Indian Oil Corporation Limited announced that three of its Independent Directors have stepped down from their positions effective March 28, 2026. This cessation of roles occurs due to the mandatory completion of their tenure as per regulatory guidelines. The affected directors include Shri Prasenjit Biswas, Shri Krishnan Sadagopan, and Dr. Dattatreya Rao Sirpurker. The Company Secretary confirmed the required disclosures were made to the stock exchanges on the same date.
Key Announcement: Cessation of Independent Directors
In compliance with applicable corporate governance requirements, Indian Oil Corporation Limited has formally notified the stock exchanges regarding a change in its Board of Directors. Effective March 28, 2026, three esteemed members of the Board have concluded their service as Independent Directors.
Directors Stepping Down
The mandatory stepping down of these members is a result of the completion of their stipulated tenure period. The three Independent Directors whose tenure has ended are:
- Shri Prasenjit Biswas (DIN – 09398565)
- Shri Krishnan Sadagopan (DIN – 09397902)
- Dr. Dattatreya Rao Sirpurker (DIN – 09400251)
The filing, dated March 28, 2026, confirms that these regulatory disclosures have been successfully submitted to both the National Stock Exchange of India Limited and the BSE Limited for necessary records.
Source: BSE
