CHENNPETRONSEChennai Petroleum Corporation Limited· RefineriesMediumNeutral
Announced Tue, 31 Mar · 18:38 IST

Chennai Petroleum Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

CHENNPETRO · price

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Price reaction · full curve 14 horizons · vs prior close
+6.4%1-day move
₹971.00
prior close
₹995.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.6-0.1-0.9+6.4+0.6+0.5+2.0+1.4-3.0+6.9+14.7+12.7+16.6
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AI summary

Chennai Petroleum Corporation Limited (CPCL) has informed the exchanges that Shri M Annadurai (DIN: 10870538) ceased to be a Non-Executive Nominee Director on the company's board effective March 31, 2026. The cessation is a result of his superannuation from Indian Oil Corporation Limited (IOCL), which is the holding company of CPCL. As a nominee director representing IOCL, his exit follows the standard practice tied to retirement from the parent company. No replacement appointment has been announced in this filing.

Likely market impact

This is a routine, expected change linked to the retirement of an IOCL nominee and is unlikely to materially affect the stock price or operations. Shareholders should watch for a subsequent announcement regarding the new IOCL nominee director on CPCL's board.