MUMBAI – Indian Oil Corporation Limited (IOCL) has officially notified stock exchanges of a significant change in its board composition following the completion of the terms of three Independent Directors.
In a regulatory filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, India’s largest oil refiner confirmed that the following directors ceased to hold office effective March 28, 2026:
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Prasenjit Biswas
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Krishnan Sadagopan
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Dattatreya Rao Sirpurker
The company clarified that these departures are strictly due to the natural conclusion of their respective tenures and are not related to any resignations. As a major public sector enterprise, Indian Oil’s adherence to transparent board transitions is a key component of its corporate governance framework, which is closely monitored by energy sector stakeholders and investors.
