Hindustan Oil Exploration Director Retires as Tenure Concludes; Board Reconstitutes Key Committees
Hindustan Oil Exploration Company Limited announced that Mr. Pronip Kumar Borthakur has retired from his role as a Non-Executive Independent Director following the completion of his tenure. Furthermore, the company's Board of Directors finalized the reconstitution of several key sub-committees effective June 14, 2026.Mr. Borthakur's departure is due to the successful completion of two consecutive terms of five years as an Independent Director. The Board expressed its sincere appreciation for the contributions made by Mr. Pronip Kumar Borthakur during his service with the company.
Details regarding the director change and the committee structure updates were provided:
| Name |
|---|
| Director: Mr. Pronip Kumar Borthakur (DIN: 06417854) |
| Reason for Change: Retirement due to completion of two terms of five consecutive years as Independent Director. |
| Date of Cessation: June 14, 2026 (End of Day) |
The Board of Directors has reconfigured its various sub-committees in adherence to the requirements set forth by relevant corporate governance frameworks. The changes cover the Audit Committee, Nomination & Remuneration Committee, Corporate Social Responsibility Committee, and Risk Management Committee.
The composition of the reconstituted committees effective June 14, 2026, is detailed below:
Audit Committee Composition
| Member Name | Designation |
|---|---|
| Mr. Suresh Kumar Jain | (C) (NE-ID) |
| Mr. Jagadip Narayan Singh | (M) (NE-ID) |
| Mr. Rohit Rajgopal Dhoot | (M) (NE-NID) |
Nomination & Remuneration Committee Composition
| Member Name | Designation |
|---|---|
| Ms. Preeti Grover | (C) (NE-ID) |
| Mr. Suresh Kumar Jain | (M) (NE-ID) |
| Mr. Ashok Kumar Goel | (M) (NE-NID) |
Corporate Social Responsibility Committee Composition
| Member Name | Designation |
|---|---|
| Ms. Preeti Grover | (C) (NE-ID) |
| Mr. Ashok Kumar Goel | (M) (NE-NID) |
| Mr. Baroruchi Mishra | (M) (MD & CEO) |
Risk Management Committee Composition
| Member Name | Designation |
|---|---|
| Mr. Jagadip Narayan Singh | (C) (NE-ID) |
| Mr. Ashok Kumar Goel | (M) (NE-NID) |
| Mr. Baroruchi Mishra | (M) (MD & CEO) |
| Mr. Krishnan Raghavan | (M) |
| Mr. G. Janakiraman | (M) |
HINDOILEXP Stock Price Movement
Shares of Hindustan Oil Exploration Company Limited slipped by 1.49% on Friday to settle at ₹165.53. The equity recorded total traded volume of 4.69 million shares during the session, continuing a trend of downward pressure.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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