ONGC Responds to BSE Volume Movement Inquiry, Cites Market Forces and Geopolitical Tensions

1 min read Updated on 04 Mar 2026, 02:40 PM

Reviewed by

Ashish TScanX News Team

Overview

Oil & Natural Gas Corporation Limited clarified to BSE that recent share volume movements are market-driven, attributing fluctuations to geopolitical tensions affecting oil and gas prices over the past 5-6 months. The company confirmed compliance with SEBI disclosure regulations and stated no pending announcements would impact volume behavior. Company Secretary Shashi Bhushan Singh issued the response on March 4, 2026, emphasizing that all necessary regulatory disclosures have been made.

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Oil & Natural Gas Corporation Limited has responded to a volume movement inquiry from BSE, clarifying that recent fluctuations in share trading volumes are driven by market forces rather than any undisclosed corporate developments. The company addressed the exchange's concerns through an official communication dated March 4, 2026.

Regulatory Compliance and Disclosure Status

ONGC confirmed its adherence to regulatory requirements in its response to BSE's inquiry. The company emphasized that it has made all necessary disclosures pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 that have bearing on its operations and performance. Company Secretary and Compliance Officer Shashi Bhushan Singh stated there are no pending announcements that would influence the volume behavior of the shares.

Market Forces Behind Volume Movement

The oil and gas major attributed the share volume movements to external market conditions rather than company-specific factors. ONGC highlighted significant upheaval in oil and gas prices over the past 5-6 months due to geopolitical tensions as a key driver of market activity.

Factor	Impact
Geopolitical Tensions	Oil and gas price volatility
Market Forces	Share volume fluctuations
Regulatory Compliance	All required disclosures made
Pending Announcements	None affecting volume behavior

Exchange Communication Details

The clarification was issued in response to BSE's email reference L/SURV/ONL/PV/SG/2025-2026/951. ONGC addressed both major stock exchanges - the National Stock Exchange of India Limited and BSE Limited - through its company secretariat. The communication was digitally signed by Company Secretary Shashi Bhushan Singh on March 4, 2026.

Corporate Information

ONGC trades on stock exchanges under the symbol ONGC in the equity series, with BSE security code 500312 for equity shares and 959881 for non-convertible debentures. The company maintained transparency by providing this clarification for the information and record of the exchanges, reinforcing its commitment to regulatory compliance and investor communication.

Historical Stock Returns for Oil & Natural Gas Corporation

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.86%	+0.47%	+9.06%	+15.64%	+23.02%	+144.01%

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ONGC Appoints Vikram Saxena as Additional Director for Strategy & Corporate Affairs

1 min read Updated on 03 Mar 2026, 01:49 PM

Reviewed by

Riya DScanX News Team

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Overview

Oil and Natural Gas Corporation Limited has appointed Shri Vikram Saxena as additional Director (Strategy & Corporate Affairs) for three months starting March 1, 2026. Saxena, currently Director (Technology & Field Services), will hold the additional charge until a regular incumbent is appointed or further ministry orders. The appointment follows Ministry of Petroleum and Natural Gas directive dated March 3, 2026, and was disclosed under SEBI regulatory compliance requirements.

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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:

Parameter:	Details
Appointee:	Shri Vikram Saxena
Current Position:	Director (Technology & Field Services)
Additional Charge:	Director (Strategy & Corporate Affairs)
DIN:	10892368
Effective Date:	March 1, 2026
Duration:	Three months

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.

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