Indian Oil Corporation Limited has informed the Exchange regarding Change in Director(s) of the company.
IOC · price
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Indian Oil Corporation Limited has disclosed that Dr. Alok Sharma, Director (Research & Development) with DIN-10453982, has superannuated (retired) from the company's services on 31st March 2026. Consequently, he ceased to be a Director of the Company effective 1st April 2026. This is a routine retirement-based exit as per the company's superannuation policy, and the company has filed this disclosure under SEBI (LODR) Regulation 30 read with Part A of Schedule III. The company secretary, Mr. Kamal Kumar Gwalani, signed the disclosure on 1st April 2026.
Dr. Sharma's superannuation removes a senior leadership figure from the R&D vertical. While it is a planned retirement, it creates a vacancy at the board level that the company will need to fill, potentially impacting investor sentiment marginally in the near term.