Indian Oil Corporation announces senior management change

Indian Oil Corporation Limited (IOCL) announced a change in its senior management, effective October 6, 2025. N.M. Bhalerao, who served as executive director (finance) at Pipelines Head Office, has ceased to be a senior management personnel of IndianOil. This change is classified as a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Mr. Bhalerao's departure from IndianOil’s senior management follows his appointment as director (finance) on the Board of Garden Reach Shipbuilders & Engineers Ltd. This move signifies a notable shift in leadership for the oil major, with a key financial executive transitioning to a new role in a different public sector enterprise.

The announcement was communicated by Kamal Kumar Gwalani, company secretary of Indian Oil Corporation, to both the National Stock Exchange of India Limited and BSE Limited.