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

HINDPETRO · price

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Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹340.25

prior close

₹332.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.8+1.6+1.4+2.5-1.5-4.1-3.4-3.1+7.3+6.1+10.9+10.1+14.0+15.7

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AI summary

Hindustan Petroleum Corporation Limited (HPCL) has informed the exchanges that two Independent Directors — Shri Bechan Lal (DIN: 09397116) and Smt. Sharda Singh Kharwar (DIN: 09414443) — have stepped down from the board effective March 28, 2026. Their departure follows the completion of their tenure on March 27, 2026. The filing is made under SEBI Listing Regulations (Reg 30, Schedule III Part A). This is a routine, planned end-of-term exit and is not linked to any governance concern, resignation, or removal. HPCL will likely announce the appointment of new Independent Directors in due course to comply with board composition norms under the Companies Act and SEBI rules.

Likely market impact

This is a routine board-level transition with no material impact expected on the stock or operations. Investors may watch for forthcoming announcements regarding the appointment of replacement Independent Directors to fill the two vacant board seats.