Hindustan Petroleum Corporation Limited (HPCL) announced significant changes to its Board of Directors, effective March 10, 2026. Two Government Nominee Directors, Shri Vinod Seshan and Shri Pankaj Kumar, have ceased to hold their positions. In their place, the Board has appointed Shri Vikram Saxena as a new Government Nominee Director for a three-year term. Shri Saxena brings over 35 years of experience from ONGC, specializing in Exploration & Production operations.
HPCL Announces Key Changes to Board of Directors
Hindustan Petroleum Corporation Limited (HPCL) has formally informed exchanges regarding changes in its Board composition, effective March 10, 2026 (PM). These updates were made following communication received from the Ministry of Petroleum & Natural Gas.
Cessation of Directors
The following individuals have ceased to serve as Government Nominee Directors on the Board:
- Shri Vinod Seshan (DIN: 07985959)
- Shri Pankaj Kumar (DIN: 09252235)
Appointment of New Director
The Board approved the appointment of Shri Vikram Saxena (DIN: 10892368) as a Government Nominee Director. Shri Saxena currently serves as Director (Technology & Field Services) at ONGC. His tenure on the HPCL Board is set for a period of three years on a co-terminus basis, or until further orders are issued, whichever occurs earlier.
Director Profile Highlights
Shri Vikram Saxena possesses a robust background, holding a degree in Mechanical Engineering and a postgraduate degree in Human Resource Management. He brings extensive experience spanning over 35 years in Exploration & Production (E&P) operations across both onshore and offshore domains. Prior to his current directorship at ONGC (effective March 06, 2025), where he spearheads the Drilling & Well Services campaign, he held several key leadership roles within ONGC. His expertise covers operations, maintenance, regulatory frameworks, and EHS matters.
Compliance Confirmation
It is confirmed that Shri Vikram Saxena is not related to any existing Directors of HPCL and is not debarred from holding a Director’s office by any regulatory authority.
The Board Meeting concerning these changes commenced at 2:00 p.m. and concluded at 6:00 p.m. on March 10, 2026.
Source: BSE
