Oil & Natural Gas Corporation Limited has announced the appointment of Shri Vinod Seshan as Government Nominee Director, marking a significant addition to the company's board leadership. The appointment, effective March 09, 2026, demonstrates the continued government oversight in India's largest oil and gas exploration company.

Appointment Details and Terms

The Board of Directors approved Seshan's appointment following directives from the Ministry of Petroleum and Natural Gas. The appointment spans three years on a co-terminus basis or until further orders, whichever comes first.

Professional Background and Qualifications

Seshan brings substantial experience to ONGC's board, with over 20 years of professional expertise spanning multiple sectors. As an officer from the 2008 batch of the Indian Administrative Service, Assam Cadre, he has demonstrated leadership across various government roles.

His experience encompasses:

• Policy Development: Over 17 years in policy making and implementation
• Infrastructure Management: Extensive experience in development and infrastructure project management
• Administrative Leadership: District administration and crisis response management
• Corporate Governance: Previous board positions at OIL India and HPCL
• Technology Sector: Prior experience in software services, development, testing, and knowledge management

Educational Credentials

Seshan's academic background reflects his technical and policy expertise. He holds a Bachelor's degree in Engineering (Electronics & Communication) from Visvesvariah University in Karnataka, India. Additionally, he has earned advanced degrees including a Master's in Public Policy and another in Infrastructure, Investments and Finance from University College London.

Regulatory Compliance

The appointment follows proper regulatory procedures under Regulation 30 of SEBI (LODR) Regulations, 2015. ONGC has confirmed that Seshan is not debarred from holding office by any SEBI order or other regulatory authority. The company has disclosed that there are no relationships between directors that require disclosure under current regulations.

Strategic Significance

This appointment reinforces the government's continued involvement in ONGC's strategic direction as the company navigates India's evolving energy landscape. Seshan's background in infrastructure financing and sustainability aligns with ONGC's operational focus and long-term strategic objectives in the oil and gas sector.

Oil & Natural Gas Corporation has informed stock exchanges about the allotment of equity shares by its joint venture companies registered in Gift City, Gandhinagar. The company received shares on rights basis from two joint venture entities established in partnership with Mitsui O.S.K. Lines Ltd., Japan.

Share Allotment Details

The equity share allotment from both joint venture companies follows identical parameters:

Joint Venture Structure

The company had previously established these joint ventures as 50% partnerships with Mitsui O.S.K. Lines Ltd., Japan. The two entities involved in the share allotment are:

• Bharat Ethane One IFSC Private Limited
• Bharat Ethane Two IFSC Private Limited

Both companies are registered in Gift City, Gandhinagar, operating under the International Financial Services Centre framework.

Shareholding Impact

Following the allotment of equity shares on rights basis, Oil and Natural Gas Corporation's shareholding percentage remains unchanged at 50% in both joint venture entities. This maintains the equal partnership structure with Mitsui O.S.K. Lines Ltd., Japan, that was established when the joint ventures were initially formed.

The company has informed both National Stock Exchange of India Limited and BSE Limited about this development as part of its regulatory disclosure obligations under listing requirements.