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.
ONGC · price
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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.
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.