IOCNSEIndian Oil Corporation Limited· RefineriesMediumNeutral
Announced Wed, 1 Apr · 10:07 IST

Indian Oil Corporation Limited has informed the Exchange regarding 'Change in Senior Management Personnel'.

Management Changes View source PDF

IOC · price

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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹136.10
prior close
₹136.67
base price
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AI summary

Indian Oil Corporation Limited has disclosed that three Senior Management personnel (one level below the Board of Directors) have superannuated (retired) from the company on 31 March 2026. The retiring officials are: Mr. M Annadurai (Executive Director & State Head, Tamil Nadu State Office), Mr. Arvind Acharya (Executive Director, PAG, Corporate Office), and Ms. Piyali Chakraborty (Executive Director-I/c HR, Refineries Headquarters). This is a routine retirement as per the company's superannuation policy, not a resignation or forced departure. The company has made this disclosure under Regulation 30 of SEBI (LODR) Regulations 2015, which requires listed companies to inform the exchange about changes in key management personnel.

Likely market impact

This is a routine personnel change due to superannuation and is unlikely to have any material impact on the company's operations or stock price. These are mid-level senior management positions, and the replacements would be appointed through normal internal processes.