ONGCNSEOil & Natural Gas Corporation Limited· Oil Exploration/ProductionMediumNeutral
Announced Tue, 1 Jul · 11:33 IST

Oil & Natural Gas Corporation Limited has informed the Exchange regarding Cessation of Mrs Sushma Rawat as Executive Director of the company w.e.f. July 01, 2025.

Kmp ResignedManagement Changes View source PDF

ONGC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mrs. Sushma Rawat ceased to be Director (Exploration) of ONGC effective July 1, 2025, upon attaining the age of superannuation. Her role was a Key Managerial Personnel (KMP) position on the board. To ensure continuity, Vikram Saxena, the existing Director (Technology & Field Services), has been given the additional charge of Director (Exploration) for three months or until a regular appointee is named. The arrangement was made by the Ministry of Petroleum and Natural Gas, Government of India.

Likely market impact

This is a routine leadership transition due to retirement and does not indicate any governance concern. The three-month interim charge ensures no disruption to ONGC's exploration function, with a permanent appointment expected shortly.