Oil and Natural Gas Corporation Ltd

Oil and Natural Gas Corporation Ltd (ONGC) has announced the incorporation of its Joint Venture Company, ONGC Petrochemicals Marketing Limited (OPML), on October 7, 2026. OPML, a public limited company, will focus on the integrated marketing and trading of petrochemicals and chemicals. ONGC holds a 50% stake, with Mangalore Refinery and Petrochemicals Limited (MRPL) and ONGC Petro additions Limited (OPaL) holding 25% each. The company has an authorized and subscribed share capital of ₹50 crore. This move aligns with ONGC's downstream and petrochemicals business, aiming to create a unified market-facing platform for the ONGC Group's petrochemical products. The incorporation received approval from the Department of Investment and Public Asset Management.

Oil and Natural Gas Corporation Ltd (ONGC) has announced a change in its senior management, with four Executive Directors set to retire effective October 1, 2026. The retiring executives are Saket Gupta, Ravi Shankar, Vinod Kumar Chaudhary, and Kaustav Nag. This information is provided in accordance with SEBI (LODR) Regulations, 2015. The company has informed the stock exchanges about these retirements.

Oil and Natural Gas Corporation Limited (ONGC) announced a gas strike on September 18, 2026, at deepwater well MN-DW18-1-H-D in the Mahanadi Offshore Basin, off the Odisha coast. The discovery, part of the Samudra Manthan initiative, occurred at a 1,441–1,452 metre interval. Located approximately 43 km off Konark, its coastal proximity offers potential for early monetization. This find strengthens ONGC’s deepwater exploration program and India’s indigenous hydrocarbon resource base, with development potentially utilizing shared facilities under the PNG Rules, 2025.

Oil and Natural Gas Corporation Ltd (ONGC) has announced the appointment of Shri Bhaskar Chowdary Nettem (DIN: 10622394) as Director (Production). The appointment, approved by the Board of Directors, is effective from September 21, 2026, and will continue until his superannuation on September 30, 2029, or until further orders. Shri Nettem brings over three decades of distinguished service within ONGC, with extensive experience in offshore and onshore oil and gas operations, strategic business development, project execution, and international upstream activities. A Mechanical Engineer with a master's in international business, he has held leadership roles in critical assets like Mumbai High and Assam, and also chairs IGGL, a joint venture for gas pipeline development in the North East.

Oil and Natural Gas Corporation Ltd (ONGC) has received an ESG Rating Report from Crisil ESG Ratings & Analytics Ltd. ONGC stated that it did not engage Crisil for this report and that the scores (Crisil ESG Score of 57, Crisil Core ESG score of 65) are not commensurate with its decarbonization efforts and governance. The company highlighted a factual error regarding independent director attendance and its net-zero targets by 2038. ONGC received a below-average score of 44 out of 100 on environmental parameters.

Oil and Natural Gas Corporation Ltd (ONGC) announced that its Board of Directors, in a meeting held on September 17, 2026, approved the appointment of three firms as Cost Auditors for the Financial Year 2026-27. The appointed firms are M/s Chandra Wadhwa & Co., M/s Ramanath Iyer & Co., and M/s R Nanabhoy & Co. Brief profiles of these firms, detailing their experience and expertise, were attached as Annexure-A. The board meeting commenced at 11:35 hrs and concluded at 13:00 hrs.

Oil and Natural Gas Corporation Ltd (ONGC) has received an ESG Rating Report from ESG Risk Assessments & Insights Limited (ESGRisk.ai), assigning an overall score of 44. ONGC stated that it neither engaged the agency nor finalized the report in consultation with them. The company believes the score is low and not commensurate with its decarbonization efforts, governance structure, and disclosures in its Business Responsibility and Sustainability Report (BRSR). The report highlights strengths in community engagement but weaknesses in environmental management, human rights, and governance practices, particularly concerning female representation and environmental compliance incidents. ONGC aims for Net Zero Scope 1 and 2 emissions by 2038.

Oil and Natural Gas Corporation Ltd (ONGC) has announced the appointment of its Statutory/Joint Statutory Auditors for the Financial Year 2026-27. The appointments were conveyed via a letter received from the office of the Comptroller & Auditor General of India (C&AG) on September 7, 2026. The selected firms include M/s T R Chadha & Co LLP, M/s P K F Sridhar & Santhanam LLP, M/s Suri & Co, and M/s A R & Co. Brief profiles of the appointed firms, as per SEBI circular, are enclosed. T R Chadha & Co LLP, established in 1946, has extensive experience with large PSUs and banks. PKF Sridhar & Santhanam LLP, founded in 1978, is a multidisciplinary firm with a global presence and a focus on technology-led assurance.

Oil and Natural Gas Corporation Ltd (ONGC) has informed the stock exchanges about a change in its senior management. Two Executive Directors, Ajay Kumar Sharma and Pradeep Kumar Goel, will be retiring from their positions due to superannuation. These changes are effective from September 1, 2026. This filing is made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015.

Oil and Natural Gas Corporation Ltd (ONGC) has announced that its 33rd Annual General Meeting (AGM) was successfully convened on August 31, 2026. Following the AGM, a "Post AGM Media Interaction" with the company's management is scheduled for the same day at 17:30 hours. A presentation intended for this interaction is available for access on the company's official website.