extensive experience in the secretarial domain and familiarity with HPCL's operations, is expected to contribute to the company's continued adherence to best practices in corporate governance and investor relations.

Hindustan Petroleum Corporation Limited (HPCL), a prominent Indian oil marketing company, has announced plans to evaluate the possibility of issuing non-convertible debentures (NCDs) as part of a potential debt fundraising initiative. This development comes alongside the scheduling of a crucial board meeting to discuss financial results and borrowing strategies.

Board Meeting Announcement

According to a recent regulatory filing, HPCL has scheduled its next Board of Directors meeting for Thursday, August 07, 2025. The meeting agenda includes two key items:

1. Consideration of the Un-audited Financial Results (Standalone & Consolidated) for the Quarter ended June 30, 2025.
2. Discussion on borrowing funds through the issuance of Non-convertible Debentures.

Potential Debt Fundraising

The company's interest in evaluating NCD issuance suggests a strategic move to raise capital through debt instruments. Non-convertible debentures are fixed-income debt securities that cannot be converted into equity shares. This approach could provide HPCL with additional financial flexibility to support its operations and growth initiatives.

Trading Window Closure

In line with regulatory requirements and the company's Insider Trading Code, HPCL has announced that the Trading Window for dealing in the company's securities will remain closed until August 09, 2025. This closure applies to all 'Insiders' as defined by the company's trading policies.

Upcoming Annual General Meeting

In a separate announcement, HPCL has also notified shareholders about its upcoming 73rd Annual General Meeting (AGM) for the financial year 2024-25. The company has taken steps to ensure that shareholders whose email addresses are not registered with the Registrar and Share Transfer Agent or Depository Participants can access the Integrated Annual Report through a provided web link.

This series of announcements underscores HPCL's commitment to transparency and compliance with regulatory requirements while exploring potential avenues for financial management and stakeholder engagement.

Investors and market observers will likely keep a close watch on the outcomes of the upcoming board meeting, particularly regarding the potential NCD issuance and the company's financial performance for the quarter ended June 30, 2025.