Oil & Natural Gas Corporation (ONGC), India's state-owned oil and gas exploration company, has disclosed significant changes in its senior management effective November 1, 2025. The company has reported these changes to stock exchanges in compliance with regulatory requirements.

Key Management Changes

The following table summarizes the major changes in ONGC's senior management:

Company Secretary Transition

Rajni Kant, who held the position of Company Secretary and Compliance Officer (FCS: 4291), has ceased to hold the office upon reaching the age of superannuation. This change marks a significant transition in ONGC's corporate governance structure.

Executive Level Changes

The company has also reported changes in senior management positions one level below the Board. Three Executive Directors - Arup Kumar Das, Joseph Rozario Vijay Raj, and Rajiv Nischal - have superannuated from their positions.

Compliance and Disclosure

These management changes were disclosed by ONGC in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures were made to both the National Stock Exchange of India Ltd. and BSE Limited.

New Compliance Officer

Following these changes, Shashi Bhushan Singh has been appointed as the new Compliance Officer for ONGC, as evidenced by his digital signature on the regulatory filings.

These senior management changes at ONGC may have implications for the company's operational strategies and corporate governance. Stakeholders and investors will likely be watching closely to see how these transitions impact the company's performance and decision-making processes in the coming months.

Oil & Natural Gas Corporation (ONGC), India's state-owned oil and gas exploration and production giant, has announced significant changes to its credit ratings for its Non-Convertible Debenture (NCD) programmes and set a record date for interim dividend consideration.

Credit Rating Changes

India Ratings and Research Private Limited has made the following adjustments to ONGC's credit ratings:

Reasons for Rating Actions

1. Redeemed Tranche: The Rs 500 crore NCD tranche rating was withdrawn as it has been fully redeemed, with no outstanding amount remaining.

2. Unutilized Programme: At ONGC's request, the rating for the Rs 860 crore unutilized NCD programme was withdrawn.

3. Affirmed Rating: India Ratings maintained its 'IND AAA/Stable' rating for the remaining Rs 1,000 crore NCD programme, indicating ONGC's continued strong creditworthiness.

ONGC's Market Position

India Ratings' decision to maintain the AAA rating for the balance NCD programme underscores ONGC's robust market position. The rating agency highlighted:

• ONGC's strong linkages with the Government of India, which holds a 58.89% stake in the company.
• The company's dominant position in domestic crude oil and natural gas production.

Production and Financial Highlights

ONGC's recent performance metrics include:

• Consolidated oil and gas production of 51.36 million metric tonnes of oil equivalent (mmtoe).
• Standalone revenue of Rs 1,378.46 billion.
• Proven reserves standing at 775.42 million metric tonnes of oil equivalent.

Broader Credit Profile

According to the LODR data, ONGC maintains a diverse credit rating profile across various instruments:

These ratings reflect ONGC's strong financial position and its ability to meet its financial obligations across various debt instruments.

Interim Dividend Announcement

ONGC has fixed November 14, 2025 as the record date for determining member eligibility for interim dividend payment. The dividend decision will be made at a board meeting scheduled for November 10, 2025. The company has notified both NSE and BSE exchanges about this record date announcement.

The recent credit rating actions, ONGC's robust financial profile, and the announcement of a potential interim dividend suggest that the company continues to maintain a strong position in India's oil and gas sector, with solid financial management practices in place and a commitment to shareholder returns.