Oil India Limited has informed the Exchange regarding Change in Director(s) of the company.
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Awaiting price reaction for this filing.
Oil India Limited has appointed Dr. Ankur Baruah (DIN: 10927299) as Director (Human Resources) with effect from 16th April 2025, based on a directive from the Ministry of Petroleum & Natural Gas. Dr. Baruah was already working at Oil India as Executive Director (HR) and has around three decades of experience in HR and corporate leadership, holding an MBA in HR and a PhD in Business Administration. Following this appointment, Dr. Ranjit Rath, the Chairman & Managing Director, has been relieved of the additional charge of Director (HR) that he was holding. The company confirmed Dr. Baruah is not related to any existing director and has not been debarred by SEBI or any other authority.
This is a routine government-directed internal appointment of a functional director and is unlikely to materially affect the stock price. Shareholders should note the CMD no longer holds additional charge of the HR portfolio, which may marginally improve governance focus.