Oil India Limited has informed the Exchange regarding Change in Director(s) of the company.
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Oil India Limited has informed the stock exchanges that three of its Independent Directors have completed their tenure and accordingly ceased to be on the Board with effect from 28th March, 2026. The three directors are Shri Balram Nandwani, Shri Raju Revanakar, and Ms. Pooja Suri. Their completion of tenure was on 27th March, 2026, pursuant to a letter from the Ministry of Petroleum & Natural Gas, Government of India. Additionally, Ms. Pooja Suri also ceased to be an Independent Director of Numaligarh Refinery Limited, a material subsidiary of OIL, as her subsidiary role was co-terminus with her tenure on OIL's Board. The company is a Maharatna CPSE under the Government of India.
This is a routine government-directed board change as the directors' terms naturally expired, not an unexpected resignation. The departure of three Independent Directors creates vacancies that the Government of India (as promoter) will fill in due course; until new directors are appointed, the Board's composition will be below the required strength, which is normal for such transitions. No material impact on operations or shareholder value is expected.