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

Multiple Ind Directors ResignedManagement Changes View source PDF

IOC · price

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Price reaction · full curve 14 horizons · vs prior close

-1.2%1-day move

₹137.36

prior close

₹135.38

base price

After-mkt

timing

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+1.5+1.3+1.3+2.1-1.2-2.1-2.3-1.9+4.5+4.1+6.0+3.7+1.2+1.5

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AI summary

Indian Oil Corporation has informed the stock exchanges that three Independent Directors have ceased to hold office on the board with effect from 28 March 2026, upon completion of their tenure. The directors are Shri Prasenjit Biswas, Shri Krishnan Sadagopan, and Dr. Dattatreya Rao Sirpurker. The disclosure has been made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. This is a routine board change linked to the end of fixed terms for independent directors.

Likely market impact

Since the departure is due to natural completion of tenure and not due to any governance issue or disagreement, the impact on shareholders and the stock is expected to be neutral. Investors may watch for announcements on the appointment of new Independent Directors to reconstitute the board.