ONGCNSEOil & Natural Gas Corporation Limited· Oil Exploration/ProductionMediumNeutral
Announced Sat, 28 Mar · 13:40 IST

Oil & Natural Gas Corporation Limited has informed the Exchange regarding Cessation of Manish Pareek as Non- Executive Independent Director of the company w.e.f. March 28, 2026.

Multiple Ind Directors 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 14 horizons · vs prior close
+2.3%1-day move
₹281.10
prior close
₹282.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+1.6+1.3+1.2+2.3+1.8+0.1+1.9+1.7+2.0+1.9+6.3-6.1-16.4
Up moveDown movePending
AI summary

ONGC has informed the stock exchanges that three Independent Directors — Shri Bhagchand Agarwal, Ms. Reena Jaitly, and Shri Manish Pareek — have ceased to be on the board with effect from March 28, 2026, upon completion of their tenure. The company stated this disclosure is being made under SEBI's Listing Regulations. The announcement was signed by the Company Secretary and Compliance Officer. ONGC will now need to fill these independent director positions as per regulatory requirements.

Likely market impact

This is a routine end-of-tenure event and not an unexpected resignation, so it is unlikely to have a meaningful impact on the stock price. Shareholders should watch for announcements regarding new independent director appointments to reconstitute the board.