Oil India Limited announced the cessation of three Independent Directors—Shri Balram Nandwani, Shri Raju Revanakar, and Ms. Pooja Suri—effective March 28, 2026. This change follows the completion of their stipulated tenure, as confirmed by the Ministry of Petroleum & Natural Gas. Furthermore, Ms. Pooja Suri also stepped down from her role at the material subsidiary, Numaligarh Refinery Limited, as her tenure there was linked to her position on the OIL Board.
Completion of Tenure for Key Directors
Oil India Limited (OIL) has formally notified exchanges regarding a change in its Board composition. Effective March 28, 2026, three sitting Independent Directors have completed their tenure and consequently ceased to hold their positions on the Board of Directors.
The individuals who stepped down are:
- Shri Balram Nandwani [DIN: 00356119]
- Shri Raju Revanakar [DIN: 09398201]
- Ms. Pooja Suri [DIN: 03077515]
This decision aligns with directives issued by the Ministry of Petroleum & Natural Gas (MoP&NG) through a communication dated March 28, 2025.
Impact on Subsidiary Board
The announcement further clarified that the change impacts OIL’s material subsidiary as well. Ms. Pooja Suri, who also served as an Independent Director on the Board of Numaligarh Refinery Limited, has concurrently ceased her appointment there, as that position was co-terminus with her tenure at the main OIL Board. The company thanked the outgoing directors for their contributions.
Source: BSE
