Indian Oil Corporation Limited has informed the Exchange regarding 'Change in Senior Management Personnel'.
IOC · price
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Indian Oil Corporation has informed the exchanges that Shri S G Venkatesh, Executive Director (Petrochemicals) in the Business Development Group, has stepped down as a Senior Management Personnel of IOCL with effect from 5th January 2026. The change is because he has been appointed as Director (Technical) on the Board of Chennai Petroleum Corporation Limited (CPCL), which is a subsidiary of IOCL. This is essentially an internal group-level transfer, with Mr. Venkatesh moving to a board-level role at the subsidiary rather than leaving the organization entirely. The disclosure is made under SEBI Listing Regulations and signed by Company Secretary Kamal Kumar Gwalani.
This is a routine internal movement within the IOCL group and is unlikely to have any meaningful impact on the stock price or shareholder value. Investors should note that a senior IOCL executive has been placed on the board of CPCL, which could strengthen oversight and technical leadership at the subsidiary.