Indian Oil Corporation Limited (IOC), a Maharatna company, has officially announced a senior management change, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has disclosed the superannuation of Shri Anil Sarin, Executive Director I/c (Security & HS&E), Refineries Division, who retired from service on March 31, 2025.

Key Senior Management Retirement

As per Indian Oil Corporation’s regulatory filing, Shri Anil Sarin has superannuated from his role as Executive Director I/c (Security & HS&E), Refineries Division. His tenure at Indian Oil Corporation Limited has been marked by significant contributions in the areas of security, health, safety, and environmental management within the company’s Refineries Division.

Regulatory Compliance with SEBI LODR Regulations

Indian Oil Corporation’s disclosure aligns with SEBI (LODR) Regulations, 2015, which mandate timely communication of key management changes to the stock exchanges. This announcement has been filed with both:

• National Stock Exchange of India Limited (NSE) under the symbol IOC

• BSE Limited (BSE) under security code 530965

This transparency ensures that investors, stakeholders, and regulatory authorities are informed about key executive movements within the organization.

Impact on Indian Oil Corporation

With Shri Anil Sarin’s retirement, Indian Oil will likely implement a succession plan to fill the role and continue its commitment to operational excellence in safety and security management. The company is expected to announce the appointment of a new Executive Director I/c (Security & HS&E), Refineries Division in due course.

About Indian Oil Corporation Limited (IOC)

Indian Oil Corporation Limited is India’s largest oil and gas company and a Maharatna Public Sector Enterprise (PSE). With a strong presence across the hydrocarbon value chain, the company plays a pivotal role in ensuring India’s energy security. Indian Oil operates a vast network of refineries, pipelines, and marketing infrastructure, supplying fuel to millions of consumers across the country.

Conclusion

Indian Oil’s latest disclosure regarding the retirement of Shri Anil Sarin is in line with regulatory norms and reflects its commitment to corporate governance and transparency. Investors and stakeholders can expect further updates regarding the new appointment for this key leadership position in the Refineries Division.

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