News ArticleIndian Oil Corporation reports retirement of two Executive Directors on 31 October 2026
Shri Subrat Kar and Dr. Alex C Pulikottil retire from senior management roles under SEBI Regulation 30 disclosure
Indian Oil Corporation Limited has announced the retirement of Shri Subrat Kar, Executive Director (Planning & Economic Studies), Marketing Head Office, and Dr. Alex C Pulikottil, Executive Director (Petrochemical & Catalyst), R&D Centre, effective 31 October 2026 under Regulation 30 of SEBI Listing Obligations.
Indian Oil Corporation Limited
Change in Management
Indian Oil Corporation Limited disclosed the retirement of two senior executive directors, Shri Subrat Kar and Dr. Alex C Pulikottil, effective 31 October 2026, as per SEBI Listing Regulations.
The company announced that Shri Subrat Kar, who served as Executive Director (Planning & Economic Studies) at the Marketing Head Office, has superannuated from service.
Additionally, Dr. Alex C Pulikottil, Executive Director (Petrochemical & Catalyst) at the R&D Centre, has also retired on the same date.
The announcement was filed on 1 November 2026 to comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 regarding senior management changes.
Highlights
- Both senior executives retired on 31 October 2026.
- Shri Subrat Kar's role was Executive Director (Planning & Economic Studies), Marketing Head Office.
- Dr. Alex C Pulikottil's role was Executive Director (Petrochemical & Catalyst), R&D Centre.
- The announcement was made under SEBI Regulation 30 for disclosure of management changes.
Key Data Snapshot
What happened
- Indian Oil Corporation Limited declared the retirement of two Executive Directors effective 31 October 2026.
- This constitutes a change in senior management personnel one level below the Board of Directors.
Key details
- Shri Subrat Kar served as Executive Director (Planning & Economic Studies), Marketing Head Office.
- Dr. Alex C Pulikottil served as Executive Director (Petrochemical & Catalyst), R&D Centre.
- The company disclosed this information in compliance with SEBI Regulation 30.
Regulatory and governance context
- The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
- This regulation mandates timely disclosure of senior management changes for listed companies.
Highlights
- Both senior executives retired on 31 October 2026.
- Shri Subrat Kar's role was Executive Director (Planning & Economic Studies), Marketing Head Office.
- Dr. Alex C Pulikottil's role was Executive Director (Petrochemical & Catalyst), R&D Centre.
- The announcement was made under SEBI Regulation 30 for disclosure of management changes.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Regulation 30
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