Hindustan Oil Exploration Company Limited has informed the Exchange regarding Outcome of Board Meeting held on February 25, 2026.
HINDOILEXP · price
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HOEC's board, at its meeting on February 25, 2026, noted the resignation of current Managing Director Mr. Ramasamy Jeevanandam effective close of business on March 31, 2026, citing health issues and personal reasons after 11 years with the company. The board approved the appointment of Mr. Baroruchi Mishra (aged 58, with over 35 years of experience in Oil & Gas and New Energies) as the new Managing Director & CEO for a 3-year term starting April 1, 2026, subject to shareholder approval. To facilitate this, Mr. Mishra was redesignated from Independent Director to Non-Executive Non-Independent Director with effect from February 25, 2026. He was previously shortlisted by PESB for the ONGC Chairman & Managing Director position in 2022. This follows the earlier January 23, 2026 appointment of Dr. Jagadip Narayan Singh, a retired IAS officer and former Chief Secretary of Gujarat, as Non-Executive Independent Chairman for a 5-year term.
A planned leadership transition with a seasoned oil & gas industry veteran taking over as MD & CEO, subject to shareholder approval. Investors should watch the shareholder vote on Mr. Mishra's appointment and any near-term continuity in business strategy.