Oil and Natural Gas Corporation Ltd

Oil and Natural Gas Corporation Ltd (ONGC) has announced a change in its senior management, effective July 1, 2026. Three Executive Directors, Sachiv Kumar, Rajesh Sharma, and Jagdamba Prasad G Dobriyal, will be retiring from their positions due to superannuation. This change affects personnel one level below the Board of Directors and is being reported in compliance with SEBI (LODR) Regulations, 2015.

Oil and Natural Gas Corporation Ltd (ONGC) has announced that Shri Pankaj Kumar will cease to be Director (Production) effective July 1, 2026, upon reaching the age of superannuation. This change is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has informed the stock exchanges about this management transition.

Oil and Natural Gas Corporation Ltd (ONGC) announced the appointment of Shri Anupam Agarwal as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective June 25, 2026. The Board of Directors approved this change during a meeting held on the same date. Shri Agarwal, who was previously Director (Finance), brings over 35 years of experience in finance and commercial management within the oil and gas sector. His appointment replaces Shri Yogish Nayak S. The filing also noted the appointment of Shri Satyan Kumar as a Key Managerial Personnel. Shri Agarwal's extensive background includes roles at ONGC Videsh Limited and significant contributions to corporate finance functions at ONGC.

Oil and Natural Gas Corporation Ltd (ONGC) announced key management changes following a Board of Directors meeting on June 25, 2026. Shri Anupam Agarwal has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel, replacing Shri Yogish Nayak S. Shri Agarwal brings over 35 years of experience in finance and commercial management within the oil and gas sector, with a distinguished career at ONGC and ONGC Videsh. Additionally, Shri Satyan Kumar has been appointed as a Key Managerial Personnel in his role as Director (Strategy & Corporate Affairs). The board meeting commenced at 17:30 hrs and concluded at 21:15 hrs.

Oil and Natural Gas Corporation Ltd (ONGC) and bp have signed a new Technical Services Contract, appointing bp as the Technical Services Provider (TSP) for ONGC's fields in the Western Offshore Basin. This agreement expands their collaboration beyond Mumbai High and aims to enhance production from these mature hydrocarbon assets by deploying advanced technologies and global expertise. ONGC will retain ownership and operational control, while bp will focus on reservoir, well, and production facility interventions to moderate production decline, improve recovery, and support sustained growth. bp will receive a fixed fee for the initial two years, followed by a service fee linked to incremental hydrocarbon production revenue. This follows a successful collaboration at Mumbai High initiated in February 2025.

Oil and Natural Gas Corporation Ltd (ONGC) has issued a clarification regarding a significant increase in its security volume across exchanges. The company stated that the surge is purely market-driven and reaffirmed its compliance with SEBI (LODR) Regulations, 2015. This statement addresses recent market activity and assures stakeholders of the company's adherence to regulatory standards.

Oil and Natural Gas Corporation Ltd (ONGC) announced that the Ministry of Petroleum and Natural Gas has entrusted Shri Vikram Saxena, Director (Technology & Field Services), with the additional charge of Director (Production). This appointment is effective from July 1, 2026, for a period of three months or until a regular incumbent is appointed, whichever is earlier. This move is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Oil and Natural Gas Corporation Ltd (ONGC) announced that its subsidiary, ONGC Petro additions Limited (OPaL), has received board approval to raise up to ₹4,471 crore through the private placement of Non-Convertible Debentures (NCDs). This fundraising initiative, approved at OPaL's 134th Board meeting on June 11, 2026, is subject to shareholder and regulatory approvals. The funds will be raised in one or more tranches, with the debentures being secured/unsecured and redeemable. This move by the debt-listed subsidiary aims to bolster its financial resources.

Oil and Natural Gas Corporation Ltd (ONGC) has issued a corrigendum regarding the announcement of Shri Anupam Agarwal's appointment as Director (Finance). The correction pertains to a reference number in a communication from the Ministry of Petroleum and Natural Gas. The letter number CA-31012/1/2026-CA-PNG(55700) should be read as CA-31011/1/2025-CA-PNG(52341). Importantly, the content of the communication remains unchanged, and the appointment itself is not affected by this correction.

Oil and Natural Gas Corporation Ltd (ONGC) has announced the appointment of Shri Anupam Agarwal as its new Director (Finance). The appointment, approved by the Board of Directors, is effective from June 3, 2026, and will continue until his superannuation on July 31, 2028, or further orders. Shri Agarwal brings over 35 years of experience in finance and commercial management within the oil and gas sector, having previously served as Director (Finance) at ONGC Videsh Limited. His expertise includes corporate finance, treasury management, and financial strategy, with a proven track record in mobilizing significant funding and establishing global treasury centers.