Chennai Petroleum Corporation Limited (CPCL) has formally announced the cessation of two of its Independent Directors: Mr. Ravi Kumar Rungta (DIN: 00993270) and Dr. C.K. Shivanna (DIN: 09398521). Their tenure concluded with effect from the closure of business hours on March 28, 2026. The cessation occurred due to the completion of their stipulated terms on the Board of Directors.
Board Update: Independent Director Tenure Completion
In adherence to corporate disclosure norms, Chennai Petroleum Corporation Limited (CPCL) has notified the exchanges regarding changes in its Board composition. The company confirmed the departure of two key members from their roles as Independent Directors.
The directors ceasing their roles are:
- Mr. Ravi Kumar Rungta (DIN: 00993270)
- Dr. C.K. Shivanna (DIN: 09398521)
Effective Date of Cessation
The formal separation of service for both individuals took place effective from the closure of business hours on Friday, March 28, 2026. The reason cited for their departure is the completion of their tenure as Independent Directors on the Board of CPCL.
Regulatory Disclosure Details
As required under Regulation 30 of the Listing Regulations, CPCL provided detailed information in Annexure I. For this specific event, the disclosure confirmed that since this was a case of retirement upon tenure completion, a brief profile (in case of appointment) and disclosure of relationships between directors were deemed Not Applicable.
The announcement was duly authorized and signed by P. Shankar, Company Secretary, on March 28, 2026.
Source: BSE
