Oil India Limited has informed the Exchange regarding Change in Director(s) of the company.
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Oil India informed the stock exchanges about the outcome of its board meeting held on 24 June 2025. The board approved the appointment of Shri Vikas Singh (DIN 111676xx) as a Government Nominee Director on the board, effective 24 June 2025, based on a directive from the Ministry of Petroleum & Natural Gas (MoP&NG). The company confirmed that Shri Vikas Singh is not related to any existing director and has not been debarred by SEBI or any other authority. Additionally, certain company executives were promoted to the level of Executive Director, which is one level below the Board of Directors, with details provided in an annexure. The board meeting ran from 2:00 PM to 5:30 PM.
These are routine governance changes for a Maharatna CPSE. The government nominee appointment follows the standard process for public sector undertakings, and the internal promotions reflect normal succession planning. No material impact on operations, financials, or shareholder value is expected.