Mangalore Refinery And Petrochemicals Limited (MRPL) has officially announced that four of its Independent Directors have ceased to hold office effective March 28, 2026, following the completion of their tenure on March 27, 2026. The directors affected are Shri. Rajkumar Sharma, Shri. Manohar Singh Verma, Shri. Pankaj Gupta, and Ms. Cheruvally Nivedida Subramanian. Details regarding their committee memberships at the time of cessation are provided in the accompanying annexure.
Confirmation of Director Tenure Completion
Mangalore Refinery And Petrochemicals Limited (MRPL), a subsidiary of ONGC, has formally intimated the completion of tenure for four of its Independent Directors. This change in the board composition is effective from March 28, 2026, following the expiration of their term on March 27, 2026.
Directors Who Have Ceased Office
The following four individuals are confirmed to have ceased their roles as Independent Directors:
- Shri. Rajkumar Sharma
- Shri. Manohar Singh Verma
- Shri. Pankaj Gupta
- Ms. Cheruvally Nivedida Subramanian
Committee Membership Details at Cessation
The document provides a detailed breakdown of the committee memberships held by each outgoing director. Key committee roles included membership on the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility & SD Committee across the board.
Key Committee Roles Summary
For instance, Shri. Rajkumar Sharma was associated with the Audit Committee and Nomination and Remuneration Committee. Ms. Cheruvally Nivedida Subramanian was part of the Corporate Social Responsibility & SD Committee and the Audit Committee. All four directors officially ceased their roles on 28/03/2026.
Regulatory Filings
This intimation fulfills the requirements concerning changes in the office of directors as stipulated under the relevant disclosure regulations. The Company Secretary, Premachandra Rao G, digitally signed the intimation on March 27, 2026.
Source: BSE
