Mumbai, February 28, 2025: Oil India Limited (NSE: OIL | BSE: 533106), a Maharatna public sector enterprise under the Government of India, today announced that Shri Bhairab Bhuyan, Executive Director (Engineering Services), will retire from his role effective close of business hours on February 28, 2025.
Senior Management Change Details:
| Particulars | Details |
|---|
| Name | Bhairab Bhuyan |
| Designation | Executive Director (Engg Services) |
| Reason for Change | Superannuation (Retirement) |
| Effective Date | March 1, 2025 |
Shri Bhairab Bhuyan held a senior management position, directly reporting to the Board of Directors. His departure marks a significant transition in the company's executive team structure.
Corporate Commentary:
Confirming the change, A.K. Sahoo, Company Secretary & Compliance Officer, stated, "We acknowledge the contributions of Shri Bhairab Bhuyan and wish him well in his retirement."
Strategic Outlook & Investor Impact:
The retirement is part of routine executive management transitions. Investors are expected to monitor subsequent announcements concerning potential replacements or internal restructuring aimed at maintaining operational continuity and strategic focus in the engineering services division.
Regulatory Compliance:
This disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders.
About Oil India Limited:
Oil India Limited, headquartered in Duliajan, Assam, is India's second-largest national oil and gas company and is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company is a leading player in exploration and production of hydrocarbons in India.