News Stocks Indian Oil Corporation Announces Superannuation of Two Executive Directors Effective February 28, 2026Indian Oil Corporation Announces Superannuation of Two Executive Directors Effective February 28, 2026
Indian Oil Corporation Limited disclosed the superannuation of two Executive Directors effective February 28, 2026, under SEBI regulatory compliance. Mr. Pitamber Tripathy (Executive Director I/c, Western Region Office) and Mr. Saurabh Dutt (Executive Director I/c, CC & Branding, Corporate Office) retired from their senior management positions. The disclosure was made on March 1, 2026, in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
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Indian oil corporation has announced significant changes in its senior management structure with the superannuation of two Executive Directors. The company made this disclosure on March 1, 2026, in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Senior Management Changes
The oil marketing giant informed both the National Stock Exchange of India Limited and BSE Limited about the retirement of two key executives effective February 28, 2026. Both individuals held positions one level below the Board of Directors, qualifying them as senior management personnel under regulatory definitions.
| Parameter | Details |
|---|---|
| Effective Date | February 28, 2026 |
| Regulatory Compliance | Regulation 30 of SEBI (LODR) Regulations 2015 |
| Management Level | One level below Board of Directors |
| Disclosure Date | March 1, 2026 |
Executive Directors Who Superannuated
The company provided specific details about the retiring executives and their respective roles within the organization.
| SI No. | Name | Designation |
|---|---|---|
| 1 | Mr. Pitamber Tripathy | Executive Director I/c, Western Region Office |
| 2 | Mr. Saurabh Dutt | Executive Director I/c (CC & Branding), Corporate Office |
Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates listed companies to inform stock exchanges about material events and changes in senior management. The communication was signed by Company Secretary Kamal Kumar Gwalani and sent to both major stock exchanges where the company's shares are listed.
Company Information
Indian Oil Corporation Limited, a Maharatna company, operates from its registered office at IndianOil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai. The company maintains its commitment to transparency and regulatory compliance through timely disclosures of significant corporate developments and management changes.
Historical Stock Returns for Indian Oil Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.54% | +7.56% | +20.15% | +34.91% | +61.03% | +186.78% |
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