Hindustan Oil Exploration Company Limited has informed the Exchange about change in Management

Ceo ResignedCeo Appointed ExternalManagement Changes View source PDF Explain this filing

HINDOILEXP · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹132.00

prior close

₹133.46

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.3% vs market

Oil peers, median of 14sector · industry level-1.4%+1.9% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.9 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+0.5+0.2+0.3-1.4+1.9

Next day

-0.1+0.4-0.5-0.7+0.7

-0.4-0.6+0.3-2.1+1.7

+3.6-2.8+6.5-1.6+5.2

+14.8-5.4+20.2-2.6+17.4

+15.0-4.4+19.4-2.4+17.4

+24.8-7.1+31.9-2.6+27.5

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-8.3-6.6-1.7-5.7-2.7

+16.2+7.7+8.5+3.1+13.1

+24.2+10.3+14.0+2.8+21.5

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hindustan Oil Exploration Company (HOEC) has announced a top management change following board meetings on January 23 and February 25, 2026. Mr. Ramasamy Jeevanandam has resigned as Managing Director effective March 31, 2026, citing health issues and personal reasons after about 11 years at the company (including 2 years as MD). Mr. Baroruchi Mishra, aged 58, with over 35 years of experience in Oil & Gas and New Energies, has been appointed as the new Managing Director & CEO for a 3-year term starting April 1, 2026, subject to shareholder approval. Separately, Dr. Jagadip Narayan Singh, a retired IAS officer and former Chief Secretary of Gujarat, was appointed as Non-Executive Independent Director & Chairman for a 5-year term from January 23, 2026.

Likely market impact

A planned, orderly leadership transition with a domain-experienced successor in the MD & CEO role and a senior bureaucrat as Chairman should reassure shareholders. Shareholder approval for the new MD's appointment is pending and will be a near-term watchpoint.