Oil & Natural Gas Corporation has announced a key leadership appointment following directives from the Ministry of Petroleum and Natural Gas. The company has disclosed the assignment of additional charge for a senior directorial position under regulatory compliance requirements.

Leadership Appointment Details

The Ministry of Petroleum and Natural Gas has entrusted additional responsibilities to Shri Vikram Saxena, currently serving as Director (Technology & Field Services). The appointment details are structured as follows:

Appointment Terms and Conditions

The appointment carries specific terms as outlined by the ministry directive. Saxena will hold the additional charge for a period of three months from March 1, 2026, or until the appointment of a regular incumbent to the post, whichever occurs earlier. The arrangement remains subject to further orders from the Ministry of Petroleum and Natural Gas.

Regulatory Compliance

ONGC has made this disclosure in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The ministry communicated the decision through letter number CA-31011/2/2026-CA-PNG (55193) dated March 3, 2026. Company Secretary and Compliance Officer Shashi Bhushan Singh signed the regulatory filing on March 3, 2026.

Strategic Implications

The appointment ensures continuity in the Strategy & Corporate Affairs function while the company seeks a permanent appointee for the position. Saxena's dual role combines his existing technology and field services expertise with strategic and corporate affairs responsibilities, providing comprehensive oversight during the transition period.

Oil & Natural Gas Corporation Limited has announced a senior management change through a regulatory filing to the stock exchanges on March 1, 2026. The disclosure was made in compliance with SEBI (LODR) Regulations, 2015, specifically under Regulation 30 read with Schedule III.

Senior Management Change Details

The company has informed about the superannuation of a key executive position effective from March 1, 2026. The change affects the senior management structure at one level below the Board of Directors.

Regulatory Compliance

The disclosure was made pursuant to the mandatory requirements under SEBI (LODR) Regulations, 2015. Companies are required to inform stock exchanges about changes in senior management positions to ensure transparency and keep investors informed about key personnel changes.

The notification was sent to both the National Stock Exchange of India Limited and BSE Limited, where ONGC shares are listed under the symbol ONGC with BSE Security Code 500312. The communication was signed by Shashi Bhushan Singh, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with regulatory protocols.