Oil & Natural Gas Corporation Limited has informed the Exchange regarding Cessation of Mr Vivek Chandrakant Tongaonkar as Chief Financial Officer of the company w.e.f. May 01, 2026.
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ONGC announced that Shri Vivek Chandrakant Tongaonkar has ceased to be Director (Finance) and Chief Financial Officer (CFO) of the company effective May 1, 2026. The cessation was due to superannuation, meaning he attained the mandatory retirement age. The company filed this disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates timely disclosure of material events like KMP changes. As a Public Sector Undertaking, ONGC follows government-mandated retirement policies. The company has not yet announced his replacement.
The departure due to superannuation is a routine event and unlikely to create negative sentiment. However, investors should monitor for the appointment of a new CFO, as the finance leadership role is critical to the company's operations.