Announcement regarding cessation of Mr. Pronip Kumar Borthakur on completion of his tenure as Non-Executive Independent Director.
HINDOILEXP · price
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Mr. Pronip Kumar Borthakur (DIN: 06417854) has retired from the Board of Hindustan Oil Exploration Company as Non-Executive Independent Director with effect from end of day on June 14, 2026. The retirement is due to the completion of his two consecutive 5-year terms, which is the maximum tenure permitted for an independent director under the law. The Board has recorded its appreciation for his contributions and has reconstituted its key committees — Audit, Nomination & Remuneration, CSR, and Risk Management — effective the same date. No other directors have been newly appointed in his place, as per this disclosure.
This is a routine, non-event for shareholders — a pre-scheduled tenure exit with no governance concerns flagged. The company will need to fill the vacancy on its Board and committees in due course, but there is no impact on operations or financials.