Indian Oil Corporation Limited (IndianOil), one of the largest oil and gas companies in India, has made a key announcement regarding the superannuation of three of its senior management executives. These changes are in line with the company's leadership transition plan and are effective from April 30, 2025.

As per the disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IndianOil shared the retirement of the following senior personnel:

1. Shri D N Badarinarayan – Executive Director I/c (Engineering & Projects), Marketing Division

2. Shri B. Anil Kumar – Executive Director & State Head, Telangana & Andhra Pradesh SO, Marketing Division

3. Shri Pankaj Kuchhal – Executive Director I/c (Material & Contracts), Pipeline Division

These senior executives, who have contributed significantly to IndianOil’s operations and strategy, are retiring after years of dedicated service to the organization. Their retirement marks a notable shift in leadership at a crucial level in the company, as they were each responsible for managing critical aspects of IndianOil’s operations, including engineering, marketing, and pipeline divisions.

This leadership change is part of IndianOil’s commitment to ensuring continued growth and operational excellence while adhering to the regulatory framework laid out by SEBI. The announcement complies with the mandatory disclosure norms for listed companies to inform the stakeholders of significant developments within the organization.

The transition will allow IndianOil to strategically strengthen its management structure and continue its focus on growth, innovation, and sustainability in the energy sector. IndianOil’s extensive presence in the oil and gas industry ensures that leadership changes like these are well-planned, ensuring smooth transitions and continuity in their operations.

IndianOil continues to be one of India’s top Maharatna companies, known for its strong commitment to quality, customer service, and sustainability. The company’s consistent performance in the oil and gas industry is testament to the contributions of leaders like Shri D N Badarinarayan, Shri B. Anil Kumar, and Shri Pankaj Kuchhal. The organization remains committed to maintaining its position as an industry leader, adapting to market changes, and driving forward its vision of a sustainable energy future.

This disclosure is part of IndianOil's ongoing efforts to maintain transparency and uphold corporate governance standards.

Enclosures:

• Details of the senior management superannuation

• IndianOil's commitment to leadership transition and corporate governance

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