Oil & Natural Gas Corporation Limited has informed the Exchange regarding Cessation of Mr Vivek Chandrakant Tongaonkar as Executive Director 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 with effect from May 1, 2026. The cessation was due to attaining the age of superannuation (retirement). This disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015. The company secretary Shashi Bhushan Singh signed the intimation to the exchanges.
This is a routine retirement at superannuation and not a cause for concern. However, with the dual role of Finance Director and CFO becoming vacant simultaneously, shareholders should monitor for the appointment of a new CFO to ensure continuity in financial leadership.