Oil & Natural Gas Corporation Limited has informed the Exchange regarding Cessation of Mr Bhagchand Agarwal as Non- Executive Independent Director of the company w.e.f. March 28, 2026.
ONGC · price
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ONGC has informed the stock exchanges that three of its Independent Directors have ceased to hold office with effect from March 28, 2026, upon completing their tenure. The directors stepping down are Shri Bhagchand Agarwal, Ms. Reena Jaitly, and Shri Manish Pareek. The disclosure has been made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30). All three departures are happening on the same day, which means three board positions will need to be filled to meet the minimum independent director requirements.
These are routine tenure-end exits and not resignations over any dispute, so the stock price is unlikely to move significantly. However, ONGC will need to appoint new independent directors in due course to maintain proper board composition under SEBI norms.