Hindustan Petroleum Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
HINDPETRO · price
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HPCL informed the stock exchanges about changes to its board effective March 10, 2026, following a directive from the Ministry of Petroleum & Natural Gas. Two Government Nominee Directors, Shri Vinod Seshan and Shri Pankaj Kumar, stepped down from the board. In their place, Shri Vikram Saxena, currently Director (Technology & Field Services) at ONGC, has been appointed as a new Government Nominee Director for a period of three years (or co-terminus with his ONGC role, whichever is earlier). Saxena holds a Mechanical Engineering degree, a PG in HR Management, and brings over 35 years of experience in exploration and production (E&P) operations at ONGC.
This is a routine government-nominee board reshuffle at a PSU and is unlikely to materially affect HPCL's operations or stock price. The incoming director is from ONGC (the parent promoter), reinforcing continued government/ONGC oversight on HPCL's board.