Indian Oil Corporation has announced the retirement of three senior management personnel, effective 31st March 2026. This change comes as part of the company’s ongoing organisational adjustments.
The executives who have retired include Mr. M Annadurai, who served as the Executive Director and State Head for the Tamil Nadu State Office. Mr. Arvind Acharya, the Executive Director (PAG) at the Corporate Office, has also stepped down. Additionally, Ms. Piyali Chakraborty, who was the Executive Director-In-Charge (HR) at the Refineries Headquarters, has retired.
These retirements mark a significant transition for Indian Oil Corporation as the company continues to evolve its leadership structure. The organisation has not yet announced successors for these positions.
The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates the disclosure of changes in senior management personnel.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).