Oil India Limited — Others, 01-01-2025: Change in Director(s)

Shri Ashok Das has stepped down as Director (Human Resources) of Oil India Limited upon reaching superannuation at the end of December 2024. Effective January 1, 2025, Dr. Ranjit Rath, currently the Chairman & Managing Director, will take on the additional role of Director (Human Resources). This leadership transition may enhance management continuity and strategic alignment, potentially strengthening company oversight in HR matters during a pivotal time of operational focus. Investors could view this as a positive outlook, given the experienced leadership at the helm, which may bolster confidence in the company's ongoing initiatives.